Pacific Gas & Electric Co. (NYSE:PCG) has received an average rating of “Buy” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $69.13.

A number of analysts have weighed in on the stock. ValuEngine raised shares of Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub raised shares of Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Royal Bank Of Canada reissued a “buy” rating and set a $70.00 target price on shares of Pacific Gas & Electric Co. in a research report on Tuesday, August 15th. Jefferies Group LLC reissued a “buy” rating and set a $76.00 target price on shares of Pacific Gas & Electric Co. in a research report on Sunday, July 30th. Finally, BMO Capital Markets reissued a “hold” rating and set a $69.00 target price on shares of Pacific Gas & Electric Co. in a research report on Thursday, July 13th.

Pacific Gas & Electric Co. (PCG) traded up 0.47% on Friday, reaching $70.64. 1,383,253 shares of the company traded hands. Pacific Gas & Electric Co. has a one year low of $57.60 and a one year high of $70.77. The stock has a market capitalization of $36.23 billion, a PE ratio of 17.42 and a beta of 0.22. The firm has a 50 day moving average of $69.14 and a 200-day moving average of $67.44.

Pacific Gas & Electric Co. (NYSE:PCG) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.34 billion. Pacific Gas & Electric Co. had a net margin of 11.48% and a return on equity of 11.63%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, analysts anticipate that Pacific Gas & Electric Co. will post $3.68 EPS for the current year.

In other news, Director Roger H. Kimmel bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were bought at an average cost of $69.68 per share, for a total transaction of $278,720.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Nickolas Stavropoulos sold 1,101 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $69.43, for a total value of $76,442.43. Following the completion of the transaction, the chief operating officer now owns 63,661 shares in the company, valued at $4,419,983.23. The disclosure for this sale can be found here. Insiders have sold a total of 4,915 shares of company stock worth $340,377 over the last 90 days. Company insiders own 0.15% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Pacific Gas & Electric Co. by 1.1% in the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 116,722 shares of the utilities provider’s stock worth $7,745,000 after purchasing an additional 1,257 shares in the last quarter. Brookfield Asset Management Inc. lifted its holdings in shares of Pacific Gas & Electric Co. by 4.5% in the 1st quarter. Brookfield Asset Management Inc. now owns 3,353,119 shares of the utilities provider’s stock worth $222,513,000 after purchasing an additional 143,130 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Pacific Gas & Electric Co. by 7.0% in the 2nd quarter. Aperio Group LLC now owns 343,548 shares of the utilities provider’s stock worth $22,801,000 after purchasing an additional 22,524 shares in the last quarter. British Columbia Investment Management Corp lifted its holdings in shares of Pacific Gas & Electric Co. by 6.9% in the 1st quarter. British Columbia Investment Management Corp now owns 311,627 shares of the utilities provider’s stock worth $20,680,000 after purchasing an additional 20,145 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in shares of Pacific Gas & Electric Co. by 4.2% in the 1st quarter. Wedbush Securities Inc. now owns 4,209 shares of the utilities provider’s stock worth $279,000 after purchasing an additional 171 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

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About Pacific Gas & Electric Co.

PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central California. The Utility is engaged in the 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.

Analyst Recommendations for Pacific Gas & Electric Co. (NYSE:PCG)

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