Pacific Gas & Electric Co. (NYSE:PCG) has earned a consensus recommendation of “Buy” from the thirteen brokerages that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $70.00.

PCG has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $70.00 target price on shares of Pacific Gas & Electric Co. in a research note on Monday, September 18th. ValuEngine raised shares of Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub raised shares of Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Barclays PLC increased their price objective on shares of Pacific Gas & Electric Co. from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Pacific Gas & Electric Co. in a report on Tuesday, June 27th.

In other news, VP David S. Thomason sold 700 shares of Pacific Gas & Electric Co. stock in a transaction dated Wednesday, August 23rd. The stock was 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 in the company, valued at approximately $512,194.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Julie Kane sold 2,233 shares of Pacific Gas & Electric Co. stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $68.98, for a total value of $154,032.34. Following the transaction, the senior vice president now owns 10,751 shares in the company, valued at approximately $741,603.98. The disclosure for this sale can be found here. Insiders sold a total of 4,915 shares of company stock valued at $340,377 in the last three months. 0.15% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbour Capital Advisors LLC bought a new stake in Pacific Gas & Electric Co. during the 1st quarter worth approximately $100,000. Oppenheimer Asset Management Inc. acquired a new stake in Pacific Gas & Electric Co. during the 1st quarter worth approximately $118,000. Guardian Life Insurance Co. of America raised its holdings in Pacific Gas & Electric Co. by 1.1% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,958 shares of the utilities provider’s stock worth $130,000 after buying an additional 21 shares during the period. Investment Centers of America Inc. acquired a new stake in Pacific Gas & Electric Co. during the 1st quarter worth approximately $212,000. Finally, Point72 Asia Hong Kong Ltd raised its holdings in Pacific Gas & Electric Co. by 416.6% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,477 shares of the utilities provider’s stock worth $231,000 after buying an additional 2,804 shares during the period. Institutional investors and hedge funds own 80.91% of the company’s stock.

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Pacific Gas & Electric Co. (NYSE:PCG) traded up 1.30% during mid-day trading on Wednesday, hitting $69.20. The stock had a trading volume of 2,276,181 shares. The stock has a 50 day moving average of $69.54 and a 200-day moving average of $67.87. Pacific Gas & Electric Co. has a 1-year low of $57.60 and a 1-year high of $71.57. The firm has a market cap of $35.49 billion, a P/E ratio of 17.06 and a beta of 0.22.

Pacific Gas & Electric Co. (NYSE:PCG) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. Pacific Gas & Electric Co. had a net margin of 11.48% and a return on equity of 11.63%. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the previous year, the company posted $0.66 EPS. Pacific Gas & Electric Co.’s revenue was up 1.9% on a year-over-year basis. Analysts predict that Pacific Gas & Electric Co. will post $3.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 29th will be issued a $0.53 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.12 annualized dividend and a yield of 3.06%. Pacific Gas & Electric Co.’s dividend payout ratio (DPR) is presently 52.35%.

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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