PG&E Co. (NYSE:PCG - Get Free Report) CEO Patricia K. Poppe sold 59,000 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $17.08, for a total transaction of $1,007,720.00. Following the sale, the chief executive officer now owns 1,515,777 shares of the company's stock, valued at approximately $25,889,471.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
PG&E Stock Performance
Shares of PCG opened at $17.40 on Thursday. The company has a 50-day simple moving average of $16.62 and a 200-day simple moving average of $16.92. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $37.18 billion, a PE ratio of 15.54 and a beta of 1.26. PG&E Co. has a 52-week low of $14.71 and a 52-week high of $18.32.
PG&E (NYSE:PCG - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. PG&E had a net margin of 10.05% and a return on equity of 11.32%. The business had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter last year, the firm posted $0.29 EPS. The business's revenue was down 5.6% compared to the same quarter last year. Equities research analysts predict that PG&E Co. will post 1.35 earnings per share for the current fiscal year.
PG&E Announces Dividend
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The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 annualized dividend and a yield of 0.23%. PG&E's dividend payout ratio (DPR) is currently 3.57%.
Hedge Funds Weigh In On PG&E
Several hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its holdings in PG&E by 9.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 65,702 shares of the utilities provider's stock valued at $1,101,000 after acquiring an additional 5,914 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in PG&E during the 1st quarter valued at about $1,109,000. Norden Group LLC increased its holdings in PG&E by 73.0% during the 1st quarter. Norden Group LLC now owns 40,140 shares of the utilities provider's stock valued at $673,000 after acquiring an additional 16,937 shares in the last quarter. Van ECK Associates Corp increased its holdings in PG&E by 0.4% during the 1st quarter. Van ECK Associates Corp now owns 1,122,092 shares of the utilities provider's stock valued at $18,807,000 after acquiring an additional 4,866 shares in the last quarter. Finally, Caprock Group LLC increased its holdings in PG&E by 18.3% during the 1st quarter. Caprock Group LLC now owns 24,255 shares of the utilities provider's stock valued at $407,000 after acquiring an additional 3,759 shares in the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. StockNews.com upgraded shares of PG&E from a "sell" rating to a "hold" rating in a research report on Thursday, February 1st. Barclays upped their price objective on shares of PG&E from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, April 26th. The Goldman Sachs Group assumed coverage on shares of PG&E in a research report on Wednesday, April 10th. They set a "buy" rating and a $21.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of PG&E from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, PG&E has a consensus rating of "Moderate Buy" and a consensus target price of $19.11.
Check Out Our Latest Analysis on PCG
About PG&E
(
Get Free Report)
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.
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