PG&E Co. (NYSE:PCG) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its position in shares of PG&E Co. (NYSE:PCG - Free Report) by 1,341.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,354,312 shares of the utilities provider's stock after acquiring an additional 1,260,387 shares during the quarter. SG Americas Securities LLC owned about 0.05% of PG&E worth $23,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC lifted its position in PG&E by 1,233.6% in the fourth quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider's stock worth $37,000 after buying an additional 1,690 shares during the last quarter. Colonial Trust Co SC grew its stake in PG&E by 563.0% in the fourth quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock valued at $39,000 after purchasing an additional 1,627 shares during the last quarter. Versant Capital Management Inc grew its stake in PG&E by 124.9% in the first quarter. Versant Capital Management Inc now owns 3,470 shares of the utilities provider's stock valued at $60,000 after purchasing an additional 1,927 shares during the last quarter. Optiver Holding B.V. boosted its holdings 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 acquiring an additional 825 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in 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 worth $89,000 after acquiring an additional 1,203 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PCG shares. Jefferies Financial Group lifted their target price on PG&E from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. UBS Group lowered shares of PG&E from a "buy" rating to a "neutral" rating and dropped their target price for the company from $22.00 to $19.00 in a research report on Wednesday, March 19th. Morgan Stanley set a $18.00 price target on shares of PG&E and gave the stock an "underweight" rating in a research note on Thursday, May 22nd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $24.00 target price on shares of PG&E in a research note on Friday, April 25th. Finally, Mizuho boosted their price target on shares of PG&E from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $20.75.

PG&E Stock Down 4.9%

Shares of NYSE:PCG traded down $0.70 during trading hours on Friday, reaching $13.60. The stock had a trading volume of 50,995,320 shares, compared to its average volume of 17,609,586. PG&E Co. has a 1 year low of $13.52 and a 1 year high of $21.72. The firm's 50 day moving average is $16.72 and its 200-day moving average is $17.28. 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 price-to-earnings ratio of 11.83, a P/E/G ratio of 1.09 and a beta of 0.60.

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 (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 during the quarter, compared to analyst estimates of $6.23 billion. During the same quarter in the previous year, the company posted $0.37 EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. Research analysts predict that PG&E Co. will post 1.49 earnings per share for the current fiscal year.

PG&E Announces Dividend

The business 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. This represents a $0.10 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Monday, June 30th. PG&E's payout ratio is 9.17%.

Insider Activity

In related news, EVP Carla J. Peterman sold 32,519 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $17.30, for a total transaction of $562,578.70. Following the completion of the sale, the executive vice president now owns 151,116 shares in the company, valued at $2,614,306.80. This represents a 17.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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.