PG&E Co. (NYSE:PCG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of PG&E Co. (NYSE:PCG) by 0.5% during the fourth quarter, HoldingsChannel reports. The fund owned 261,860 shares of the utilities provider’s stock after selling 1,306 shares during the period. Mutual of America Capital Management LLC’s holdings in PG&E were worth $5,284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PCG. International Assets Investment Management LLC grew its holdings in PG&E by 4,623.1% during the third quarter. International Assets Investment Management LLC now owns 34,006 shares of the utilities provider’s stock worth $672,000 after acquiring an additional 33,286 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in PG&E by 38.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 78,712 shares of the utilities provider’s stock worth $1,556,000 after acquiring an additional 21,658 shares during the period. Gladstone Institutional Advisory LLC grew its holdings in PG&E by 16.5% during the third quarter. Gladstone Institutional Advisory LLC now owns 22,773 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 3,230 shares during the period. Janney Montgomery Scott LLC grew its holdings in PG&E by 17.6% during the third quarter. Janney Montgomery Scott LLC now owns 80,874 shares of the utilities provider’s stock worth $1,599,000 after acquiring an additional 12,092 shares during the period. Finally, Van ECK Associates Corp grew its holdings in PG&E by 31.4% in the third quarter. Van ECK Associates Corp now owns 1,822,956 shares of the utilities provider’s stock valued at $37,516,000 after purchasing an additional 435,170 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PCG shares. BMO Capital Markets upped their target price on PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Mizuho upped their target price on PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Barclays lowered their target price on PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $22.00 target price on shares of PG&E in a report on Wednesday, February 12th. Finally, UBS Group lowered their target price on PG&E from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, PG&E has an average rating of “Moderate Buy” and an average price target of $22.23.

PG&E Stock Up 0.5 %

Shares of NYSE:PCG opened at $16.42 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. PG&E Co. has a 52-week low of $14.99 and a 52-week high of $21.72. The stock’s fifty day simple moving average is $17.07 and its 200-day simple moving average is $19.03. The company has a market capitalization of $43.86 billion, a P/E ratio of 14.28, a P/E/G ratio of 1.09 and a beta of 0.99.

PG&E (NYSE:PCG) last released its earnings results on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. PG&E had a return on equity of 10.94% and a net margin of 10.27%. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the prior year, the business posted $0.47 earnings per share. As a group, equities research analysts forecast that PG&E Co. will post 1.49 earnings per share for the current fiscal year.

PG&E Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.10 annualized dividend and a yield of 0.61%. PG&E’s dividend payout ratio (DPR) is presently 8.70%.

Insider Buying and Selling

In other PG&E news, Director Arno Lockheart Harris bought 6,389 shares of PG&E stock in a transaction that occurred on 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 owns 14,864 shares of the company’s stock, valued at $232,770.24. This represents a 75.39 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by company 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.