PG&E Co. (NYSE:PCG) EVP Sells $532,368.77 in Stock

PG&E Co. (NYSE:PCG) EVP Carla J. Peterman sold 32,521 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $16.37, for a total value of $532,368.77. Following the transaction, the executive vice president now owns 183,635 shares of the company’s stock, valued at $3,006,104.95. This represents a 15.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PG&E Stock Down 1.7 %

PCG stock traded down $0.29 on Tuesday, hitting $16.15. 14,520,890 shares of the company’s stock were exchanged, compared to its average volume of 15,055,290. PG&E Co. has a 12-month low of $14.99 and a 12-month high of $21.72. The firm has a 50 day moving average price of $17.07 and a two-hundred day moving average price of $19.03. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. The stock has a market cap of $43.13 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99.

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

PG&E Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.025 per share. The ex-dividend date is Monday, March 31st. This represents a $0.10 annualized dividend and a yield of 0.62%. PG&E’s payout ratio is presently 8.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PCG. UBS Group dropped their target price on PG&E from $24.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Mizuho lifted their target price on PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Guggenheim lowered PG&E from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 18th. Morgan Stanley lowered PG&E from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $20.00 to $16.50 in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $22.00 price target on shares of PG&E in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, PG&E presently has an average rating of “Moderate Buy” and an average target price of $22.23.

Institutional Trading of PG&E

Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in shares of 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 buying an additional 626 shares during the period. Commerce Bank lifted its holdings in shares of PG&E by 1.5% in the 3rd quarter. Commerce Bank now owns 47,051 shares of the utilities provider’s stock valued at $930,000 after buying an additional 712 shares during the period. Baker Tilly Wealth Management LLC raised its holdings in PG&E by 4.6% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider’s stock worth $330,000 after purchasing an additional 715 shares during the period. Continuum Advisory LLC raised its holdings in PG&E by 11.4% in the 3rd quarter. Continuum Advisory LLC now owns 7,501 shares of the utilities provider’s stock worth $157,000 after purchasing an additional 769 shares during the period. Finally, Level Four Advisory Services LLC raised its holdings in PG&E by 7.5% in the 4th quarter. Level Four Advisory Services LLC now owns 11,066 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 772 shares during the period. Hedge funds and other institutional investors own 78.56% of the company’s stock.

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.