SG Americas Securities LLC Has $1.90 Million Position in PG&E Co. (NYSE:PCG)

SG Americas Securities LLC lowered its position in PG&E Co. (NYSE:PCGFree Report) by 72.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,925 shares of the utilities provider’s stock after selling 241,497 shares during the quarter. SG Americas Securities LLC’s holdings in PG&E were worth $1,895,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of PG&E by 5.1% during the 3rd quarter. FMR LLC now owns 176,839,426 shares of the utilities provider’s stock worth $3,496,115,000 after buying an additional 8,604,396 shares during the last quarter. State Street Corp raised its stake in PG&E by 5.0% in the 3rd quarter. State Street Corp now owns 108,953,808 shares of the utilities provider’s stock worth $2,155,093,000 after purchasing an additional 5,191,463 shares in the last quarter. Brookfield Corp ON raised its stake in PG&E by 45.6% in the 3rd quarter. Brookfield Corp ON now owns 12,643,085 shares of the utilities provider’s stock worth $249,954,000 after purchasing an additional 3,958,495 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in PG&E in the 2nd quarter worth about $56,679,000. Finally, Massachusetts Financial Services Co. MA raised its stake in PG&E by 2.9% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PCG. UBS Group dropped their price objective on shares of PG&E from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. BMO Capital Markets began coverage on shares of PG&E in a research note on Monday, January 13th. They issued an “outperform” rating and a $21.00 price objective for the company. Barclays dropped their price objective on shares of PG&E from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Mizuho lifted their price objective 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. Finally, Jefferies Financial Group initiated coverage on shares of PG&E in a report on Monday, October 14th. They issued a “buy” rating and a $24.00 target price on the stock. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.64.

View Our Latest Stock Analysis on PG&E

Insider Buying and Selling

In other news, CEO Patricia K. Poppe sold 55,555 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $20.66, for a total value of $1,147,766.30. Following the transaction, the chief executive officer now owns 1,460,222 shares in the company, valued at approximately $30,168,186.52. The trade was a 3.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.15% of the stock is owned by corporate insiders.

PG&E Stock Up 1.7 %

NYSE:PCG opened at $16.52 on Monday. The firm’s 50 day simple moving average is $19.55 and its 200 day simple moving average is $19.46. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.04 and a quick ratio of 0.99. PG&E Co. has a one year low of $15.94 and a one year high of $21.72. The company has a market cap of $43.19 billion, a PE ratio of 12.90, a P/E/G ratio of 1.15 and a beta of 0.98.

PG&E (NYSE:PCGGet Free Report) last posted its earnings results on Thursday, November 7th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. PG&E had a net margin of 11.11% and a return on equity of 12.51%. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same period last year, the company earned $0.24 EPS. The firm’s revenue was up .9% compared to the same quarter last year. On average, research analysts anticipate that PG&E Co. will post 1.36 earnings per share for the current year.

PG&E Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from PG&E’s previous quarterly dividend of $0.01. This represents a $0.10 annualized dividend and a yield of 0.61%. PG&E’s dividend payout ratio (DPR) is currently 7.81%.

PG&E Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PG&E (NYSE:PCG)

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