Pacific Gas & Electric Co. (NYSE:PCG) announced a quarterly dividend on Wednesday, September 21st. Investors of record on Friday, September 30th will be given a dividend of 0.49 per share on Saturday, October 15th. This represents a $1.96 annualized dividend and a yield of 3.13%.

Several hedge funds and other institutional investors have recently made changes to their positions in PCG. Paloma Partners Management Co increased its position in shares of Pacific Gas & Electric Co. by 818.0% in the second quarter. Paloma Partners Management Co now owns 89,739 shares of the company’s stock valued at $5,737,000 after buying an additional 79,963 shares during the last quarter. Janus Capital Management LLC increased its position in shares of Pacific Gas & Electric Co. by 25.2% in the second quarter. Janus Capital Management LLC now owns 1,575,089 shares of the company’s stock valued at $100,679,000 after buying an additional 317,017 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of Pacific Gas & Electric Co. by 2.3% in the second quarter. Lord Abbett & CO. LLC now owns 568,252 shares of the company’s stock valued at $36,323,000 after buying an additional 12,563 shares during the last quarter. Rhumbline Advisers increased its position in shares of Pacific Gas & Electric Co. by 8.8% in the second quarter. Rhumbline Advisers now owns 719,905 shares of the company’s stock valued at $46,016,000 after buying an additional 58,162 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. increased its position in shares of Pacific Gas & Electric Co. by 1.3% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,547 shares of the company’s stock valued at $227,000 after buying an additional 45 shares during the last quarter. 79.33% of the stock is owned by institutional investors and hedge funds.

PCG has been the subject of several analyst reports. Mizuho reissued a “buy” rating and issued a $64.00 target price (up from $56.00) on shares of Pacific Gas & Electric Co. in a report on Tuesday, May 24th. Argus reissued a “buy” rating and issued a $79.00 target price (up from $74.00) on shares of Pacific Gas & Electric Co. in a report on Monday, July 25th. Zacks Investment Research raised shares of Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Tuesday, July 12th. Jefferies Group reduced their target price on shares of Pacific Gas & Electric Co. from $71.50 to $70.00 and set a “buy” rating for the company in a report on Monday, August 29th. Finally, Citigroup Inc. reissued a “hold” rating and issued a $64.00 target price (up from $54.00) on shares of Pacific Gas & Electric Co. in a report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $66.08.

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Shares of Pacific Gas & Electric Co. (NYSE:PCG) traded up 0.08% during mid-day trading on Wednesday, reaching $62.60. The company had a trading volume of 1,096,995 shares. Pacific Gas & Electric Co. has a 1-year low of $50.65 and a 1-year high of $65.43. The company has a market capitalization of $31.21 billion, a PE ratio of 41.21 and a beta of 0.20. The stock’s 50-day moving average price is $63.06 and its 200 day moving average price is $61.16.

Pacific Gas & Electric Co. (NYSE:PCG) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by $0.26. Pacific Gas & Electric Co. had a net margin of 4.51% and a return on equity of 8.27%. The company earned $4.17 billion during the quarter, compared to analyst estimates of $4.59 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. Equities analysts expect that Pacific Gas & Electric Co. will post $3.72 EPS for the current year.

Pacific Gas & Electric Co. Company Profile

PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility). The Utility’s operations include sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial and agricultural customers.

5 Day Chart for NYSE:PCG

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