Nissay Asset Management Corp Japan ADV Increases Stock Position in PG&E Co. (NYSE:PCG)

Nissay Asset Management Corp Japan ADV boosted its holdings in PG&E Co. (NYSE:PCG - Free Report) by 43.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 348,164 shares of the utilities provider's stock after acquiring an additional 104,797 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in PG&E were worth $7,012,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC grew its position in PG&E by 8.0% during the 3rd quarter. Barclays PLC now owns 5,692,521 shares of the utilities provider's stock worth $112,541,000 after purchasing an additional 420,133 shares in the last quarter. Wedmont Private Capital increased its stake in PG&E by 7.0% in the fourth quarter. Wedmont Private Capital now owns 24,459 shares of the utilities provider's stock valued at $494,000 after acquiring an additional 1,591 shares during the period. Pallas Capital Advisors LLC grew its stake in PG&E by 35.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 18,080 shares of the utilities provider's stock worth $365,000 after buying an additional 4,720 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of PG&E during the fourth quarter valued at approximately $950,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of PG&E by 4.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 32,876 shares of the utilities provider's stock valued at $663,000 after purchasing an additional 1,423 shares during the last quarter. Institutional investors own 78.56% of the company's stock.

PG&E Trading Down 0.8%

Shares of PCG traded down $0.14 during mid-day trading on Monday, reaching $17.73. The company's stock had a trading volume of 9,052,479 shares, compared to its average volume of 16,454,894. The stock has a market cap of $47.44 billion, a PE ratio of 15.42, a P/E/G 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 Co. has a 52 week low of $14.99 and a 52 week high of $21.72. The company's fifty day moving average price is $17.03 and its two-hundred day moving average price is $17.89.

PG&E (NYSE:PCG - Get Free Report) last issued its earnings results on Thursday, April 24th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $5.98 billion during the quarter, compared to analysts' expectations of $6.23 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 earnings per share. On average, analysts predict that PG&E Co. will post 1.49 earnings per share for the current fiscal year.

PG&E Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on PCG shares. Jefferies Financial Group increased their price objective on shares of PG&E from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Barclays decreased their price objective on shares of PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. UBS Group cut shares of PG&E from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $22.00 to $19.00 in a research note on Wednesday, March 19th. Evercore ISI lifted their price target on shares of PG&E from $15.00 to $17.00 and gave the company an "in-line" rating in a report on Monday, April 28th. Finally, Guggenheim boosted their target price on shares of PG&E from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. One equities 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 company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $20.71.

Insider Buying and Selling

In other news, Director Arno Lockheart Harris purchased 6,389 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the purchase, the director now directly owns 14,864 shares in the company, valued at approximately $232,770.24. This trade represents a 75.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Carla J. Peterman sold 32,519 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $17.30, for a total transaction of $562,578.70. Following the completion of the transaction, the executive vice president now owns 151,116 shares in the company, valued at approximately $2,614,306.80. The trade was a 17.71% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently 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.