61,723 Shares in PG&E Co. (NYSE:PCG) Acquired by Voleon Capital Management LP

Voleon Capital Management LP bought a new stake in PG&E Co. (NYSE:PCG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 61,723 shares of the utilities provider's stock, valued at approximately $1,246,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PCG. Versant Capital Management Inc boosted 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 valued at $31,000 after acquiring an additional 626 shares during the period. Baker Tilly Wealth Management LLC boosted its stake in PG&E by 4.6% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider's stock valued at $330,000 after buying an additional 715 shares in the last quarter. Level Four Advisory Services LLC grew its position in PG&E by 7.5% in the fourth quarter. Level Four Advisory Services LLC now owns 11,066 shares of the utilities provider's stock valued at $223,000 after acquiring an additional 772 shares during the last quarter. Optiver Holding B.V. raised its stake in PG&E by 23.9% during the fourth quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock worth $86,000 after acquiring an additional 825 shares in the last quarter. Finally, Clarius Group LLC lifted its holdings in shares of PG&E by 8.2% in the fourth quarter. Clarius Group LLC now owns 11,038 shares of the utilities provider's stock worth $223,000 after acquiring an additional 833 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company's stock.

PG&E Stock Up 0.0 %

Shares of PG&E stock traded up $0.01 during trading hours on Monday, reaching $16.94. The company's stock had a trading volume of 8,531,327 shares, compared to its average volume of 16,485,993. The company has a market capitalization of $45.31 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.09 and a beta of 0.70. The stock's fifty day simple moving average is $16.79 and its two-hundred day simple moving average is $18.13. PG&E Co. has a one year low of $14.99 and a one year 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.

PG&E (NYSE:PCG - Get Free Report) last issued 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 analysts' expectations of $6.23 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. On average, research analysts forecast that PG&E Co. will post 1.49 earnings per share for the current 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 of this dividend was Monday, March 31st. This represents a $0.10 annualized dividend and a dividend yield of 0.59%. PG&E's dividend payout ratio is currently 9.17%.

Insider Buying and Selling

In related news, Director Arno Lockheart Harris purchased 6,389 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were purchased at an average cost of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the transaction, the director now directly owns 14,864 shares in the company, valued at approximately $232,770.24. This represents a 75.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Carla J. Peterman sold 32,519 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $17.30, for a total transaction of $562,578.70. Following the completion of the transaction, the executive vice president now owns 151,116 shares of the company's stock, valued at $2,614,306.80. This trade represents a 17.71 % 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.

Analysts Set New Price Targets

PCG has been the topic of a number of research analyst reports. Wells Fargo & Company restated an "overweight" rating and issued a $24.00 target price on shares of PG&E in a research report on Friday, April 25th. Jefferies Financial Group boosted their price target on PG&E from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Morgan Stanley reiterated an "underweight" rating on shares of PG&E in a report on Wednesday, April 23rd. Barclays reduced their target price on shares of PG&E from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, Evercore ISI lifted their target price on PG&E from $15.00 to $17.00 and gave the stock an "in-line" rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.13.

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.