Siemens Fonds Invest GmbH Sells 14,835 Shares of PG&E Co. (NYSE:PCG)

Siemens Fonds Invest GmbH lowered its holdings in PG&E Co. (NYSE:PCG - Free Report) by 67.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,202 shares of the utilities provider's stock after selling 14,835 shares during the quarter. Siemens Fonds Invest GmbH's holdings in PG&E were worth $145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Seven Grand Managers LLC bought a new stake in PG&E in the fourth quarter valued at about $8,072,000. Royal Bank of Canada increased its stake in PG&E by 26.3% in the fourth quarter. Royal Bank of Canada now owns 5,585,150 shares of the utilities provider's stock valued at $112,708,000 after acquiring an additional 1,164,051 shares during the period. ProShare Advisors LLC increased its stake in PG&E by 5.6% in the fourth quarter. ProShare Advisors LLC now owns 556,814 shares of the utilities provider's stock valued at $11,237,000 after acquiring an additional 29,745 shares during the period. Quadcap Wealth Management LLC increased its stake in PG&E by 141.7% in the fourth quarter. Quadcap Wealth Management LLC now owns 37,117 shares of the utilities provider's stock valued at $749,000 after acquiring an additional 21,760 shares during the period. Finally, Quantinno Capital Management LP increased its stake in PG&E by 35.9% in the fourth quarter. Quantinno Capital Management LP now owns 110,871 shares of the utilities provider's stock valued at $2,237,000 after acquiring an additional 29,277 shares during the period. Institutional investors own 78.56% of the company's stock.

PG&E Price Performance

Shares of PCG stock opened at $17.85 on Monday. PG&E Co. has a 1 year low of $14.99 and a 1 year high of $21.72. The firm's 50 day moving average is $17.00 and its 200-day moving average is $17.91. The firm has a market capitalization of $47.76 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.09 and a beta of 0.63. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86.

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

PG&E Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Monday, March 31st. PG&E's dividend payout ratio (DPR) is 9.17%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PCG. Jefferies Financial Group boosted their price target on shares of PG&E from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. 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 research report on Monday, April 28th. Morgan Stanley restated an "underweight" rating on shares of PG&E in a research report on Wednesday, April 23rd. Wells Fargo & Company restated an "overweight" rating and issued a $24.00 price target on shares of PG&E in a research report on Friday, April 25th. Finally, UBS Group lowered shares of PG&E from a "buy" rating to a "neutral" rating and reduced their price target for the company from $22.00 to $19.00 in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.13.

Insider Buying and Selling

In other PG&E news, EVP Carla J. Peterman sold 32,521 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $16.37, for a total value of $532,368.77. Following the completion of the sale, the executive vice president now owns 183,635 shares of the company's stock, valued at approximately $3,006,104.95. This represents a 15.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arno Lockheart Harris bought 6,389 shares of the business's stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the acquisition, the director now owns 14,864 shares of the company's stock, valued at approximately $232,770.24. This trade represents a 75.39% increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is currently 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.

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