BlueCrest Capital Management Ltd grew its position in PG&E Co. (NYSE:PCGU – Free Report) by 48.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,760 shares of the company’s stock after purchasing an additional 44,214 shares during the quarter. PG&E comprises approximately 0.6% of BlueCrest Capital Management Ltd’s investment portfolio, making the stock its 21st biggest position. BlueCrest Capital Management Ltd’s holdings in PG&E were worth $19,180,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in PG&E during the fourth quarter worth approximately $49,000. UBS Group AG grew its position in PG&E by 70.2% during the fourth quarter. UBS Group AG now owns 1,295 shares of the company’s stock worth $187,000 after buying an additional 534 shares in the last quarter. Bluefin Capital Management LLC acquired a new stake in PG&E during the first quarter worth approximately $1,139,000. Boothbay Fund Management LLC acquired a new stake in PG&E during the fourth quarter worth approximately $3,653,000. Finally, Skaana Management L.P. grew its position in PG&E by 5.4% during the fourth quarter. Skaana Management L.P. now owns 36,388 shares of the company’s stock worth $5,249,000 after buying an additional 1,863 shares in the last quarter.
Analyst Ratings Changes
Separately, TheStreet raised PG&E from a “d+” rating to a “c” rating in a research report on Thursday, July 6th.
PG&E Stock Down 1.4 %
Shares of PCGU stock opened at $145.00 on Tuesday. The stock’s fifty day moving average price is $149.64 and its two-hundred day moving average price is $146.61. PG&E Co. has a fifty-two week low of $108.37 and a fifty-two week high of $157.66.
PG&E Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Shareholders of record on Tuesday, August 15th were issued a $1.375 dividend. This represents a $5.50 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Monday, August 14th.
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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