PG&E Co. (NYSE:PCG) EVP Carla J. Peterman Sells 32,521 Shares

PG&E Co. (NYSE:PCG) EVP Carla J. Peterman sold 32,521 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $16.37, for a total value of $532,368.77. Following the completion of the transaction, the executive vice president now directly owns 183,635 shares in the company, valued at approximately $3,006,104.95. This trade represents a 15.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

PG&E Trading Down 1.7 %

PG&E stock traded down $0.29 during trading hours on Tuesday, reaching $16.15. The company had a trading volume of 14,520,890 shares, compared to its average volume of 15,055,290. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.05 and a quick ratio of 1.00. PG&E Co. has a 12-month low of $14.99 and a 12-month high of $21.72. The firm has a market cap of $43.13 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 1.09 and a beta of 0.99. The company has a 50-day moving average price of $17.07 and a 200 day moving average price of $19.03.

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

PG&E Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.025 per share. The ex-dividend date is Monday, March 31st. This represents a $0.10 annualized dividend and a dividend yield of 0.62%. PG&E’s dividend payout ratio is presently 8.70%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PCG shares. Morgan Stanley downgraded PG&E from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $20.00 to $16.50 in a report on Friday, February 14th. Mizuho upped their price objective on PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Barclays reduced their price objective on PG&E from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. BMO Capital Markets upped their price objective on PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $22.00 price target on shares of PG&E in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, PG&E has a consensus rating of “Moderate Buy” and an average target price of $22.23.

Institutional Investors Weigh In On PG&E

Several hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in PG&E by 68.3% in the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 626 shares in the last quarter. True Wealth Design LLC lifted its stake in shares of PG&E by 1,233.6% in the 4th quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 1,690 shares during the period. Colonial Trust Co SC grew its position in shares of PG&E by 563.0% during the 4th quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 1,627 shares during the period. UMB Bank n.a. grew its holdings in PG&E by 61.5% during the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock valued at $80,000 after purchasing an additional 1,506 shares during the period. Finally, Optiver Holding B.V. increased its holdings in PG&E by 23.9% in the 4th quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 825 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors.

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.