PG&E Co. (NYSE:PCG) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lowered its holdings in shares of PG&E Co. (NYSE:PCG) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,849,700 shares of the utilities provider’s stock after selling 196,000 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.11% of PG&E worth $51,380,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of PG&E by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 268,407,694 shares of the utilities provider’s stock worth $4,329,416,000 after purchasing an additional 21,731,911 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in PG&E by 27.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 83,522,320 shares of the utilities provider’s stock valued at $1,347,215,000 after buying an additional 18,180,432 shares in the last quarter. FMR LLC lifted its holdings in PG&E by 2.4% in the 3rd quarter. FMR LLC now owns 176,029,931 shares of the utilities provider’s stock worth $2,839,363,000 after purchasing an additional 4,044,631 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of PG&E by 21.7% during the 3rd quarter. Northern Trust Corp now owns 18,270,915 shares of the utilities provider’s stock worth $294,710,000 after buying an additional 3,258,363 shares during the period. Finally, Invesco Ltd. boosted its holdings in PG&E by 26.5% during the third quarter. Invesco Ltd. now owns 13,912,718 shares of the utilities provider’s stock valued at $224,412,000 after acquiring an additional 2,916,407 shares during the period. Institutional investors and hedge funds own 78.56% of the company’s stock.

PG&E Price Performance

Shares of PCG traded down $0.09 during mid-day trading on Tuesday, reaching $17.17. The company had a trading volume of 2,466,630 shares, compared to its average volume of 15,386,443. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.99 and a quick ratio of 0.93. The company has a market capitalization of $36.69 billion, a P/E ratio of 15.41 and a beta of 1.32. PG&E Co. has a twelve month low of $14.71 and a twelve month high of $18.32. The company’s 50-day moving average is $16.60 and its 200-day moving average is $16.91.

PG&E (NYSE:PCG) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $6.60 billion. PG&E had a net margin of 10.05% and a return on equity of 11.32%. The company’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. On average, equities analysts anticipate that PG&E Co. will post 1.35 EPS for the current year.

PG&E Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.23%. PG&E’s payout ratio is 3.57%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com upgraded PG&E from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Barclays increased their target price on shares of PG&E from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on PG&E from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Finally, The Goldman Sachs Group initiated coverage on PG&E in a research report on Wednesday, April 10th. They issued a “buy” rating and a $21.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $19.11.

PG&E Profile

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.