Pacific Gas & Electric Co. (NYSE:PCG) VP David S. Thomason sold 700 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $69.62, for a total transaction of $48,734.00. Following the completion of the sale, 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 filing with the SEC, which can be accessed through this link.

Shares of Pacific Gas & Electric Co. (PCG) traded up 0.43% during midday trading on Friday, reaching $70.08. 1,353,434 shares of the company traded hands. The firm has a market capitalization of $35.94 billion, a PE ratio of 17.28 and a beta of 0.21. Pacific Gas & Electric Co. has a 12-month low of $57.60 and a 12-month high of $70.35. The company has a 50-day moving average of $68.04 and a 200 day moving average of $66.99.

Pacific Gas & Electric Co. (NYSE:PCG) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. The business had revenue of $4.25 billion during 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 revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 earnings per share. On average, equities analysts forecast that Pacific Gas & Electric Co. will post $3.67 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quantitative Systematic Strategies LLC bought a new stake in shares of Pacific Gas & Electric Co. during the first quarter worth approximately $269,000. State of Alaska Department of Revenue bought a new stake in shares of Pacific Gas & Electric Co. during the first quarter worth approximately $700,000. First Manhattan Co. raised its stake in shares of Pacific Gas & Electric Co. by 9.8% in the first quarter. First Manhattan Co. now owns 16,750 shares of the utilities provider’s stock worth $1,024,000 after buying an additional 1,500 shares in the last quarter. Korea Investment CORP raised its stake in shares of Pacific Gas & Electric Co. by 17.5% in the first quarter. Korea Investment CORP now owns 216,634 shares of the utilities provider’s stock worth $14,376,000 after buying an additional 32,339 shares in the last quarter. Finally, Glen Harbor Capital Management LLC raised its stake in shares of Pacific Gas & Electric Co. by 16.2% in the first quarter. Glen Harbor Capital Management LLC now owns 13,440 shares of the utilities provider’s stock worth $892,000 after buying an additional 1,876 shares in the last quarter. 81.57% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on PCG shares. BidaskClub upgraded shares of Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. BMO Capital Markets restated a “hold” rating and issued a $69.00 price objective on shares of Pacific Gas & Electric Co. in a research report on Thursday, July 13th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Pacific Gas & Electric Co. in a research report on Tuesday, June 27th. Jefferies Group LLC restated a “buy” rating and issued a $76.00 price objective on shares of Pacific Gas & Electric Co. in a research report on Sunday, July 30th. Finally, Mizuho reiterated a “buy” rating and set a $74.00 target price on shares of Pacific Gas & Electric Co. in a report on Thursday, July 13th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $69.60.

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), 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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