PG&E Co. (NYSE:PCG) CEO Sells $1,007,720.00 in Stock

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 stock was sold at an average price of $17.08, for a total value 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 approximately $25,889,471.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

PG&E Trading Up 0.2 %

PCG stock opened at $17.57 on Friday. The business has a fifty day moving average price of $16.65 and a 200 day moving average price of $16.94. PG&E Co. has a fifty-two week low of $14.71 and a fifty-two week high of $18.32. The stock has a market capitalization of $37.55 billion, a price-to-earnings ratio of 15.69 and a beta of 1.26. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.99 and a quick ratio of 0.93.

PG&E (NYSE:PCG) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. PG&E had a return on equity of 11.32% and a net margin of 10.05%. The firm had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same period last year, the firm posted $0.29 EPS. The business’s revenue was down 5.6% on a year-over-year basis. Analysts expect that PG&E Co. will post 1.35 EPS for the current fiscal year.

PG&E Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On PG&E

Hedge funds and other institutional investors have recently made changes to their positions in the company. Planned Solutions Inc. acquired a new stake in shares of PG&E in the 4th quarter valued at $37,000. Vima LLC acquired a new stake in shares of PG&E in the 4th quarter valued at $41,000. CVA Family Office LLC acquired a new stake in shares of PG&E in the 4th quarter valued at $43,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of PG&E in the 4th quarter valued at $47,000. Finally, Millburn Ridgefield Corp acquired a new stake in shares of PG&E in the 3rd quarter valued at $44,000. 78.56% of the stock is owned by institutional investors and hedge funds.

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.