Sentry Investment Management LLC Has $197,000 Stock Position in PG&E Co. (NYSE:PCG)

Sentry Investment Management LLC decreased its stake in PG&E Co. (NYSE:PCG) by 9.7% during the 4th quarter, HoldingsChannel reports. The fund owned 10,945 shares of the utilities provider’s stock after selling 1,176 shares during the period. Sentry Investment Management LLC’s holdings in PG&E were worth $197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PCG. Clear Street Markets LLC bought a new stake in PG&E during the 4th quarter worth about $26,000. Quarry LP bought a new stake in PG&E during the 2nd quarter worth about $34,000. Toth Financial Advisory Corp bought a new stake in PG&E during the 3rd quarter worth about $35,000. Planned Solutions Inc. bought a new stake in PG&E during the 4th quarter worth about $37,000. Finally, AdvisorNet Financial Inc raised its holdings in PG&E by 470.6% during the 3rd quarter. AdvisorNet Financial Inc now owns 2,442 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 2,014 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

PG&E Stock Performance

Shares of PCG stock opened at $16.03 on Wednesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.83 and a quick ratio of 0.78. The stock has a market cap of $34.26 billion, a PE ratio of 15.27 and a beta of 1.32. The stock has a 50-day moving average of $16.51 and a 200-day moving average of $16.83. PG&E Co. has a one year low of $14.71 and a one year high of $18.32.

PG&E (NYSE:PCG) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. PG&E had a return on equity of 10.84% and a net margin of 9.24%. The business had revenue of $7.04 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same period in the prior year, the business earned $0.26 EPS. As a group, sell-side analysts expect that PG&E Co. will post 1.35 earnings per share for the current year.

PG&E Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.01 per share. 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 0.25%. PG&E’s payout ratio is 3.81%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PCG shares. Barclays dropped their price objective on PG&E from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, January 22nd. StockNews.com raised PG&E from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Finally, The Goldman Sachs Group initiated coverage on PG&E in a research note on Wednesday, April 10th. They issued a “buy” rating and a $21.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.78.

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.