Shares of PG&E Co. (NYSE:PCGU – Get Free Report) fell 1.4% on Friday . The company traded as low as $145.00 and last traded at $145.00. 557,100 shares changed hands during trading, an increase of 504% from the average session volume of 92,178 shares. The stock had previously closed at $147.00.
Analyst Upgrades and Downgrades
Separately, TheStreet upgraded shares of PG&E from a “d+” rating to a “c” rating in a research note on Thursday, July 6th.
PG&E Stock Down 1.4 %
PG&E Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 16th. Stockholders of record on Tuesday, August 15th were issued a $1.375 dividend. This represents a $5.50 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Monday, August 14th.
Institutional Investors Weigh In On PG&E
Large investors have recently modified their holdings of the company. Lazard Asset Management LLC acquired a new stake in shares of PG&E in the fourth quarter valued at approximately $49,000. Tower Research Capital LLC TRC acquired a new stake in shares of PG&E in the second quarter valued at approximately $122,000. UBS Group AG boosted its holdings in shares of PG&E by 70.2% in the fourth quarter. UBS Group AG now owns 1,295 shares of the company’s stock valued at $187,000 after acquiring an additional 534 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of PG&E in the second quarter valued at approximately $215,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of PG&E in the second quarter valued at approximately $246,000.
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.
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