PG&E Co. (NYSE:PCG) is Caden Capital Partners LP's Largest Position

Caden Capital Partners LP boosted its position in shares of PG&E Co. (NYSE:PCG - Free Report) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,416,790 shares of the utilities provider's stock after acquiring an additional 159,844 shares during the period. PG&E makes up approximately 14.9% of Caden Capital Partners LP's holdings, making the stock its largest holding. Caden Capital Partners LP owned approximately 0.09% of PG&E worth $48,771,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in shares of PG&E by 68.3% during the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock worth $31,000 after purchasing an additional 626 shares in the last quarter. UMB Bank n.a. raised its position in PG&E by 61.5% in the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider's stock worth $80,000 after purchasing an additional 1,506 shares during the last quarter. Optiver Holding B.V. boosted its position 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 valued at $86,000 after buying an additional 825 shares during the last quarter. First Horizon Advisors Inc. boosted its position in PG&E by 746.0% in the 4th quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider's stock valued at $110,000 after buying an additional 4,819 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in shares of PG&E in the 4th quarter valued at $111,000. Institutional investors and hedge funds own 78.56% of the company's stock.

PG&E Stock Up 0.9 %

NYSE PCG traded up $0.15 on Thursday, hitting $16.67. 22,417,383 shares of the company were exchanged, compared to its average volume of 16,489,361. The company has a market cap of $44.59 billion, a PE ratio of 14.49, a PEG ratio of 1.09 and a beta of 0.70. 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 stock has a fifty day moving average of $16.76 and a 200-day moving average of $18.21. PG&E Co. has a 12 month low of $14.99 and a 12 month high of $21.72.

PG&E (NYSE:PCG - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $6.23 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. PG&E's quarterly 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, analysts forecast that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.60%. The ex-dividend date was Monday, March 31st. PG&E's dividend payout ratio is presently 9.17%.

Insider Buying and Selling at PG&E

In other news, EVP Carla J. Peterman sold 32,521 shares of the stock in a transaction dated 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 directly owns 183,635 shares in the company, valued at approximately $3,006,104.95. This represents a 15.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arno Lockheart Harris purchased 6,389 shares of PG&E stock in a transaction on Thursday, February 20th. The shares were acquired at an average price 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 approximately $232,770.24. The trade was a 75.39 % increase in their ownership of the stock. The disclosure for this purchase 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 the stock. Wells Fargo & Company reissued an "overweight" rating and set a $24.00 price target on shares of PG&E in a research note on Friday, April 25th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $22.00 price target on shares of PG&E in a research note on Wednesday, February 12th. Evercore ISI raised their price target on PG&E from $15.00 to $17.00 and gave the stock an "in-line" rating in a research report on Monday. BMO Capital Markets cut their target price on PG&E from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Jefferies Financial Group boosted their target price on PG&E from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.13.

PG&E 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.