Czech National Bank Boosts Stake in PG&E Co. (NYSE:PCG)

Czech National Bank raised its holdings in PG&E Co. (NYSE:PCG - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 503,831 shares of the utilities provider's stock after acquiring an additional 29,818 shares during the quarter. Czech National Bank's holdings in PG&E were worth $8,656,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. True Wealth Design LLC grew its position in shares of 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 increased its position in PG&E by 563.0% during the 4th 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 period. Versant Capital Management Inc boosted its stake in PG&E by 124.9% during the 1st 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. raised 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 worth $86,000 after purchasing an additional 825 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings 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 in the last quarter. Institutional investors own 78.56% of the company's stock.

PG&E Stock Performance

PCG traded down $0.18 during trading hours on Thursday, hitting $15.89. The stock had a trading volume of 28,341,885 shares, compared to its average volume of 16,704,626. The stock has a market cap of $42.50 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.09 and a beta of 0.63. PG&E Co. has a 1 year low of $14.99 and a 1 year high of $21.72. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. The company's fifty day simple moving average is $17.01 and its 200 day simple moving average is $17.62.

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 (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $6.23 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $0.37 EPS. Equities analysts anticipate that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Monday, June 30th. PG&E's dividend payout ratio (DPR) is presently 9.17%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PCG shares. Barclays reduced 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. Guggenheim upped their price objective on shares of PG&E from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Jefferies Financial Group lifted their target price on shares of PG&E from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Mizuho upped their target price on PG&E from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $24.00 price target on shares of PG&E in a report on Friday, April 25th. One investment 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. Based on data from MarketBeat, PG&E presently has an average rating of "Moderate Buy" and a consensus target price of $20.75.

Insider Activity at PG&E

In other news, EVP Carla J. Peterman sold 32,519 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $17.30, for a total transaction of $562,578.70. Following the sale, the executive vice president now directly owns 151,116 shares in the company, valued at $2,614,306.80. This represents a 17.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

PG&E Company 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.