PG&E Co. (NYSE:PCG) CEO Patricia K. Poppe Sells 59,000 Shares

PG&E Co. (NYSE:PCG) CEO Patricia K. Poppe sold 59,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $17.08, for a total transaction of $1,007,720.00. Following the completion of the sale, the chief executive officer now owns 1,515,777 shares of the company’s stock, valued at $25,889,471.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

PG&E Trading Up 1.7 %

Shares of PG&E stock opened at $17.40 on Thursday. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.99 and a quick ratio of 0.93. The firm has a fifty day moving average price of $16.62 and a 200 day moving average price of $16.92. PG&E Co. has a 1 year low of $14.71 and a 1 year high of $18.32. The stock has a market cap of $37.18 billion, a PE ratio of 15.54 and a beta of 1.26.

PG&E (NYSE:PCG) last issued its earnings results on Thursday, April 25th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. PG&E had a net margin of 10.05% and a return on equity of 11.32%. The firm had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter last year, the company posted $0.29 earnings per share. The firm’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 year.

PG&E Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. PG&E’s payout ratio is 3.57%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in PG&E by 9.9% in the first quarter. Janney Montgomery Scott LLC now owns 65,702 shares of the utilities provider’s stock valued at $1,101,000 after buying an additional 5,914 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in PG&E in the first quarter valued at $1,109,000. Norden Group LLC increased its holdings in PG&E by 73.0% in the first quarter. Norden Group LLC now owns 40,140 shares of the utilities provider’s stock valued at $673,000 after buying an additional 16,937 shares in the last quarter. Van ECK Associates Corp increased its holdings in PG&E by 0.4% in the first quarter. Van ECK Associates Corp now owns 1,122,092 shares of the utilities provider’s stock valued at $18,807,000 after buying an additional 4,866 shares in the last quarter. Finally, Caprock Group LLC increased its holdings in PG&E by 18.3% in the first quarter. Caprock Group LLC now owns 24,255 shares of the utilities provider’s stock valued at $407,000 after buying an additional 3,759 shares in the last quarter. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Analysts Set New Price Targets

PCG has been the subject of several recent analyst reports. Barclays raised their target price on shares of PG&E from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. The Goldman Sachs Group assumed coverage on shares of PG&E in a report on Wednesday, April 10th. They issued a “buy” rating and a $21.00 price target for the company. StockNews.com raised shares of PG&E from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of PG&E from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, PG&E presently has a consensus rating of “Moderate Buy” and an average target price of $19.11.

PG&E Company Profile

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.