<div id="readability-page-1"><p>Ceredex Value Advisors LLC trimmed its position in  PG&amp;E Co. (NYSE:PCG - Free Report) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The firm owned 1,763,000 shares of the utilities provider's stock after selling 115,700 shares during the period. Ceredex Value Advisors LLC owned 0.07% of PG&amp;E worth $34,872,000 at the end of the most recent reporting period.</p><ul><li>AI Boom and Rate Cuts Boost Utility Stocks: Best Growth Picks</li></ul><p>Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of  PG&amp;E by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 282,332,215 shares of the utilities provider's stock worth $4,731,888,000 after acquiring an additional 5,635,693 shares in the last quarter.  JPMorgan Chase &amp; Co. grew its holdings in  PG&amp;E by 1.8% in the first quarter. JPMorgan Chase &amp; Co. now owns 126,126,581 shares of the utilities provider's stock worth $2,113,882,000 after purchasing an additional 2,176,931 shares during the period.  Capital International Investors increased its stake in shares of  PG&amp;E by 4.4% during the first quarter. Capital International Investors now owns 121,159,974 shares of the utilities provider's stock valued at $2,030,641,000 after purchasing an additional 5,066,183 shares in the last quarter.  King Street Capital Management L.P. bought a new stake in shares of  PG&amp;E in the 2nd quarter worth approximately $1,964,250,000.  Finally, Massachusetts Financial Services Co. MA boosted its position in shares of  PG&amp;E by 17.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 101,910,190 shares of the utilities provider's stock worth $1,779,352,000 after purchasing an additional 14,998,472 shares in the last quarter. Institutional investors own  78.56% of the company's stock. </p><h2>Insider Buying and Selling</h2><p>In other news, VP Stephanie N. Williams sold 38,601 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.32, for a total value of $707,170.32. Following the transaction, the vice president now owns 19,114 shares of the company's stock, valued at $350,168.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by insiders. </p><h2>PG&amp;E Trading Down 0.9 %</h2><ul><li>3 Defensive Stock Alternatives to Bonds If Interest Rates Drop</li></ul><p>PG&amp;E stock opened at $20.04 on Friday. The business has a 50-day simple moving average of $19.92 and a two-hundred day simple moving average of $18.60. PG&amp;E Co. has a 52-week low of $15.94 and a 52-week high of $20.93. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 1.99. The company has a market cap of $52.41 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.54 and a beta of 1.01. </p><h2>PG&amp;E Dividend Announcement</h2><p>The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.20%. The ex-dividend date  was Monday, September 30th. PG&amp;E's dividend payout ratio  is presently 3.42%. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Procter's Earnings Start To Show Weakness In Q4</li></ul><p>A number of research analysts have issued reports on the company. UBS Group lifted their price objective on PG&amp;E from $24.00 to $26.00 and gave the company a &#34;buy&#34; rating in a research note on Tuesday, September 3rd. Wells Fargo &amp; Company increased their price objective on shares of PG&amp;E from $21.00 to $22.00 and gave the company an &#34;overweight&#34; rating in a research report on Friday, July 26th. Jefferies Financial Group initiated coverage on shares of PG&amp;E in a report on Monday, October 14th. They issued a &#34;buy&#34; rating and a $24.00 target price for the company. Morgan Stanley increased their price target on shares of PG&amp;E from $19.00 to $20.00 and gave the company an &#34;equal weight&#34; rating in a report on Wednesday, September 25th. Finally, Bank of America started coverage on shares of PG&amp;E in a research report on Thursday, September 12th. They set a &#34;buy&#34; rating and a $24.00 price target for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, PG&amp;E  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $22.80.</p><p><b>View Our Latest Analysis on PCG</b></p><h2>PG&amp;E Profile</h2> (Free Report)<p>PG&amp;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.</p><h2>See Also</h2><ul><li>Five stocks we like better than PG&amp;E</li><li>What Are Dividend Achievers? An Introduction</li><li>Battle of the Retailers: Who Comes Out on Top?</li><li>Do ETFs Pay Dividends? What You Need to Know</li><li>HCA Healthcare: Temporary Setbacks, Long-Term Strength</li><li>Retail Stocks Investing, Explained</li><li>MarketBeat Week in Review – 10/28 - 11/1</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBDRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBDRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Ex WH Advisor Who Predicted Biden Leaving Race Makes Startling New Prediction <span><span>(From Paradigm Press)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD0xMDE1MQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD0xMDE1MQ"/></p><h2>Should you invest $1,000 in PG&amp;E right now?</h2><p>Before you consider PG&amp;E, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PG&amp;E wasn't on the list.</p><p>While PG&amp;E currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Ceredex Value Advisors LLC reduced its stake in PG&E Co. (NYSE:PCG) by 6.2%, selling 115,700 shares during Q3, now holding 1,763,000 shares. Other institutional investors, including Vanguard and JPMorgan, have also adjusted their positions. PG&E's stock opened at $10.04, with a market cap of $41.41 billion and a P/E ratio of 17.13. The company declared a quarterly dividend of $0.01 per share. Analysts have a consensus rating of "Moderate Buy" with a target price increase from various firms.</p>

Ceredex Value Advisors LLC Sells 115,700 Shares of PG&E Co. (NYSE:PCG)