PG&E Co. (NYSE:PCG) Position Decreased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its holdings in shares of PG&E Co. (NYSE:PCG - Free Report) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,039 shares of the utilities provider's stock after selling 20,568 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in PG&E were worth $2,644,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec purchased a new stake in PG&E in the 4th quarter valued at about $2,767,000. Freestone Grove Partners LP purchased a new position in PG&E in the 4th quarter valued at approximately $657,000. Comerica Bank raised its stake in shares of PG&E by 24.1% in the fourth quarter. Comerica Bank now owns 333,797 shares of the utilities provider's stock valued at $6,736,000 after acquiring an additional 64,919 shares in the last quarter. Gallo Partners LP acquired a new position in shares of PG&E during the fourth quarter worth about $2,446,000. Finally, Voleon Capital Management LP acquired a new stake in shares of PG&E in the 4th quarter valued at $1,246,000. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PG&E

In related news, Director Arno Lockheart Harris acquired 6,389 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the purchase, the director now directly owns 14,864 shares in the company, valued at $232,770.24. This trade represents a 75.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Carla J. Peterman sold 32,521 shares of the firm'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 transaction of $532,368.77. Following the transaction, the executive vice president now owns 183,635 shares in the company, valued at $3,006,104.95. This represents a 15.05% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PCG. BMO Capital Markets reduced their price objective on shares of PG&E from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Morgan Stanley restated an "underweight" rating on shares of PG&E in a research report on Wednesday, April 23rd. Jefferies Financial Group increased their price target on PG&E from $20.00 to $22.00 and gave the stock a "buy" rating in a 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 stock an "in-line" rating in a research note on Monday, April 28th. Finally, Barclays dropped their target price on PG&E from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $21.13.

PG&E Trading Up 0.4%

NYSE PCG traded up $0.07 during mid-day trading on Monday, hitting $17.20. The company's stock had a trading volume of 1,994,550 shares, compared to its average volume of 16,473,144. The firm has a market capitalization of $46.00 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.09 and a beta of 0.63. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.05 and a quick ratio of 1.00. PG&E Co. has a 52-week low of $14.99 and a 52-week high of $21.72. The stock's fifty day simple moving average is $16.88 and its two-hundred day simple moving average is $18.01.

PG&E (NYSE:PCG - Get Free Report) last announced 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 company had revenue of $5.98 billion during 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 firm's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 earnings per share. Research analysts expect that PG&E Co. will post 1.49 EPS for the current year.

PG&E Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.025 per share. The ex-dividend date was Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a yield of 0.58%. PG&E's dividend payout ratio (DPR) is presently 9.17%.

About PG&E

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.