Pacific Gas & Electric Co. (NYSE:PCG) had its price target lifted by research analysts at Barclays PLC from $69.00 to $72.00 in a research note issued to investors on Friday. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays PLC’s price objective would indicate a potential upside of 4.42% from the stock’s current price.

Other analysts also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Pacific Gas & Electric Co. in a research note on Tuesday, June 27th. Royal Bank Of Canada set a $70.00 price objective on Pacific Gas & Electric Co. and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Mizuho reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Pacific Gas & Electric Co. in a research note on Thursday, July 13th. ValuEngine raised Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub raised Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $70.30.

Shares of Pacific Gas & Electric Co. (PCG) traded down 0.311% during mid-day trading on Friday, reaching $68.965. The company’s stock had a trading volume of 1,311,861 shares. Pacific Gas & Electric Co. has a 12-month low of $57.60 and a 12-month high of $71.57. The company’s 50-day moving average price is $69.61 and its 200-day moving average price is $67.68. The stock has a market capitalization of $35.37 billion, a P/E ratio of 17.003 and a beta of 0.22.

Pacific Gas & Electric Co. (NYSE:PCG) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.07. Pacific Gas & Electric Co. had a return on equity of 11.63% and a net margin of 11.48%. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the previous year, the company posted $0.66 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts forecast that Pacific Gas & Electric Co. will post $3.68 earnings per share for the current fiscal year.

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In other Pacific Gas & Electric Co. news, Director Roger H. Kimmel acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was bought at an average price of $69.68 per share, for a total transaction of $278,720.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP David S. Thomason sold 700 shares of the business’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 transaction, the vice president now owns 7,357 shares of the company’s stock, valued at approximately $512,194.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,915 shares of company stock valued at $340,377. 0.15% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of PCG. Harbour Capital Advisors LLC purchased a new position in Pacific Gas & Electric Co. during the 1st quarter valued at $100,000. Oppenheimer Asset Management Inc. purchased a new position in Pacific Gas & Electric Co. during the 1st quarter valued at $118,000. Guardian Life Insurance Co. of America boosted its holdings in Pacific Gas & Electric Co. by 1.1% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,958 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 21 shares during the period. Investment Centers of America Inc. purchased a new position in Pacific Gas & Electric Co. during the 1st quarter valued at $212,000. Finally, Point72 Asia Hong Kong Ltd boosted its holdings in Pacific Gas & Electric Co. by 416.6% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,477 shares of the utilities provider’s stock valued at $231,000 after acquiring an additional 2,804 shares during the period. Institutional investors own 80.91% of the company’s stock.

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.

Analyst Recommendations for Pacific Gas & Electric Co. (NYSE:PCG)

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