Eagle Asset Management Inc. decreased its position in Pacific Gas & Electric Co. (NYSE:PCG) by 22.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 654,705 shares of the utilities provider’s stock after selling 185,874 shares during the period. Eagle Asset Management Inc. owned 0.13% of Pacific Gas & Electric Co. worth $43,452,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of PCG. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Pacific Gas & Electric Co. by 1.1% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 116,722 shares of the utilities provider’s stock worth $7,745,000 after buying an additional 1,257 shares during the last quarter. Brookfield Asset Management Inc. boosted its stake in shares of Pacific Gas & Electric Co. by 4.5% in the first quarter. Brookfield Asset Management Inc. now owns 3,353,119 shares of the utilities provider’s stock worth $222,513,000 after buying an additional 143,130 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Pacific Gas & Electric Co. by 7.0% in the second quarter. Aperio Group LLC now owns 343,548 shares of the utilities provider’s stock worth $22,801,000 after buying an additional 22,524 shares during the last quarter. British Columbia Investment Management Corp boosted its stake in shares of Pacific Gas & Electric Co. by 6.9% in the first quarter. British Columbia Investment Management Corp now owns 311,627 shares of the utilities provider’s stock worth $20,680,000 after buying an additional 20,145 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its stake in shares of Pacific Gas & Electric Co. by 16.2% in the first quarter. Flinton Capital Management LLC now owns 7,680 shares of the utilities provider’s stock worth $510,000 after buying an additional 1,072 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Pacific Gas & Electric Co. (PCG) opened at 69.87 on Friday. The firm has a 50-day moving average price of $68.72 and a 200-day moving average price of $67.24. Pacific Gas & Electric Co. has a one year low of $57.60 and a one year high of $70.54. The stock has a market cap of $35.83 billion, a price-to-earnings ratio of 17.23 and a beta of 0.22.

Pacific Gas & Electric Co. (NYSE:PCG) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.07. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.34 billion. Pacific Gas & Electric Co. had a return on equity of 11.63% and a net margin of 11.48%. Pacific Gas & Electric Co.’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 earnings per share. On average, equities analysts predict that Pacific Gas & Electric Co. will post $3.67 earnings per share for the current year.

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PCG has been the topic of a number of research analyst reports. BidaskClub raised shares of Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Pacific Gas & Electric Co. in a research note on Tuesday, June 27th. Jefferies Group LLC reissued a “buy” rating and issued a $76.00 price target on shares of Pacific Gas & Electric Co. in a research note on Sunday, July 30th. BMO Capital Markets reissued a “hold” rating and issued a $69.00 price target on shares of Pacific Gas & Electric Co. in a research note on Thursday, July 13th. Finally, Mizuho reissued a “buy” rating and issued a $74.00 price target on shares of Pacific Gas & Electric Co. in a research note on Thursday, July 13th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Pacific Gas & Electric Co. presently has a consensus rating of “Buy” and an average target price of $69.60.

In other Pacific Gas & Electric Co. news, COO Nickolas Stavropoulos sold 1,101 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $69.43, for a total value of $76,442.43. Following the sale, the chief operating officer now owns 63,661 shares of the company’s stock, valued at $4,419,983.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $48,734.00. Following the completion of the sale, the vice president now directly owns 7,357 shares in the company, valued at approximately $512,194.34. The disclosure for this sale can be found here. Insiders sold 4,915 shares of company stock worth $340,377 in the last three months. 0.15% of the stock is owned by corporate insiders.

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

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