Xponance Inc. Has $6.49 Million Stock Position in PG&E Co. (NYSE:PCG)

Xponance Inc. decreased its position in PG&E Co. (NYSE:PCG) by 23.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 321,767 shares of the utilities provider’s stock after selling 99,355 shares during the period. Xponance Inc.’s holdings in PG&E were worth $6,493,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc grew its holdings in shares of PG&E by 68.3% in the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock valued at $31,000 after buying an additional 626 shares during the period. UMB Bank n.a. grew its holdings in shares of PG&E by 61.5% in the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock valued at $80,000 after buying an additional 1,506 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of PG&E by 746.0% in the 4th quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider’s stock valued at $110,000 after buying an additional 4,819 shares during the period. Sierra Ocean LLC acquired a new position in shares of PG&E in the 4th quarter valued at $111,000. Finally, Brooklyn Investment Group bought a new stake in PG&E in the 3rd quarter valued at $115,000. Institutional investors and hedge funds own 78.56% of the company’s stock.

Insider Activity

In other news, EVP Carla J. Peterman sold 32,521 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $16.37, for a total value of $532,368.77. Following the sale, the executive vice president now directly owns 183,635 shares of the company’s stock, valued at approximately $3,006,104.95. This represents a 15.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arno Lockheart Harris bought 6,389 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was purchased at an average cost 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 in the company, valued at $232,770.24. This trade 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 insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PCG shares. Mizuho boosted their price objective on shares of PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. BMO Capital Markets boosted their price objective on shares of PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Guggenheim cut shares of PG&E from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 18th. Barclays cut their price objective on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, UBS Group cut shares of PG&E from a “buy” rating to a “neutral” rating and cut their price objective for the company from $22.00 to $19.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.95.

PG&E Trading Down 0.5 %

Shares of NYSE:PCG opened at $17.11 on Thursday. The company’s 50-day moving average price is $16.21 and its two-hundred day moving average price is $18.82. 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 Co. has a one year low of $14.99 and a one year high of $21.72. The stock has a market capitalization of $45.72 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.09 and a beta of 1.04.

PG&E (NYSE:PCG) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $7.29 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. During the same period in the previous year, the firm posted $0.47 EPS. On average, equities analysts forecast that PG&E Co. will post 1.49 EPS for the current fiscal year.

PG&E Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.025 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.58%. PG&E’s payout ratio is 8.70%.

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.