Robeco Institutional Asset Management B.V. Sells 141,287 Shares of PG&E Co. (NYSE:PCG)

Robeco Institutional Asset Management B.V. reduced its holdings in PG&E Co. (NYSE:PCGFree Report) by 64.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,103 shares of the utilities provider’s stock after selling 141,287 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in PG&E were worth $1,426,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Quadrant Capital Group LLC grew its stake in shares of PG&E by 46.0% in the 4th quarter. Quadrant Capital Group LLC now owns 7,584 shares of the utilities provider’s stock worth $137,000 after buying an additional 2,391 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of PG&E by 3.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 59,788 shares of the utilities provider’s stock worth $1,078,000 after buying an additional 1,838 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of PG&E by 44.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 103,777 shares of the utilities provider’s stock worth $1,871,000 after buying an additional 31,744 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of PG&E by 11.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,075,708 shares of the utilities provider’s stock worth $37,300,000 after buying an additional 218,233 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of PG&E by 1.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 84,516,243 shares of the utilities provider’s stock worth $1,523,828,000 after buying an additional 993,923 shares in the last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Patricia K. Poppe sold 59,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were 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 in the company, valued at approximately $25,889,471.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.15% of the company’s stock.

PG&E Trading Down 1.0 %

Shares of PCG opened at $18.73 on Thursday. PG&E Co. has a 1-year low of $14.71 and a 1-year high of $18.95. The company has a 50-day moving average of $17.04 and a 200 day moving average of $17.11. The firm has a market capitalization of $53.93 billion, a price-to-earnings ratio of 16.72 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:PCGGet Free Report) last announced its quarterly earnings data 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 net margin of 10.05% and a return on equity of 11.32%. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter last year, the business posted $0.29 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, research analysts expect that PG&E Co. will post 1.35 EPS for the current year.

PG&E Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.01 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.21%. PG&E’s dividend payout ratio is currently 3.57%.

Wall Street Analyst Weigh In

PCG has been the subject of a number of recent research reports. The Goldman Sachs Group started coverage on shares of PG&E in a research note on Wednesday, April 10th. They issued a “buy” rating and a $21.00 price objective for the company. Barclays lifted their price target on shares of PG&E from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Mizuho lifted their price target on shares of PG&E from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. StockNews.com raised shares of PG&E from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of PG&E from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.44.

View Our Latest Report on PG&E

About PG&E

(Free Report)

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.

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Institutional Ownership by Quarter for PG&E (NYSE:PCG)

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