26,145 Shares in PG&E Co. (NYSE:PCG) Purchased by Eisler Capital Management Ltd.

Eisler Capital Management Ltd. bought a new stake in shares of PG&E Co. (NYSE:PCG - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 26,145 shares of the utilities provider's stock, valued at approximately $524,000.

Several other hedge funds also recently bought and sold shares of PCG. Norges Bank purchased a new stake in PG&E during the 4th quarter worth $591,625,000. Capital Research Global Investors lifted its stake in shares of PG&E by 70.3% during the fourth quarter. Capital Research Global Investors now owns 46,805,768 shares of the utilities provider's stock worth $944,540,000 after purchasing an additional 19,317,171 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of PG&E by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 254,358,968 shares of the utilities provider's stock worth $5,132,964,000 after buying an additional 6,151,233 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in PG&E by 244.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,706,647 shares of the utilities provider's stock valued at $95,066,000 after acquiring an additional 3,340,599 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in PG&E by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 51,988,553 shares of the utilities provider's stock valued at $1,046,462,000 after acquiring an additional 2,151,494 shares in the last quarter. Hedge funds and other institutional investors own 78.56% of the company's stock.

Insider Activity

In other PG&E news, Director Arno Lockheart Harris purchased 6,389 shares of PG&E stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the acquisition, the director now owns 14,864 shares of the company's stock, valued at approximately $232,770.24. This trade represents a 75.39% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Carla J. Peterman sold 32,519 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $17.30, for a total value of $562,578.70. Following the sale, the executive vice president now directly owns 151,116 shares in the company, valued at approximately $2,614,306.80. This trade represents a 17.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PCG shares. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $22.00 price target on shares of PG&E in a report on Wednesday, February 12th. Jefferies Financial Group raised their target price on PG&E from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. UBS Group cut shares of PG&E from a "buy" rating to a "neutral" rating and cut their price target for the company from $22.00 to $19.00 in a report on Wednesday, March 19th. Wells Fargo & Company reiterated an "overweight" rating and issued a $24.00 target price on shares of PG&E in a research report on Friday, April 25th. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of PG&E in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.13.

PG&E Stock Down 1.5%

PCG stock traded down $0.25 during trading hours on Tuesday, hitting $16.97. The company's stock had a trading volume of 12,049,808 shares, compared to its average volume of 16,505,499. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $45.40 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.09 and a beta of 0.63. PG&E Co. has a 12 month low of $14.99 and a 12 month high of $21.72. The stock has a 50 day moving average price of $16.90 and a two-hundred day moving average price of $17.99.

PG&E (NYSE:PCG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). PG&E had a return on equity of 10.94% and a net margin of 10.27%. The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $6.23 billion. During the same period in the prior year, the firm posted $0.37 EPS. PG&E's revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts expect that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.025 per share. The ex-dividend date was Monday, March 31st. This represents a $0.10 annualized dividend and a yield of 0.59%. PG&E's dividend payout ratio is currently 9.17%.

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.