Siemens Fonds Invest GmbH Sells 14,835 Shares of PG&E Co. (NYSE:PCG)

Siemens Fonds Invest GmbH decreased its stake in shares of PG&E Co. (NYSE:PCG) by 67.3% in the 4th quarter, Holdings Channel reports. The fund owned 7,202 shares of the utilities provider’s stock after selling 14,835 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in PG&E were worth $145,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Colonial Trust Co SC increased its position in shares of PG&E by 563.0% during the fourth quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 1,627 shares in the last quarter. UMB Bank n.a. increased its position in shares of PG&E by 61.5% during the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock worth $80,000 after acquiring an additional 1,506 shares in the last quarter. Optiver Holding B.V. increased its position in shares of PG&E by 23.9% during the fourth quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 825 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of PG&E by 746.0% during the fourth quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 4,819 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in shares of PG&E during the fourth quarter worth $111,000. Institutional investors own 78.56% of the company’s stock.

PG&E Stock Performance

Shares of PCG opened at $17.85 on Monday. The firm has a 50-day moving average of $17.00 and a 200-day moving average of $17.91. PG&E Co. has a one year low of $14.99 and a one year high of $21.72. The company has a market cap of $47.76 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.09 and a beta of 0.63. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.05 and a quick ratio of 1.00.

PG&E (NYSE:PCG) last announced its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). PG&E had a net margin of 10.27% and a return on equity of 10.94%. The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $6.23 billion. During the same period last year, the business earned $0.37 EPS. The business’s revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Monday, March 31st. PG&E’s dividend payout ratio (DPR) is presently 9.17%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PCG. Barclays lowered their price objective on shares of PG&E from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Morgan Stanley restated an “underweight” rating on shares of PG&E in a report on Wednesday, April 23rd. Guggenheim increased their target price on shares of PG&E from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. UBS Group cut shares of PG&E from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $22.00 to $19.00 in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $22.00 target price on shares of PG&E in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.13.

Insider Activity

In other news, EVP Carla J. Peterman sold 32,519 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $17.30, for a total transaction of $562,578.70. Following the completion of the sale, the executive vice president now owns 151,116 shares in the company, valued at approximately $2,614,306.80. This trade represents a 17.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Arno Lockheart Harris bought 6,389 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were bought at an average price of $15.66 per share, with a total value of $100,051.74. Following the purchase, the director now owns 14,864 shares in the company, valued at $232,770.24. The trade was a 75.39% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

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.