PG&E Co. (NYSE:PCG) is Electron Capital Partners LLC's 6th Largest Position

Electron Capital Partners LLC raised its position in PG&E Co. (NYSE:PCG - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,659,729 shares of the utilities provider's stock after purchasing an additional 106,809 shares during the quarter. PG&E accounts for approximately 4.9% of Electron Capital Partners LLC's holdings, making the stock its 6th biggest holding. Electron Capital Partners LLC owned approximately 0.18% of PG&E worth $94,033,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Lido Advisors LLC lifted its holdings in PG&E by 14.7% during the 4th quarter. Lido Advisors LLC now owns 37,051 shares of the utilities provider's stock valued at $749,000 after buying an additional 4,752 shares in the last quarter. Caden Capital Partners LP raised its stake in shares of PG&E by 7.1% during the fourth quarter. Caden Capital Partners LP now owns 2,416,790 shares of the utilities provider's stock valued at $48,771,000 after acquiring an additional 159,844 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of PG&E by 6.8% in the fourth quarter. Northern Trust Corp now owns 19,125,945 shares of the utilities provider's stock valued at $385,962,000 after purchasing an additional 1,214,394 shares during the period. Optiver Holding B.V. grew its stake in PG&E by 23.9% in the fourth quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock worth $86,000 after purchasing an additional 825 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in shares of PG&E during the 4th quarter worth $8,072,000. Institutional investors own 78.56% of the company's stock.

Insider Transactions at PG&E

In other news, EVP Carla J. Peterman sold 32,519 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $17.30, for a total value of $562,578.70. Following the sale, the executive vice president now directly owns 151,116 shares in the company, valued at approximately $2,614,306.80. This trade represents a 17.71 % 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 the business's stock in a transaction 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 completion of the purchase, the director now owns 14,864 shares of the company's stock, valued at $232,770.24. This represents 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.

PG&E Price Performance

Shares of PCG traded up $0.26 during trading hours on Friday, hitting $16.93. 12,963,656 shares of the stock were exchanged, compared to its average volume of 16,503,066. The stock's 50-day moving average price is $16.77 and its two-hundred day moving average price is $18.19. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. The company has a market cap of $45.30 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. 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). PG&E had a return on equity of 10.94% and a net margin of 10.27%. The business had revenue of $5.98 billion during the quarter, compared to analysts' expectations of $6.23 billion. During the same period in the prior year, the business posted $0.37 earnings per share. The business's quarterly revenue was up 2.1% on a year-over-year basis. Research analysts expect that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders 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 annualized dividend and a yield of 0.59%. PG&E's payout ratio is 9.17%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PCG shares. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $22.00 target price on shares of PG&E in a research report on Wednesday, February 12th. Wells Fargo & Company reiterated an "overweight" rating and issued a $24.00 target price on shares of PG&E in a research note on Friday, April 25th. Guggenheim lifted their price objective on shares of PG&E from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Morgan Stanley restated an "underweight" rating on shares of PG&E in a research note on Wednesday, April 23rd. Finally, UBS Group downgraded PG&E from a "buy" rating to a "neutral" rating and dropped their price target for the company from $22.00 to $19.00 in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.