Stifel Financial Corp Sells 59,072 Shares of PG&E Co. (NYSE:PCG)

Stifel Financial Corp decreased its position in PG&E Co. (NYSE:PCG - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 234,905 shares of the utilities provider's stock after selling 59,072 shares during the period. Stifel Financial Corp's holdings in PG&E were worth $4,740,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc increased 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 valued at $31,000 after acquiring an additional 626 shares during the period. UMB Bank n.a. increased its holdings in shares of PG&E by 61.5% during the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider's stock valued at $80,000 after purchasing an additional 1,506 shares during the period. First Horizon Advisors Inc. raised its stake in shares of PG&E by 746.0% during the fourth quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider's stock valued at $110,000 after purchasing an additional 4,819 shares in the last quarter. Sierra Ocean LLC acquired a new stake in PG&E in the fourth quarter worth about $111,000. Finally, Huntington National Bank grew its position in PG&E by 24.9% in the 4th quarter. Huntington National Bank now owns 6,036 shares of the utilities provider's stock valued at $122,000 after buying an additional 1,205 shares in the last quarter. Institutional investors and hedge funds own 78.56% of the company's stock.

Analyst Ratings Changes

PCG has been the topic of a number of recent analyst reports. Morgan Stanley restated an "underweight" rating on shares of PG&E in a research report on Wednesday, April 23rd. Guggenheim upped their target price on PG&E from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Jefferies Financial Group lifted their price target on PG&E from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $22.00 price objective on shares of PG&E in a research note on Wednesday, February 12th. Finally, Barclays decreased their target price on PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, PG&E has an average rating of "Moderate Buy" and an average price target of $21.13.

Insiders Place Their Bets

In related news, Director Arno Lockheart Harris purchased 6,389 shares of the stock in a transaction dated Thursday, February 20th. The shares were acquired at an average cost of $15.66 per share, for a total transaction of $100,051.74. Following the acquisition, the director now directly owns 14,864 shares in the company, valued at approximately $232,770.24. The trade was a 75.39 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Carla J. Peterman sold 32,519 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $17.30, for a total value of $562,578.70. Following the sale, the executive vice president now owns 151,116 shares of the company's stock, valued at approximately $2,614,306.80. This represents a 17.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

PG&E Trading Up 1.6 %

NYSE 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 16,517,885. PG&E Co. has a twelve month low of $14.99 and a twelve month high of $21.72. The company's 50 day moving average price is $16.79 and its 200-day moving average price is $18.15. The firm has a market capitalization of $45.30 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.05 and a quick ratio of 1.00.

PG&E (NYSE:PCG - Get Free Report) last issued its quarterly 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). PG&E had a net margin of 10.27% and a return on equity of 10.94%. The firm had revenue of $5.98 billion during the quarter, compared to analysts' expectations of $6.23 billion. During the same quarter last year, the company posted $0.37 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. Analysts predict that PG&E Co. will post 1.49 earnings per share for the current fiscal year.

PG&E Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Monday, March 31st. PG&E's dividend payout ratio is currently 9.17%.

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.