Pacific Gas & Electric Co. (NYSE:PCG) – Equities research analysts at Jefferies Group issued their Q4 2016 earnings per share (EPS) estimates for Pacific Gas & Electric Co. in a research report issued to clients and investors on Tuesday. Jefferies Group analyst A. Crowdell forecasts that the brokerage will post earnings per share of $1.35 for the quarter. Jefferies Group has a “Buy” rating and a $68.50 price objective on the stock.

Pacific Gas & Electric Co. (NYSE:PCG) last issued its earnings results on Friday, November 4th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $1.09 by $0.15. The firm earned $4.81 billion during the quarter, compared to analyst estimates of $3.36 billion. Pacific Gas & Electric Co. had a net margin of 4.94% and a return on equity of 8.52%. Pacific Gas & Electric Co.’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share.

Other equities analysts have also issued research reports about the stock. Argus restated a “buy” rating and set a $79.00 price target (up previously from $74.00) on shares of Pacific Gas & Electric Co. in a research report on Monday, July 25th. Zacks Investment Research lowered shares of Pacific Gas & Electric Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. Royal Bank Of Canada upgraded shares of Pacific Gas & Electric Co. from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $60.00 to $71.00 in a research report on Friday, July 15th. Deutsche Bank AG cut their target price on shares of Pacific Gas & Electric Co. from $68.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Finally, Citigroup Inc. reiterated a “hold” rating and set a $64.00 target price (up previously from $54.00) on shares of Pacific Gas & Electric Co. in a research report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. Pacific Gas & Electric Co. presently has a consensus rating of “Buy” and a consensus price target of $66.46.

Pacific Gas & Electric Co. (NYSE:PCG) opened at 58.50 on Thursday. The stock has a 50 day moving average of $60.72 and a 200 day moving average of $61.72. The firm has a market capitalization of $29.58 billion, a PE ratio of 35.11 and a beta of 0.25. Pacific Gas & Electric Co. has a 12 month low of $50.65 and a 12 month high of $65.43.

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 15th. Shareholders of record on Friday, September 30th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Wednesday, September 28th. Pacific Gas & Electric Co.’s dividend payout ratio (DPR) is presently 117.37%.

Several hedge funds and other institutional investors have recently bought and sold shares of PCG. Assetmark Inc. increased its position in Pacific Gas & Electric Co. by 1.7% in the third quarter. Assetmark Inc. now owns 1,739 shares of the company’s stock valued at $106,000 after buying an additional 29 shares during the period. Laurel Wealth Advisors Inc. increased its position in 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 period. Williams Jones & Associates LLC acquired a new position in Pacific Gas & Electric Co. during the second quarter valued at approximately $278,000. Parametrica Management Ltd acquired a new position in Pacific Gas & Electric Co. during the second quarter valued at approximately $361,000. Finally, Wealthsource Partners LLC increased its position in Pacific Gas & Electric Co. by 4.1% in the second quarter. Wealthsource Partners LLC now owns 6,545 shares of the company’s stock valued at $418,000 after buying an additional 260 shares during the period. 79.81% of the stock is currently owned by hedge funds and other institutional investors.

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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