Yousif Capital Management LLC Sells 32,491 Shares of PG&E Co. (NYSE:PCG)

Yousif Capital Management LLC trimmed its position in PG&E Co. (NYSE:PCG - Free Report) by 10.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 292,992 shares of the utilities provider's stock after selling 32,491 shares during the quarter. Yousif Capital Management LLC's holdings in PG&E were worth $5,034,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Level Four Advisory Services LLC raised its holdings in PG&E by 7.5% in the 4th quarter. Level Four Advisory Services LLC now owns 11,066 shares of the utilities provider's stock valued at $223,000 after acquiring an additional 772 shares during the period. Farther Finance Advisors LLC raised its holdings in PG&E by 1.9% in the 1st quarter. Farther Finance Advisors LLC now owns 42,747 shares of the utilities provider's stock valued at $738,000 after acquiring an additional 785 shares during the period. Optiver Holding B.V. raised its holdings in PG&E by 23.9% in the 4th quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock valued at $86,000 after acquiring an additional 825 shares during the period. Parallel Advisors LLC raised its holdings in PG&E by 2.4% in the 1st quarter. Parallel Advisors LLC now owns 38,625 shares of the utilities provider's stock valued at $664,000 after acquiring an additional 887 shares during the period. Finally, Apollon Wealth Management LLC raised its holdings in 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 acquiring an additional 923 shares during the period. 78.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on PCG. Wells Fargo & Company reaffirmed an "overweight" rating and set a $24.00 target price on shares of PG&E in a report on Friday, April 25th. Guggenheim increased their price target 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. UBS Group lowered shares of PG&E from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $22.00 to $19.00 in a research report on Wednesday, March 19th. Evercore ISI increased their price target on shares of PG&E from $15.00 to $17.00 and gave the stock an "in-line" rating in a research report on Monday, April 28th. Finally, Jefferies Financial Group increased their price target 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $20.73.

Insiders Place Their Bets

In related news, EVP Carla J. Peterman sold 32,519 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 151,116 shares of the company's stock, valued at approximately $2,614,306.80. This represents a 17.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by insiders.

PG&E Trading Down 4.9%

NYSE PCG traded down $0.70 during mid-day trading on Friday, reaching $13.60. 50,995,320 shares of the stock were exchanged, compared to its average volume of 17,609,586. PG&E Co. has a one year low of $13.52 and a one year high of $21.72. 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 stock has a market cap of $36.39 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.09 and a beta of 0.60. The stock has a 50 day simple moving average of $16.72 and a 200-day simple moving average of $17.25.

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 the consensus estimate of $0.35 by ($0.02). The company 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 company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. On average, analysts anticipate that PG&E Co. will post 1.49 EPS for the current year.

PG&E Announces Dividend

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

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.