KCM Investment Advisors LLC cut its stake in shares of Pacific Gas & Electric Co. (NYSE:PCG) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,028 shares of the utilities provider’s stock after selling 497 shares during the quarter. KCM Investment Advisors LLC’s holdings in Pacific Gas & Electric Co. were worth $732,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PCG. Advisors Asset Management Inc. boosted its stake in shares of Pacific Gas & Electric Co. by 48.7% during the 1st quarter. Advisors Asset Management Inc. now owns 7,090 shares of the utilities provider’s stock worth $470,000 after acquiring an additional 2,321 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of Pacific Gas & Electric Co. during the 1st quarter worth $685,000. UBS Asset Management Americas Inc. boosted its stake in shares of Pacific Gas & Electric Co. by 17.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,901,299 shares of the utilities provider’s stock worth $126,170,000 after acquiring an additional 280,711 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Pacific Gas & Electric Co. during the 1st quarter worth $405,000. Finally, First Personal Financial Services boosted its stake in shares of Pacific Gas & Electric Co. by 2.9% during the 1st quarter. First Personal Financial Services now owns 6,642 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 190 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

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In related news, 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 transaction, the vice president now directly owns 7,357 shares of the company’s stock, valued at approximately $512,194.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Roger H. Kimmel bought 4,000 shares of Pacific Gas & Electric Co. stock in a transaction that occurred on Tuesday, September 5th. The stock was bought at an average cost of $69.68 per share, with a total value of $278,720.00. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 4,915 shares of company stock valued at $340,377. 0.15% of the stock is owned by corporate insiders.

PCG has been the subject of several research reports. Jefferies Group LLC reissued a “buy” rating and set a $75.00 price objective on shares of Pacific Gas & Electric Co. in a research note on Friday, July 14th. 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 report on Tuesday, August 15th. BMO Capital Markets reaffirmed a “hold” rating and issued a $69.00 target price on shares of Pacific Gas & Electric Co. in a research report on Thursday, July 13th. BidaskClub raised Pacific Gas & Electric Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Pacific Gas & Electric Co. in a research report on Tuesday, June 27th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Pacific Gas & Electric Co. has a consensus rating of “Buy” and a consensus price target of $69.60.

Pacific Gas & Electric Co. (NYSE:PCG) traded up 0.27% during mid-day trading on Friday, reaching $70.28. The company had a trading volume of 3,026,039 shares. Pacific Gas & Electric Co. has a 12 month low of $57.60 and a 12 month high of $71.57. The stock has a market cap of $36.04 billion, a PE ratio of 17.33 and a beta of 0.22. The firm’s 50-day moving average price is $69.50 and its 200-day moving average price is $67.61.

Pacific Gas & Electric Co. (NYSE:PCG) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.86 EPS for the quarter, beating the Zacks’ 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 business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the prior year, the company earned $0.66 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts forecast that Pacific Gas & Electric Co. will post $3.67 EPS for the current fiscal year.

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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