PG&E Co. (NYSE:PCG) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its holdings in PG&E Co. (NYSE:PCG - Free Report) by 7.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 733,200 shares of the utilities provider's stock after selling 57,100 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in PG&E were worth $12,596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of PCG. Vanguard Group Inc. increased its position in shares of PG&E by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 254,358,968 shares of the utilities provider's stock valued at $5,132,964,000 after buying an additional 6,151,233 shares during the period. Geode Capital Management LLC lifted its stake in shares of PG&E by 4.3% in 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 lifted its position in PG&E by 70.3% during the fourth quarter. Capital Research Global Investors now owns 46,805,768 shares of the utilities provider's stock valued at $944,540,000 after purchasing an additional 19,317,171 shares during the period. Norges Bank bought a new position in PG&E during the fourth quarter valued at approximately $591,625,000. Finally, Northern Trust Corp lifted its position in PG&E by 6.8% during 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. Hedge funds and other institutional investors own 78.56% of the company's stock.

PG&E Stock Down 0.5%

Shares of PCG traded down $0.07 during mid-day trading on Monday, hitting $13.57. 35,372,133 shares of the company's stock were exchanged, compared to its average volume of 17,680,635. The company has a market cap of $36.30 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 1.09 and a beta of 0.60. PG&E Co. has a fifty-two week low of $13.50 and a fifty-two week high of $21.72. 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's 50-day moving average is $16.72 and its 200-day moving average is $17.25.

PG&E (NYSE:PCG - Get Free Report) last issued its 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 net margin of 10.27% and a return on equity of 10.94%. The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $6.23 billion. During the same period last year, the business earned $0.37 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that PG&E Co. will post 1.49 earnings per share for the current fiscal year.

PG&E Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.025 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.74%. PG&E's payout ratio is 9.17%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Guggenheim increased their price objective on shares of PG&E from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. UBS Group lowered shares of PG&E from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $22.00 to $19.00 in a report on Wednesday, March 19th. Morgan Stanley set a $18.00 price target on shares of PG&E and gave the company an "underweight" rating in a report on Thursday, May 22nd. Evercore ISI boosted their price target on shares of PG&E from $15.00 to $17.00 and gave the company an "in-line" rating in a report on Monday, April 28th. Finally, Barclays cut their price objective on shares of PG&E from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.73.

Insider Activity

In other 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 transaction, the executive vice president now directly owns 151,116 shares of the company's stock, valued at $2,614,306.80. The trade was a 17.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.14% of the company's stock.

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.