Nebula Research & Development LLC Sells 131,040 Shares of PG&E Co. (NYSE:PCG)

Nebula Research & Development LLC decreased its holdings in shares of PG&E Co. (NYSE:PCG - Free Report) by 89.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,179 shares of the utilities provider's stock after selling 131,040 shares during the quarter. Nebula Research & Development LLC's holdings in PG&E were worth $306,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Versant Capital Management Inc increased its holdings in shares of PG&E by 68.3% in the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock worth $31,000 after buying an additional 626 shares during the last quarter. UMB Bank n.a. raised its position in PG&E by 61.5% during the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider's stock valued at $80,000 after purchasing an additional 1,506 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in PG&E by 746.0% during the fourth quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider's stock worth $110,000 after purchasing an additional 4,819 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of PG&E in the 4th quarter worth about $111,000. Finally, Huntington National Bank increased its position in shares of PG&E by 24.9% during the 4th quarter. Huntington National Bank now owns 6,036 shares of the utilities provider's stock valued at $122,000 after purchasing an additional 1,205 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other PG&E news, Director Arno Lockheart Harris acquired 6,389 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average price of $15.66 per share, with a total value of $100,051.74. Following the completion of the purchase, the director now directly owns 14,864 shares of the company's stock, valued at approximately $232,770.24. The trade was a 75.39 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed 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 directly owns 183,635 shares of the company's stock, valued at $3,006,104.95. This represents a 15.05 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on PCG. Barclays dropped their target price on PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $22.00 price objective on shares of PG&E in a research note on Wednesday, February 12th. Evercore ISI lifted their target price 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. Guggenheim upped their price target on shares of PG&E from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Finally, Jefferies Financial Group lifted their price objective on PG&E from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.13.

PG&E Trading Up 1.0 %

PCG traded up $0.17 during midday trading on Tuesday, reaching $17.09. 1,929,789 shares of the company's stock traded hands, compared to its average volume of 16,430,147. The stock has a market capitalization of $45.71 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.09 and a beta of 0.63. PG&E Co. has a 52 week low of $14.99 and a 52 week high of $21.72. The firm has a fifty day moving average of $16.81 and a two-hundred day moving average of $18.11. 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 (NYSE:PCG - Get Free Report) last announced its earnings results on Thursday, April 24th. The utilities provider reported $0.33 EPS 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 net margin of 10.27% and a return on equity of 10.94%. PG&E's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 EPS. On average, equities analysts anticipate that PG&E Co. will post 1.49 earnings per share for the current fiscal year.

PG&E Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.025 per share. 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 is currently 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.