Blair William & Co. IL lowered its position in shares of Pacific Gas & Electric Co. (NYSE:PCG) by 9.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,017 shares of the utilities provider’s stock after selling 409 shares during the period. Blair William & Co. IL’s holdings in Pacific Gas & Electric Co. were worth $268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Assetmark Inc. raised its position in Pacific Gas & Electric Co. by 8.8% in the first quarter. Assetmark Inc. now owns 1,949 shares of the utilities provider’s stock worth $129,000 after buying an additional 157 shares during the last quarter. Shepherd Financial Partners LLC bought a new stake in Pacific Gas & Electric Co. during the first quarter worth about $201,000. Meiji Yasuda Life Insurance Co increased its stake in Pacific Gas & Electric Co. by 5.9% in the first quarter. Meiji Yasuda Life Insurance Co now owns 3,580 shares of the utilities provider’s stock worth $238,000 after buying an additional 200 shares during the period. Mraz Amerine & Associates Inc. increased its stake in Pacific Gas & Electric Co. by 3.2% in the first quarter. Mraz Amerine & Associates Inc. now owns 3,823 shares of the utilities provider’s stock worth $256,000 after buying an additional 120 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new stake in Pacific Gas & Electric Co. during the first quarter worth about $269,000. 82.27% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Pacific Gas & Electric Co. (NYSE:PCG)

Shares of Pacific Gas & Electric Co. (NYSE:PCG) opened at 69.16 on Friday. The company has a market capitalization of $35.34 billion, a price-to-earnings ratio of 18.76 and a beta of 0.22. The firm’s 50-day moving average is $67.25 and its 200 day moving average is $64.47. Pacific Gas & Electric Co. has a 12 month low of $57.60 and a 12 month high of $70.32.

Pacific Gas & Electric Co. (NYSE:PCG) last released its earnings results on Tuesday, May 2nd. The utilities provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.23. Pacific Gas & Electric Co. had a return on equity of 11.33% and a net margin of 10.42%. The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period last year, the company earned $0.82 earnings per share. Equities analysts expect that Pacific Gas & Electric Co. will post $3.67 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Friday, June 30th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.07%. This is an increase from Pacific Gas & Electric Co.’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Wednesday, June 28th. Pacific Gas & Electric Co.’s dividend payout ratio (DPR) is 53.41%.

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PCG has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $70.00 price objective on shares of Pacific Gas & Electric Co. in a report on Thursday, February 23rd. Deutsche Bank AG raised their price objective on shares of Pacific Gas & Electric Co. from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, April 11th. Jefferies Group LLC raised their price objective on shares of Pacific Gas & Electric Co. from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, February 17th. Zacks Investment Research upgraded shares of Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Wednesday, April 26th. Finally, Mizuho reiterated a “buy” rating and issued a $74.00 target price on shares of Pacific Gas & Electric Co. in a research note on Wednesday, April 19th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $71.00.

In other news, COO Nickolas Stavropoulos sold 11,085 shares of Pacific Gas & Electric Co. stock in a transaction on Friday, May 26th. The stock was sold at an average price of $67.37, for a total transaction of $746,796.45. Following the completion of the sale, the chief operating officer now directly owns 68,268 shares in the company, valued at $4,599,215.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.15% of the stock is currently owned by company insiders.

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.

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