Capital International Inc. CA Has $4.52 Million Stake in PG&E Co. (NYSE:PCG)

Capital International Inc. CA decreased its position in PG&E Co. (NYSE:PCG - Free Report) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,716 shares of the utilities provider's stock after selling 18,527 shares during the quarter. Capital International Inc. CA's holdings in PG&E were worth $4,515,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PCG. Vanguard Group Inc. grew its position in shares of PG&E by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 254,358,968 shares of the utilities provider's stock worth $5,132,964,000 after purchasing an additional 6,151,233 shares in the last quarter. Geode Capital Management LLC grew its position in PG&E by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 51,988,553 shares of the utilities provider's stock worth $1,046,462,000 after buying an additional 2,151,494 shares in the last quarter. Capital Research Global Investors increased its stake in PG&E by 70.3% during the 4th quarter. Capital Research Global Investors now owns 46,805,768 shares of the utilities provider's stock worth $944,540,000 after acquiring an additional 19,317,171 shares during the period. Norges Bank acquired a new position in PG&E in the 4th quarter valued at $591,625,000. Finally, Pictet Asset Management Holding SA raised its holdings in PG&E by 0.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 17,385,629 shares of the utilities provider's stock valued at $350,842,000 after acquiring an additional 82,705 shares in the last quarter. Institutional investors own 78.56% of the company's stock.

PG&E Price Performance

Shares of PCG traded down $0.25 during trading hours on Friday, reaching $17.14. The stock had a trading volume of 10,347,598 shares, compared to its average volume of 16,424,792. 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 12 month low of $14.99 and a 12 month high of $21.72. The stock has a market capitalization of $45.79 billion, a PE ratio of 14.90, a PEG ratio of 1.09 and a beta of 0.70. The company's 50-day moving average is $16.68 and its two-hundred day moving average is $18.26.

PG&E (NYSE:PCG - Get Free Report) last posted its earnings results on Thursday, April 24th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $5.98 billion during 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%. Research analysts expect that PG&E Co. will post 1.49 EPS for the current year.

PG&E Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Monday, March 31st. PG&E's payout ratio is currently 9.17%.

Analyst Ratings Changes

PCG has been the topic of a number of recent analyst reports. Morgan Stanley restated an "underweight" rating on shares of PG&E in a research report on Wednesday. Barclays dropped their target price on shares of PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. UBS Group lowered shares of PG&E from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $22.00 to $19.00 in a research report on Wednesday, March 19th. JPMorgan Chase & Co. restated an "overweight" rating and set a $22.00 price objective on shares of PG&E in a research report on Wednesday, February 12th. Finally, 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 report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.32.

Insider Transactions at PG&E

In other PG&E news, 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 value of $532,368.77. Following the completion of the sale, the executive vice president now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arno Lockheart Harris acquired 6,389 shares of PG&E stock in a transaction dated Thursday, February 20th. The shares were bought at an average cost of $15.66 per share, with a total value of $100,051.74. Following the transaction, the director now owns 14,864 shares in the company, valued at approximately $232,770.24. This trade represents a 75.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.15% of the stock is owned by company insiders.

About PG&E

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.