Net Worth Advisory Group Sells 1,351 Shares of PG&E Co. (NYSE:PCG)

Net Worth Advisory Group lessened its stake in shares of PG&E Co. (NYSE:PCG) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,332 shares of the utilities provider’s stock after selling 1,351 shares during the quarter. Net Worth Advisory Group’s holdings in PG&E were worth $511,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PCG. Janney Montgomery Scott LLC lifted its position in shares of PG&E by 17.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 80,874 shares of the utilities provider’s stock worth $1,599,000 after buying an additional 12,092 shares during the period. Principal Financial Group Inc. increased its holdings in PG&E by 6.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,722,110 shares of the utilities provider’s stock valued at $53,816,000 after purchasing an additional 169,503 shares in the last quarter. Assetmark Inc. increased its holdings in PG&E by 35.9% during the 3rd quarter. Assetmark Inc. now owns 86,663 shares of the utilities provider’s stock valued at $1,713,000 after purchasing an additional 22,893 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in PG&E during the 3rd quarter valued at $203,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in PG&E by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,094,874 shares of the utilities provider’s stock valued at $100,726,000 after purchasing an additional 64,794 shares in the last quarter. Institutional investors own 78.56% of the company’s stock.

PG&E Stock Down 0.4 %

NYSE:PCG opened at $15.91 on Tuesday. PG&E Co. has a 12-month low of $14.99 and a 12-month high of $21.72. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $42.49 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.09 and a beta of 1.04. The stock’s fifty day simple moving average is $16.67 and its 200-day simple moving average is $18.94.

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

PG&E Dividend Announcement

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. The ex-dividend date is Monday, March 31st. This represents a $0.10 annualized dividend and a dividend yield of 0.63%. PG&E’s dividend payout ratio is currently 8.70%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PCG. Mizuho raised their price target on PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Morgan Stanley cut PG&E from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $20.00 to $16.50 in a report on Friday, February 14th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $22.00 price target on shares of PG&E in a report on Wednesday, February 12th. BMO Capital Markets raised their price target on PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, Guggenheim cut PG&E from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, PG&E has a consensus rating of “Moderate Buy” and an average price target of $22.23.

Insider Transactions at PG&E

In other PG&E news, EVP Carla J. Peterman sold 32,521 shares of PG&E 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 transaction, the executive vice president now directly owns 183,635 shares in the company, valued at approximately $3,006,104.95. The trade was a 15.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arno Lockheart Harris bought 6,389 shares of PG&E stock in a transaction on Thursday, February 20th. The shares were acquired at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the acquisition, the director now owns 14,864 shares of the company’s stock, valued at approximately $232,770.24. This represents a 75.39 % increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is owned by corporate insiders.

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.