Goldman Sachs Group, Inc. (The) lowered shares of Pacific Gas & Electric Co. (NYSE:PCG) from a conviction-buy rating to a buy rating in a research report report published on Monday. Goldman Sachs Group, Inc. (The) currently has $65.00 price objective on the utilities provider’s stock.

Several other research analysts also recently commented on the company. J P Morgan Chase & Co set a $66.00 target price on Pacific Gas & Electric Co. and gave the stock a buy rating in a research note on Monday. Mizuho reissued a buy rating and set a $78.00 target price on shares of Pacific Gas & Electric Co. in a research note on Monday, October 9th. Barclays PLC boosted their target price on Pacific Gas & Electric Co. from $69.00 to $72.00 and gave the stock an overweight rating in a research note on Friday, September 22nd. Royal Bank Of Canada reissued a buy rating and set a $70.00 target price on shares of Pacific Gas & Electric Co. in a research note on Monday, September 18th. Finally, ValuEngine raised Pacific Gas & Electric Co. from a hold rating to a buy rating in a research note on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $68.58.

Shares of Pacific Gas & Electric Co. (NYSE PCG) opened at 56.44 on Monday. The firm has a 50-day moving average of $67.74 and a 200 day moving average of $67.63. The firm has a market cap of $28.94 billion, a PE ratio of 13.92 and a beta of 0.22. Pacific Gas & Electric Co. has a 52-week low of $56.13 and a 52-week high of $71.57.

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

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The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Friday, September 29th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.76%. The ex-dividend date was Thursday, September 28th. Pacific Gas & Electric Co.’s dividend payout ratio is currently 52.35%.

In other news, VP David S. Thomason sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was 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 owns 7,357 shares of the company’s stock, valued at $512,194.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Simon sold 881 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $69.43, for a total value of $61,167.83. The disclosure for this sale can be found here. Insiders sold 4,915 shares of company stock valued at $340,377 in the last ninety days. 0.15% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC acquired a new position in shares of Pacific Gas & Electric Co. in the first quarter valued at approximately $100,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Pacific Gas & Electric Co. in the first quarter valued at approximately $118,000. Guardian Life Insurance Co. of America increased its stake in shares of Pacific Gas & Electric Co. by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 1,958 shares of the utilities provider’s stock valued at $130,000 after buying an additional 21 shares during the period. Investment Centers of America Inc. acquired a new position in shares of Pacific Gas & Electric Co. in the first quarter valued at approximately $212,000. Finally, Point72 Asia Hong Kong Ltd increased its stake in shares of Pacific Gas & Electric Co. by 416.6% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,477 shares of the utilities provider’s stock valued at $231,000 after buying an additional 2,804 shares during the period. 80.90% of the stock is owned by institutional investors.

About Pacific Gas & Electric Co.

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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