Pacific Gas & Electric Co. (NYSE:PCG) had its price objective increased by Barclays PLC from $69.00 to $72.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Barclays PLC’s target price suggests a potential upside of 4.42% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Pacific Gas & Electric Co. in a research report on Tuesday, June 27th. Royal Bank Of Canada set a $70.00 price target on shares of Pacific Gas & Electric Co. and gave the company a “buy” rating in a research report on Saturday, June 3rd. Mizuho reaffirmed a “buy” rating and set a $74.00 price target on shares of Pacific Gas & Electric Co. in a research report on Thursday, July 13th. ValuEngine raised shares of Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub raised shares of Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $70.30.

Pacific Gas & Electric Co. (PCG) traded down 0.32% on Friday, hitting $68.96. The stock had a trading volume of 1,768,874 shares. The company has a 50 day moving average of $69.61 and a 200 day moving average of $67.68. Pacific Gas & Electric Co. has a 12-month low of $57.60 and a 12-month high of $71.57. The company has a market capitalization of $35.36 billion, a PE ratio of 17.00 and a beta of 0.22.

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

TRADEMARK VIOLATION NOTICE: This report was first reported by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/09/22/pacific-gas-electric-co-pcg-pt-raised-to-72-00.html.

In other news, VP David S. Thomason sold 700 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $69.62, for a total transaction of $48,734.00. Following the transaction, the vice president now owns 7,357 shares of the company’s stock, valued at approximately $512,194.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roger H. Kimmel acquired 4,000 shares of the business’s stock in a transaction dated 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 disclosure for this purchase can be found here. Insiders have sold a total of 4,915 shares of company stock worth $340,377 in the last three months. Insiders own 0.15% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America lifted its position in Pacific Gas & Electric Co. by 1.1% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,958 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 21 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its position in Pacific Gas & Electric Co. by 0.4% in the 1st quarter. Transamerica Financial Advisors Inc. now owns 9,448 shares of the utilities provider’s stock valued at $627,000 after acquiring an additional 36 shares in the last quarter. Mackenzie Financial Corp lifted its position in Pacific Gas & Electric Co. by 1.1% in the 1st quarter. Mackenzie Financial Corp now owns 3,803 shares of the utilities provider’s stock valued at $252,000 after acquiring an additional 43 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in Pacific Gas & Electric Co. by 1.2% in the 1st quarter. Stratos Wealth Partners LTD. now owns 4,800 shares of the utilities provider’s stock valued at $319,000 after acquiring an additional 59 shares in the last quarter. Finally, Cleararc Capital Inc. lifted its position in Pacific Gas & Electric Co. by 0.7% in the 1st quarter. Cleararc Capital Inc. now owns 12,386 shares of the utilities provider’s stock valued at $822,000 after acquiring an additional 84 shares in the last quarter. 80.91% of the stock is currently owned by institutional investors.

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)

Receive News & Ratings for Pacific Gas & Electric Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Gas & Electric Co. and related companies with MarketBeat.com's FREE daily email newsletter.