AEGON ASSET MANAGEMENT UK Plc Cuts Position in PG&E Co. (NYSE:PCG)

AEGON ASSET MANAGEMENT UK Plc decreased its position in PG&E Co. (NYSE:PCG) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 783,030 shares of the utilities provider’s stock after selling 59,318 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in PG&E were worth $15,817,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Czech National Bank lifted its position in PG&E by 8.9% in the fourth quarter. Czech National Bank now owns 474,013 shares of the utilities provider’s stock worth $9,566,000 after buying an additional 38,590 shares during the last quarter. State Street Corp increased its stake in PG&E by 5.0% in the third 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 during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of PG&E by 259.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 61,850 shares of the utilities provider’s stock worth $1,223,000 after purchasing an additional 44,650 shares during the last quarter. McElhenny Sheffield Capital Management LLC bought a new stake in PG&E during the 4th quarter valued at about $514,000. Finally, Scientech Research LLC purchased a new stake in PG&E in the 2nd quarter valued at about $1,122,000. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Patricia K. Poppe sold 55,555 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $20.66, for a total transaction of $1,147,766.30. Following the completion of the transaction, the chief executive officer now directly owns 1,460,222 shares of the company’s stock, valued at $30,168,186.52. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.15% of the company’s stock.

PG&E Stock Up 1.7 %

PG&E stock opened at $16.52 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.99 and a current ratio of 1.04. The firm has a 50 day moving average price of $19.55 and a 200 day moving average price of $19.43. PG&E Co. has a fifty-two week low of $15.94 and a fifty-two week high of $21.72. The company has a market capitalization of $43.19 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98.

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

PG&E Increases Dividend

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

Wall Street Analyst Weigh In

PCG has been the topic of several research reports. Barclays reduced their price objective on PG&E from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. UBS Group reduced their price target on PG&E from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Jefferies Financial Group initiated coverage on shares of PG&E in a research note on Monday, October 14th. They issued a “buy” rating and a $24.00 target price for the company. Mizuho lifted their price target on PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, BMO Capital Markets assumed coverage on shares of PG&E in a report on Monday, January 13th. They issued an “outperform” rating and a $21.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.64.

PG&E Profile

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.