PG&E Co. (NYSE:PCG) Shares Purchased by TCW Group Inc.

TCW Group Inc. boosted its holdings in PG&E Co. (NYSE:PCG) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,737 shares of the utilities provider’s stock after acquiring an additional 1,525 shares during the period. TCW Group Inc.’s holdings in PG&E were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its stake in 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 acquiring an additional 626 shares during the last quarter. Commerce Bank boosted its stake in shares of PG&E by 1.5% during the 3rd quarter. Commerce Bank now owns 47,051 shares of the utilities provider’s stock worth $930,000 after purchasing an additional 712 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its stake in shares of PG&E by 4.6% during 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 last quarter. Continuum Advisory LLC boosted its stake in shares of PG&E by 11.4% during 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 last quarter. Finally, iA Global Asset Management Inc. boosted its stake in shares of PG&E by 2.6% during the 3rd quarter. iA Global Asset Management Inc. now owns 31,545 shares of the utilities provider’s stock worth $624,000 after purchasing an additional 812 shares during the last quarter. 78.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PCG has been the topic of several analyst reports. Guggenheim cut shares of PG&E from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $22.00 price target on shares of PG&E in a research note on Wednesday, February 12th. Morgan Stanley cut shares of 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. UBS Group decreased their price target on shares of PG&E from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, Mizuho raised their price target on shares of PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.23.

Insider Activity at PG&E

In other PG&E news, Director Arno Lockheart Harris purchased 6,389 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the acquisition, the director now owns 14,864 shares of the company’s stock, valued at approximately $232,770.24. This represents a 75.39 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patricia K. Poppe sold 55,555 shares of PG&E stock in a transaction that occurred on Monday, December 2nd. The shares were 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 owns 1,460,222 shares in the company, valued at $30,168,186.52. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

PG&E Trading Up 0.3 %

NYSE PCG opened at $16.05 on Tuesday. PG&E Co. has a one year low of $14.99 and a one year high of $21.72. The company’s 50 day moving average price is $17.42 and its 200 day moving average price is $19.10. 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 firm has a market capitalization of $42.86 billion, a price-to-earnings ratio of 13.95, a PEG 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 EPS for the quarter, meeting the consensus estimate of $0.31. PG&E had a net margin of 10.27% and a return on equity of 10.94%. The firm had revenue of $6.63 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the firm posted $0.47 earnings per share. On average, sell-side analysts predict that PG&E Co. will post 1.49 EPS for the current year.

PG&E Announces Dividend

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

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.