Union Bancaire Privee UBP SA Sells 20,164 Shares of PG&E Co. (NYSE:PCG)

Union Bancaire Privee UBP SA lessened its stake in shares of PG&E Co. (NYSE:PCG - Free Report) by 20.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 77,401 shares of the utilities provider's stock after selling 20,164 shares during the period. Union Bancaire Privee UBP SA's holdings in PG&E were worth $1,229,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Apollon Wealth Management LLC boosted its position in shares of PG&E by 9.0% in the 4th quarter. Apollon Wealth Management LLC now owns 11,168 shares of the utilities provider's stock valued at $225,000 after purchasing an additional 923 shares during the period. Empowered Funds LLC boosted its holdings in shares of PG&E by 13.7% in the fourth quarter. Empowered Funds LLC now owns 40,335 shares of the utilities provider's stock worth $814,000 after buying an additional 4,853 shares during the period. Savant Capital LLC boosted its holdings in shares of PG&E by 6.9% in the fourth quarter. Savant Capital LLC now owns 27,113 shares of the utilities provider's stock worth $547,000 after buying an additional 1,739 shares during the period. Summit Trail Advisors LLC acquired a new stake in shares of PG&E during the fourth quarter valued at approximately $268,000. Finally, Van ECK Associates Corp raised its holdings in shares of PG&E by 94.5% during the fourth quarter. Van ECK Associates Corp now owns 3,545,569 shares of the utilities provider's stock valued at $71,549,000 after acquiring an additional 1,722,613 shares during the period. 78.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PCG. 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 report on Friday, April 25th. Mizuho lifted their price target on PG&E from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Evercore ISI increased their price objective on PG&E from $15.00 to $17.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. 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, Morgan Stanley set a $18.00 target price on PG&E and gave the company an "underweight" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, PG&E presently has a consensus rating of "Moderate Buy" and an average target price of $20.75.

PG&E Stock Down 4.9%

PCG traded down $0.70 during midday trading on Friday, hitting $13.60. 50,995,320 shares of the company's stock traded hands, compared to its average volume of 17,569,950. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.05 and a quick ratio of 1.00. The company has a market cap of $36.39 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.09 and a beta of 0.60. The stock's fifty day simple moving average is $16.77 and its 200-day simple moving average is $17.36. PG&E Co. has a one year low of $13.53 and a one year high of $21.72.

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

PG&E Dividend Announcement

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

Insider Buying and Selling

In other PG&E news, EVP Carla J. Peterman sold 32,519 shares of PG&E stock in a transaction that occurred on Tuesday, April 29th. The stock was 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 filing with the SEC, which is available at the SEC website. 0.14% of the stock is owned by insiders.

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.