Asset Management One Co. Ltd. Has $14.04 Million Stake in PG&E Co. (NYSE:PCG)

Asset Management One Co. Ltd. trimmed its holdings in shares of PG&E Co. (NYSE:PCG - Free Report) by 13.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 776,960 shares of the utilities provider's stock after selling 120,024 shares during the period. Asset Management One Co. Ltd.'s holdings in PG&E were worth $14,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of PCG. Vanguard Group Inc. raised its position in PG&E by 8.8% during the third quarter. Vanguard Group Inc. now owns 268,407,694 shares of the utilities provider's stock valued at $4,329,416,000 after buying an additional 21,731,911 shares during the period. JPMorgan Chase & Co. grew its stake in PG&E by 43.6% in the first quarter. JPMorgan Chase & Co. now owns 62,502,105 shares of the utilities provider's stock valued at $1,010,660,000 after purchasing an additional 18,984,092 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in PG&E by 27.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 83,522,320 shares of the utilities provider's stock valued at $1,347,215,000 after purchasing an additional 18,180,432 shares in the last quarter. BlackRock Inc. grew its stake in PG&E by 12.8% in the first quarter. BlackRock Inc. now owns 134,314,990 shares of the utilities provider's stock valued at $2,171,873,000 after purchasing an additional 15,210,198 shares in the last quarter. Finally, Norges Bank purchased a new position in PG&E in the fourth quarter valued at about $184,847,000. 78.56% of the stock is owned by institutional investors and hedge funds.

PG&E Stock Performance

Shares of PCG remained flat at $16.81 during trading hours on Monday. The stock had a trading volume of 10,752,191 shares, compared to its average volume of 16,425,328. The company has a market capitalization of $35.92 billion, a P/E ratio of 16.01 and a beta of 1.32. The company's 50 day simple moving average is $16.53 and its 200 day simple moving average is $16.83. PG&E Co. has a 52 week low of $14.71 and a 52 week high of $18.32. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.78 and a current ratio of 0.83.

PG&E (NYSE:PCG - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. PG&E had a return on equity of 10.84% and a net margin of 9.24%. The company had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the prior year, the company posted $0.26 EPS. As a group, equities analysts forecast that PG&E Co. will post 1.35 earnings per share for the current fiscal year.

PG&E Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.24%. PG&E's dividend payout ratio is presently 3.81%.

Analysts Set New Price Targets

PCG has been the topic of a number of recent research reports. StockNews.com upgraded PG&E from a "sell" rating to a "hold" rating in a research note on Thursday, February 1st. Barclays lowered their target price on PG&E from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $18.50.

PG&E Company Profile

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.