Paloma Partners Management Co Has $202,000 Stock Position in PG&E Co. (NYSE:PCG)

Paloma Partners Management Co decreased its stake in PG&E Co. (NYSE:PCG - Free Report) by 86.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the utilities provider's stock after selling 65,529 shares during the quarter. Paloma Partners Management Co's holdings in PG&E were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of PG&E by 2.5% in 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 acquiring an additional 6,151,233 shares during the period. Geode Capital Management LLC increased its stake in PG&E by 4.3% in the fourth 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 increased its stake 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 valued at $944,540,000 after purchasing an additional 19,317,171 shares in the last quarter. Norges Bank acquired a new stake in PG&E in the fourth quarter worth $591,625,000. Finally, Northern Trust Corp boosted its position in shares of PG&E by 6.8% during the fourth quarter. Northern Trust Corp now owns 19,125,945 shares of the utilities provider's stock worth $385,962,000 after purchasing an additional 1,214,394 shares in the last quarter. Institutional investors own 78.56% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on PCG. Wells Fargo & Company reaffirmed an "overweight" rating and set a $24.00 price objective on shares of PG&E in a research note on Friday, April 25th. Morgan Stanley reaffirmed an "underweight" rating on shares of PG&E in a research report on Wednesday, April 23rd. UBS Group lowered PG&E from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $22.00 to $19.00 in a research report on Wednesday, March 19th. Jefferies Financial Group raised their target price on shares of PG&E from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Finally, Barclays reduced their price target on shares of PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, PG&E currently has a consensus rating of "Moderate Buy" and an average price target of $21.13.

PG&E Stock Up 1.6 %

PCG traded up $0.26 on Friday, hitting $16.93. 12,963,656 shares of the company were exchanged, compared to its average volume of 16,503,067. The stock's fifty day moving average is $16.79 and its 200-day moving average is $18.16. PG&E Co. has a 12 month low of $14.99 and a 12 month high of $21.72. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. The company has a market cap of $45.30 billion, a PE ratio of 14.72, a PEG ratio of 1.09 and a beta of 0.70.

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). The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $6.23 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. Equities research analysts predict 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. Stockholders of record on Monday, March 31st were issued a $0.025 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.59%. PG&E's payout ratio is 9.17%.

Insider Activity at PG&E

In related news, EVP Carla J. Peterman sold 32,521 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $16.37, for a total value of $532,368.77. Following the transaction, the executive vice president now owns 183,635 shares in the company, valued at approximately $3,006,104.95. This represents a 15.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arno Lockheart Harris purchased 6,389 shares of the stock in a transaction on Thursday, February 20th. The stock was bought at an average cost of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the acquisition, the director now 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 disclosure for this purchase 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.