Sentry Investment Management LLC Sells 1,432 Shares of PG&E Co. (NYSE:PCG)

Sentry Investment Management LLC reduced its position in shares of PG&E Co. (NYSE:PCG) by 14.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,800 shares of the utilities provider’s stock after selling 1,432 shares during the quarter. Sentry Investment Management LLC’s holdings in PG&E were worth $178,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its stake in PG&E by 77.7% in the 3rd quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock valued at $83,000 after acquiring an additional 1,834 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of PG&E by 4,623.1% in the third quarter. International Assets Investment Management LLC now owns 34,006 shares of the utilities provider’s stock worth $672,000 after purchasing an additional 33,286 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in PG&E by 41.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 145,122 shares of the utilities provider’s stock worth $2,876,000 after purchasing an additional 42,483 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in PG&E by 38.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 78,712 shares of the utilities provider’s stock valued at $1,556,000 after purchasing an additional 21,658 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in PG&E by 7.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 268,671 shares of the utilities provider’s stock valued at $5,396,000 after purchasing an additional 17,580 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Patricia K. Poppe sold 55,555 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $20.66, for a total value of $1,147,766.30. Following the transaction, the chief executive officer now directly owns 1,460,222 shares in the company, valued at approximately $30,168,186.52. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arno Lockheart Harris purchased 6,389 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the transaction, the director now owns 14,864 shares of the company’s stock, valued at $232,770.24. This trade represents a 75.39 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on PCG. Morgan Stanley cut shares of PG&E from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $20.00 to $16.50 in a research report on Friday, February 14th. Mizuho upped their target price on PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. UBS Group decreased their price target on PG&E from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Barclays lowered their price target on PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, BMO Capital Markets increased their price objective on PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.23.

PG&E Stock Down 0.5 %

PCG stock opened at $15.93 on Wednesday. PG&E Co. has a 1-year low of $14.99 and a 1-year high of $21.72. The business’s 50 day simple moving average is $17.42 and its 200 day simple moving average is $19.10. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $42.54 billion, a PE ratio of 13.85, a PEG ratio of 1.09 and a beta of 0.99.

PG&E (NYSE:PCG) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $7.29 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. During the same period in the previous year, the company earned $0.47 earnings per share. As a group, research analysts anticipate that PG&E Co. will post 1.49 EPS for the current year.

PG&E Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.025 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.10 annualized dividend and a yield of 0.63%. PG&E’s dividend payout ratio is currently 8.70%.

PG&E Company Profile

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.