PG&E Co. (NYSE:PCG) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. decreased its holdings in PG&E Co. (NYSE:PCG) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 777,200 shares of the utilities provider’s stock after selling 19,200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in PG&E were worth $15,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PCG. King Street Capital Management L.P. acquired a new stake in PG&E during the second quarter worth approximately $1,964,250,000. Massachusetts Financial Services Co. MA boosted its position in PG&E by 17.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 101,910,190 shares of the utilities provider’s stock worth $1,779,352,000 after purchasing an additional 14,998,472 shares in the last quarter. Vanguard Group Inc. increased its holdings in PG&E by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 282,332,215 shares of the utilities provider’s stock valued at $4,731,888,000 after acquiring an additional 5,635,693 shares in the last quarter. Capital International Investors raised its position in shares of PG&E by 4.4% during the 1st quarter. Capital International Investors now owns 121,159,974 shares of the utilities provider’s stock worth $2,030,641,000 after purchasing an additional 5,066,183 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC purchased a new stake in shares of PG&E in the first quarter valued at $57,200,000. Hedge funds and other institutional investors own 78.56% of the company’s stock.

PG&E Price Performance

Shares of PG&E stock opened at $19.95 on Tuesday. PG&E Co. has a fifty-two week low of $15.94 and a fifty-two week high of $20.93. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.90 and a quick ratio of 0.86. The company has a market cap of $52.17 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03. The firm has a fifty day moving average price of $19.94 and a two-hundred day moving average price of $18.66.

PG&E Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.20%. PG&E’s dividend payout ratio is currently 3.42%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Jefferies Financial Group assumed coverage on PG&E in a research note on Monday, October 14th. They issued a “buy” rating and a $24.00 target price for the company. Wells Fargo & Company raised their price objective on PG&E from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. UBS Group raised their price target on shares of PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Morgan Stanley upped their target price on PG&E from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Barclays lifted their price target on PG&E from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, PG&E presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.80.

Insider Activity at PG&E

In other PG&E news, VP Stephanie N. Williams sold 38,601 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $18.32, for a total transaction of $707,170.32. Following the sale, the vice president now owns 19,114 shares of the company’s stock, valued at $350,168.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.15% of the stock is currently owned by insiders.

PG&E Profile

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.