Natixis Cuts Position in PG&E Co. (NYSE:PCG)

Natixis lessened its stake in PG&E Co. (NYSE:PCG - Free Report) by 87.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,122 shares of the utilities provider's stock after selling 104,912 shares during the period. Natixis' holdings in PG&E were worth $305,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of PG&E by 2.5% during 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 purchasing an additional 6,151,233 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of PG&E by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 51,988,553 shares of the utilities provider's stock valued at $1,046,462,000 after purchasing an additional 2,151,494 shares in the last quarter. Capital Research Global Investors boosted its holdings in PG&E by 70.3% in the fourth quarter. Capital Research Global Investors now owns 46,805,768 shares of the utilities provider's stock worth $944,540,000 after acquiring an additional 19,317,171 shares in the last quarter. Norges Bank acquired a new stake in PG&E in the 4th quarter valued at $591,625,000. Finally, Pictet Asset Management Holding SA increased its stake in PG&E by 0.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 17,385,629 shares of the utilities provider's stock valued at $350,842,000 after purchasing an additional 82,705 shares in the last quarter. Institutional investors own 78.56% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on PCG shares. Wells Fargo & Company restated an "overweight" rating and set a $24.00 price target on shares of PG&E in a research note on Friday. 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 note on Wednesday, April 23rd. BMO Capital Markets decreased their price target on shares of PG&E from $23.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. 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 note on Monday. Finally, Barclays reduced their target price on shares of PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.13.

PG&E Stock Performance

Shares of NYSE:PCG traded down $0.49 during midday trading on Wednesday, reaching $16.87. The company had a trading volume of 3,165,730 shares, compared to its average volume of 16,358,795. The stock has a market cap of $45.05 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.09 and a beta of 0.70. PG&E Co. has a 52-week low of $14.99 and a 52-week high of $21.72. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. The company's 50 day moving average price is $16.75 and its 200 day moving average price is $18.22.

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

PG&E Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Monday, March 31st. PG&E's dividend payout ratio (DPR) is 9.17%.

Insider Buying and Selling

In other PG&E news, EVP Carla J. Peterman sold 32,521 shares of the business's stock in a transaction 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 directly owns 183,635 shares of the company's stock, valued at $3,006,104.95. The trade was a 15.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arno Lockheart Harris acquired 6,389 shares of the firm'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 transaction, the director now directly 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. 0.15% of the stock is owned by company insiders.

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.