10,169 Shares in PG&E Co. (NYSE:PCG) Bought by D.A. Davidson & CO.

D.A. Davidson & CO. acquired a new position in shares of PG&E Co. (NYSE:PCG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,169 shares of the utilities provider’s stock, valued at approximately $205,000.

A number of other large investors have also recently bought and sold shares of PCG. FMR LLC raised its position in shares of PG&E by 5.1% in the 3rd quarter. FMR LLC now owns 176,839,426 shares of the utilities provider’s stock valued at $3,496,115,000 after buying an additional 8,604,396 shares in the last quarter. State Street Corp raised its position in PG&E by 5.0% during the third quarter. State Street Corp now owns 108,953,808 shares of the utilities provider’s stock valued at $2,155,093,000 after purchasing an additional 5,191,463 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in PG&E by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 104,846,953 shares of the utilities provider’s stock worth $2,072,824,000 after purchasing an additional 2,936,763 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of PG&E by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 49,837,059 shares of the utilities provider’s stock valued at $981,960,000 after purchasing an additional 536,914 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of PG&E by 6.4% in the 3rd quarter. Wellington Management Group LLP now owns 30,255,039 shares of the utilities provider’s stock valued at $598,142,000 after purchasing an additional 1,822,835 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PCG shares. JPMorgan Chase & Co. restated an “overweight” rating and set a $22.00 price objective on shares of PG&E in a research report on Wednesday, February 12th. Morgan Stanley cut shares of PG&E from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $20.00 to $16.50 in a report on Friday, February 14th. Mizuho lifted their price target on shares of PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. UBS Group lowered their price objective on shares of PG&E from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Finally, Barclays cut their target price on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, PG&E currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.23.

PG&E Stock Down 0.6 %

PCG opened at $15.95 on Friday. 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 $17.29 and its two-hundred day moving average price is $19.07. The stock has a market cap of $42.59 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.09 and a beta of 0.99. 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 (NYSE:PCG) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. PG&E had a return on equity of 10.94% and a net margin of 10.27%. The business had revenue of $6.63 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the company earned $0.47 earnings per share. As a group, equities analysts expect that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Monday, March 31st. PG&E’s dividend payout ratio is currently 8.70%.

Insiders Place Their Bets

In other news, CEO Patricia K. Poppe sold 55,555 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $20.66, for a total transaction of $1,147,766.30. Following the sale, the chief executive officer now directly owns 1,460,222 shares in the company, valued at $30,168,186.52. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Arno Lockheart Harris acquired 6,389 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of $15.66 per share, with a total value of $100,051.74. Following the purchase, the director now directly owns 14,864 shares of the company’s stock, valued at $232,770.24. This trade represents a 75.39 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.

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.