54,810 Shares in PG&E Co. (NYSE:PCG) Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new position in shares of PG&E Co. (NYSE:PCG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 54,810 shares of the utilities provider's stock, valued at approximately $942,000.

A number of other institutional investors have also recently added to or reduced their stakes in PCG. True Wealth Design LLC boosted its position in PG&E by 1,233.6% in the 4th quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider's stock valued at $37,000 after buying an additional 1,690 shares during the last quarter. Colonial Trust Co SC raised its stake in PG&E by 563.0% during the fourth quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock worth $39,000 after acquiring an additional 1,627 shares during the period. Versant Capital Management Inc raised its stake in PG&E by 124.9% during the first quarter. Versant Capital Management Inc now owns 3,470 shares of the utilities provider's stock worth $60,000 after acquiring an additional 1,927 shares during the period. Optiver Holding B.V. increased its stake in shares of PG&E by 23.9% in the fourth quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock valued at $86,000 after purchasing an additional 825 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of PG&E by 30.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 5,183 shares of the utilities provider's stock valued at $89,000 after purchasing an additional 1,203 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PG&E

In other PG&E news, EVP Carla J. Peterman sold 32,519 shares of PG&E 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. The trade was a 17.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on PCG. Evercore ISI raised their price target on shares of PG&E from $15.00 to $17.00 and gave the company an "in-line" rating in a research note on Monday, April 28th. Mizuho raised their target price on shares of PG&E from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Morgan Stanley set a $18.00 target price on shares of PG&E and gave the stock an "underweight" rating in a report on Thursday, May 22nd. Wells Fargo & Company restated an "overweight" rating and issued a $24.00 price target on shares of PG&E in a research report on Friday, April 25th. Finally, UBS Group downgraded shares of PG&E from a "buy" rating to a "neutral" rating and reduced their price target for the company from $22.00 to $19.00 in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $20.75.

PG&E Price Performance

PG&E stock traded down $0.70 during trading hours on Friday, hitting $13.60. 50,995,320 shares of the stock were exchanged, compared to its average volume of 17,569,967. 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 stock has a market capitalization of $36.39 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.09 and a beta of 0.60. PG&E Co. has a 12 month low of $13.52 and a 12 month high of $21.72. The business's 50-day moving average is $16.77 and its two-hundred day moving average is $17.36.

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

PG&E Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.025 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.10 annualized dividend and a yield of 0.74%. PG&E's dividend payout ratio is currently 9.17%.

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.