Rhumbline Advisers Has $74.01 Million Position in PG&E Co. (NYSE:PCG)

Rhumbline Advisers grew its position in PG&E Co. (NYSE:PCG - Free Report) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,308,094 shares of the utilities provider's stock after acquiring an additional 59,536 shares during the quarter. Rhumbline Advisers owned 0.16% of PG&E worth $74,013,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PCG. Norges Bank acquired a new stake in PG&E during the fourth quarter valued at approximately $591,625,000. Capital Research Global Investors lifted its position in shares of PG&E by 70.3% during the 4th quarter. Capital Research Global Investors now owns 46,805,768 shares of the utilities provider's stock worth $944,540,000 after buying an additional 19,317,171 shares during the period. Vanguard Group Inc. boosted its stake in PG&E by 2.5% in the 4th 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 in the last quarter. Zimmer Partners LP grew its position in PG&E by 84.9% in the fourth quarter. Zimmer Partners LP now owns 12,661,324 shares of the utilities provider's stock valued at $255,506,000 after acquiring an additional 5,814,624 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in PG&E by 244.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,706,647 shares of the utilities provider's stock valued at $95,066,000 after acquiring an additional 3,340,599 shares during the period. Institutional investors and hedge funds own 78.56% of the company's stock.

PG&E Trading Down 1.1%

PCG stock traded down $0.18 during trading on Thursday, hitting $15.89. The company had a trading volume of 28,341,885 shares, compared to its average volume of 16,704,503. The stock has a market cap of $42.50 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 1.09 and a beta of 0.63. 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 firm has a 50-day moving average price of $17.01 and a 200-day moving average price of $17.62. PG&E Co. has a 12 month low of $14.99 and a 12 month high of $21.72.

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

PG&E Announces Dividend

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 paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Monday, June 30th. PG&E's dividend payout ratio (DPR) is presently 9.17%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PCG. Barclays reduced their target price on shares of PG&E from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. restated an "overweight" rating and issued a $22.00 price target on shares of PG&E in a research report on Wednesday, February 12th. Morgan Stanley set a $18.00 price objective 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 price objective on shares of PG&E in a report on Friday, April 25th. Finally, Guggenheim boosted their target price on PG&E from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.75.

Insider Transactions at PG&E

In related news, EVP Carla J. Peterman sold 32,519 shares of the stock in a transaction that occurred 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 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 the SEC website. 0.14% of the stock is 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.