Crestline Management LP Has $8.08 Million Holdings in PG&E Co. (NYSE:PCG)

Crestline Management LP lifted its position in shares of PG&E Co. (NYSE:PCG - Free Report) by 195.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 400,140 shares of the utilities provider's stock after acquiring an additional 264,790 shares during the period. Crestline Management LP's holdings in PG&E were worth $8,075,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc grew its position in 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 purchasing an additional 626 shares during the last quarter. UMB Bank n.a. increased its position in PG&E by 61.5% in the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider's stock valued at $80,000 after acquiring an additional 1,506 shares during the period. Optiver Holding B.V. increased its position in PG&E by 23.9% in the 4th quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock valued at $86,000 after acquiring an additional 825 shares during the period. First Horizon Advisors Inc. boosted its position in PG&E by 746.0% during the 4th quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider's stock worth $110,000 after acquiring an additional 4,819 shares during the period. Finally, Sierra Ocean LLC acquired a new position in PG&E during the 4th quarter worth $111,000. Institutional investors and hedge funds own 78.56% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PCG shares. Jefferies Financial Group increased their target price on shares of PG&E from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. UBS Group cut PG&E from a "buy" rating to a "neutral" rating and lowered their price target for the company from $22.00 to $19.00 in a research report on Wednesday, March 19th. Barclays cut their price objective on PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Morgan Stanley reaffirmed an "underweight" rating on shares of PG&E in a report on Wednesday, April 23rd. Finally, Evercore ISI upped 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. One 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $21.13.

PG&E Trading Down 0.4 %

Shares of PCG stock traded down $0.07 during trading hours on Friday, reaching $17.11. 17,180,187 shares of the stock traded hands, compared to its average volume of 16,513,499. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $45.78 billion, a PE ratio of 14.88, a PEG ratio of 1.09 and a beta of 0.63. PG&E Co. has a 1-year low of $14.99 and a 1-year high of $21.72. The business has a fifty day moving average price of $16.88 and a 200 day moving average price of $18.05.

PG&E (NYSE:PCG - Get Free Report) last announced its earnings results on Thursday, April 24th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $5.98 billion for 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%. PG&E's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. On average, equities research analysts forecast that PG&E Co. will post 1.49 EPS for the current year.

PG&E Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.025 per share. The ex-dividend date was Monday, March 31st. This represents a $0.10 annualized dividend and a yield of 0.58%. PG&E's dividend payout ratio (DPR) is presently 9.17%.

Insider Activity

In related news, Director Arno Lockheart Harris purchased 6,389 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were 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 owns 14,864 shares of the company's stock, valued at $232,770.24. The trade was a 75.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carla J. Peterman sold 32,521 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total value of $532,368.77. Following the sale, the executive vice president now owns 183,635 shares of the company's stock, valued at approximately $3,006,104.95. This represents a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

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.