Capitolis Liquid Global Markets LLC Increases Stock Position in PG&E Co. (NYSE:PCG)

Capitolis Liquid Global Markets LLC boosted its stake in shares of PG&E Co. (NYSE:PCG - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,562,900 shares of the utilities provider's stock after buying an additional 170,000 shares during the period. PG&E accounts for about 1.1% of Capitolis Liquid Global Markets LLC's investment portfolio, making the stock its 20th biggest holding. Capitolis Liquid Global Markets LLC owned approximately 0.21% of PG&E worth $112,259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of PCG. Barclays PLC boosted its position in PG&E by 8.0% during the third quarter. Barclays PLC now owns 5,692,521 shares of the utilities provider's stock valued at $112,541,000 after purchasing an additional 420,133 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of PG&E in the 3rd quarter worth approximately $349,000. Tidal Investments LLC raised its stake in shares of PG&E by 4.7% during the 3rd quarter. Tidal Investments LLC now owns 55,938 shares of the utilities provider's stock worth $1,106,000 after acquiring an additional 2,527 shares in the last quarter. Principal Financial Group Inc. boosted its stake in PG&E by 6.6% in the third quarter. Principal Financial Group Inc. now owns 2,722,110 shares of the utilities provider's stock valued at $53,816,000 after acquiring an additional 169,503 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in PG&E by 68.3% in 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 during the last quarter. Institutional investors own 78.56% of the company's stock.

PG&E Trading Up 0.0 %

PG&E stock opened at $16.94 on Tuesday. The firm has a market cap of $45.31 billion, a PE ratio of 14.73, a P/E/G 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's 50 day simple moving average is $16.81 and its two-hundred day simple moving average is $18.11. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86.

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

PG&E Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Evercore ISI raised their price objective on PG&E from $15.00 to $17.00 and gave the stock an "in-line" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. restated an "overweight" rating and set a $22.00 price objective on shares of PG&E in a report on Wednesday, February 12th. Barclays lowered 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 note on Wednesday, April 9th. Wells Fargo & Company restated an "overweight" rating and set a $24.00 price target on shares of PG&E in a research note on Friday, April 25th. Finally, Jefferies Financial Group lifted their price objective on shares of PG&E from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, PG&E presently has an average rating of "Moderate Buy" and an average target price of $21.13.

Insider Buying and Selling at PG&E

In related news, EVP Carla J. Peterman sold 32,521 shares of PG&E stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total value of $532,368.77. Following 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Arno Lockheart Harris acquired 6,389 shares of the business's stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of $15.66 per share, with a total value of $100,051.74. Following the completion of the purchase, the director now owns 14,864 shares in the company, valued at $232,770.24. This represents a 75.39 % increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is owned by corporate insiders.

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.

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