Carla J. Peterman Sells 32,521 Shares of PG&E Co. (NYSE:PCG) Stock

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

PG&E Trading Up 1.6 %

NYSE PCG opened at $16.41 on Thursday. PG&E Co. has a one year low of $14.99 and a one year high of $21.72. 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 company has a market capitalization of $43.82 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. The company’s 50-day simple moving average is $16.92 and its two-hundred day simple moving average is $18.99.

PG&E (NYSE:PCG) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $7.29 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. During the same period last year, the firm earned $0.47 earnings per share. Equities analysts forecast that PG&E Co. will post 1.49 EPS for the current fiscal year.

PG&E Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Monday, March 31st. PG&E’s payout ratio is 8.70%.

Institutional Investors Weigh In On PG&E

Institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its holdings in PG&E by 68.3% in the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 626 shares in the last quarter. Commerce Bank raised 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 acquiring an additional 712 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its position in PG&E by 4.6% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider’s stock valued at $330,000 after acquiring an additional 715 shares during the last quarter. Continuum Advisory LLC lifted its position in PG&E by 11.4% during the third quarter. Continuum Advisory LLC now owns 7,501 shares of the utilities provider’s stock valued at $157,000 after acquiring an additional 769 shares during the last quarter. Finally, Level Four Advisory Services LLC boosted its stake in PG&E by 7.5% in the fourth quarter. Level Four Advisory Services LLC now owns 11,066 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 772 shares in the last quarter. Institutional investors own 78.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Mizuho increased their price target on PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. UBS Group reduced their target price on PG&E from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $22.00 target price 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 cut their price target for the stock from $20.00 to $16.50 in a report on Friday, February 14th. Finally, BMO Capital Markets lifted their price objective on shares of PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. One equities 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 stock. According to MarketBeat.com, PG&E presently has an average rating of “Moderate Buy” and a consensus price target of $22.23.

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.