PG&E Co. (NYSE:PCG) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. trimmed its holdings in shares of PG&E Co. (NYSE:PCG - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 543,472 shares of the utilities provider's stock after selling 46,040 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in PG&E were worth $11,045,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in PCG. Versant Capital Management Inc increased its stake in PG&E by 68.3% in the 4th 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 during the last quarter. Baker Tilly Wealth Management LLC grew its holdings in shares of PG&E by 4.6% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider's stock valued at $330,000 after purchasing an additional 715 shares in the last quarter. Level Four Advisory Services LLC increased its position in PG&E by 7.5% in the fourth quarter. Level Four Advisory Services LLC now owns 11,066 shares of the utilities provider's stock worth $223,000 after purchasing an additional 772 shares during the last quarter. Clarius Group LLC lifted its position in PG&E by 8.2% during the fourth quarter. Clarius Group LLC now owns 11,038 shares of the utilities provider's stock valued at $223,000 after purchasing an additional 833 shares during the last quarter. Finally, Greenleaf Trust grew its position in PG&E by 5.9% in the fourth quarter. Greenleaf Trust now owns 15,542 shares of the utilities provider's stock worth $314,000 after acquiring an additional 872 shares in the last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.

PG&E Stock Down 3.2 %

Shares of PG&E stock traded down $0.56 on Wednesday, reaching $16.79. 4,958,036 shares of the company were exchanged, compared to its average volume of 16,364,341. The stock's 50 day moving average price is $16.75 and its 200-day moving average price is $18.22. The company has a market cap of $44.85 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. PG&E Co. has a 1-year low of $14.99 and a 1-year high of $21.72. 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 (NYSE:PCG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.02). The business had revenue of $5.98 billion during the quarter, compared to analysts' expectations of $6.23 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. The company's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS. As a group, equities analysts forecast that PG&E Co. will post 1.49 EPS for the current year.

PG&E Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Monday, March 31st. PG&E's dividend payout ratio is currently 9.17%.

Insider Buying and Selling at PG&E

In other PG&E news, Director Arno Lockheart Harris purchased 6,389 shares of the stock in a transaction dated 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 directly owns 14,864 shares of the company's stock, valued at $232,770.24. This trade represents a 75.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Carla J. Peterman sold 32,521 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was 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 of the company's stock, valued at approximately $3,006,104.95. This trade represents a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PCG shares. Guggenheim upped their price target on shares of PG&E from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, April 25th. BMO Capital Markets decreased their target price on PG&E from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Morgan Stanley restated an "underweight" rating on shares of PG&E in a research note on Wednesday, April 23rd. Wells Fargo & Company reiterated an "overweight" rating and issued a $24.00 price target on shares of PG&E in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $22.00 price objective on shares of PG&E in a research note on Wednesday, February 12th. One equities research 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.13.

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.