PG&E Co. (NYSE:PCG) Stock Holdings Decreased by Ossiam

Ossiam cut its stake in shares of PG&E Co. (NYSE:PCG - Free Report) by 51.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,067 shares of the utilities provider's stock after selling 19,429 shares during the period. Ossiam's holdings in PG&E were worth $365,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc increased its position in shares of PG&E by 68.3% in the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock worth $31,000 after acquiring an additional 626 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its position in PG&E by 4.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider's stock worth $330,000 after purchasing an additional 715 shares during the period. Level Four Advisory Services LLC increased its holdings in PG&E by 7.5% in the 4th quarter. Level Four Advisory Services LLC now owns 11,066 shares of the utilities provider's stock valued at $223,000 after purchasing an additional 772 shares in the last quarter. Clarius Group LLC raised its position in PG&E by 8.2% in the fourth quarter. Clarius Group LLC now owns 11,038 shares of the utilities provider's stock valued at $223,000 after purchasing an additional 833 shares during the period. Finally, Greenleaf Trust lifted its stake in shares of PG&E by 5.9% during the fourth quarter. Greenleaf Trust now owns 15,542 shares of the utilities provider's stock worth $314,000 after purchasing an additional 872 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other PG&E news, Director Arno Lockheart Harris bought 6,389 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average cost 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 in the company, valued at approximately $232,770.24. This trade represents a 75.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Carla J. Peterman sold 32,521 shares of PG&E stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total transaction of $532,368.77. Following the completion of the transaction, the executive vice president now owns 183,635 shares in the company, valued at approximately $3,006,104.95. This trade represents a 15.05 % decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PCG shares. Guggenheim increased their price objective on shares of PG&E from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday. Morgan Stanley reaffirmed an "underweight" rating on shares of PG&E in a research note on Wednesday. BMO Capital Markets dropped their target price on PG&E from $23.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $22.00 price target on shares of PG&E in a report on Wednesday, February 12th. 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $20.96.

PG&E Stock Performance

Shares of PG&E stock traded up $0.08 during trading hours on Monday, reaching $17.22. The company's stock had a trading volume of 1,863,548 shares, compared to its average volume of 16,379,179. The stock has a market cap of $45.99 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. PG&E Co. has a one year low of $14.99 and a one year high of $21.72. The company's 50 day simple moving average is $16.68 and its 200 day simple moving average is $18.25. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05.

PG&E (NYSE:PCG - Get Free Report) last posted its earnings results on Thursday, April 24th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). PG&E had a return on equity of 10.94% and a net margin of 10.27%. The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $6.23 billion. As a group, analysts expect that PG&E Co. will post 1.49 EPS for the current fiscal year.

PG&E Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.025 dividend. 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 9.17%.

PG&E Profile

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.