PG&E Co. (NYSE:PCG) is ATLAS Infrastructure Partners UK Ltd.'s 4th Largest Position

ATLAS Infrastructure Partners UK Ltd. cut its holdings in PG&E Co. (NYSE:PCG - Free Report) by 71.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,554,752 shares of the utilities provider's stock after selling 8,757,280 shares during the period. PG&E accounts for about 17.2% of ATLAS Infrastructure Partners UK Ltd.'s holdings, making the stock its 4th biggest position. ATLAS Infrastructure Partners UK Ltd. owned 0.14% of PG&E worth $71,735,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in shares of PG&E by 68.3% in the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 626 shares during the last quarter. UMB Bank n.a. boosted its holdings in PG&E by 61.5% in the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider's stock valued at $80,000 after acquiring an additional 1,506 shares during the last quarter. Optiver Holding B.V. grew its position in PG&E by 23.9% during the fourth quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock valued at $86,000 after acquiring an additional 825 shares during the period. First Horizon Advisors Inc. grew its position in PG&E by 746.0% during the fourth quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider's stock valued at $110,000 after acquiring an additional 4,819 shares during the period. Finally, Sierra Ocean LLC acquired a new stake in PG&E during the fourth quarter worth about $111,000. Hedge funds and other institutional investors own 78.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PCG. UBS Group cut PG&E from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $22.00 to $19.00 in a report on Wednesday, March 19th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $22.00 price objective on shares of PG&E in a research report on Wednesday, February 12th. Wells Fargo & Company restated an "overweight" rating and set a $24.00 target price on shares of PG&E in a report on Friday, April 25th. BMO Capital Markets lowered their price target on PG&E from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Evercore ISI boosted their price objective on PG&E from $15.00 to $17.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $21.13.

Insider Activity

In other 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 transaction, the director now owns 14,864 shares in the company, valued at $232,770.24. The trade was a 75.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Carla J. Peterman sold 32,521 shares of PG&E stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total transaction of $532,368.77. Following the transaction, the executive vice president now owns 183,635 shares in the company, valued at approximately $3,006,104.95. The trade was a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

PG&E Price Performance

Shares of NYSE:PCG traded up $0.01 during trading hours on Monday, hitting $16.94. 8,642,818 shares of the company's stock traded hands, compared to its average volume of 16,486,377. The company's fifty day simple moving average is $16.79 and its two-hundred day simple moving average is $18.13. The company has a market cap of $45.31 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. PG&E Co. has a 52 week low of $14.99 and a 52 week high of $21.72.

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

PG&E Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Monday, March 31st. PG&E's dividend payout ratio (DPR) is presently 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.