Pacific Gas & Electric (NYSE:PCG) Stock: Insider Mark Ferguson III Sells 8,675 Shares

Pacific Gas & Electric Co. (NYSE:PCG) Director Mark Ferguson III sold 8,675 shares of the firm’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $13.22, for a total value of $114,683.50. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at $26,440. This represents a 81.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pacific Gas & Electric Trading Up 2.2%

Shares of Pacific Gas & Electric stock traded up $0.29 during trading on Friday, reaching $13.26. 20,064,931 shares of the company were exchanged, compared to its average volume of 26,841,955. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 1.85. Pacific Gas & Electric Co. has a twelve month low of $11.77 and a twelve month high of $19.16. The business has a 50-day moving average price of $13.06 and a 200-day moving average price of $16.13. The firm has a market capitalization of $35.53 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 1.05 and a beta of 0.17.

Pacific Gas & Electric (NYSE:PCG) last released its quarterly earnings data on Thursday, October 22nd. The utilities provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.82 billion. Pacific Gas & Electric had a net margin of 12.00% and a return on equity of 11.49%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS. Sell-side analysts anticipate that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Wednesday, September 30th. Pacific Gas & Electric’s dividend payout ratio (DPR) is presently 14.81%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC bought a new position in shares of Pacific Gas & Electric during the 2nd quarter worth about $4,044,000. Vise Technologies Inc. bought a new stake in shares of Pacific Gas & Electric during the second quarter worth about $1,997,000. Partners Capital Investment Group LLP bought a new stake in shares of Pacific Gas & Electric during the second quarter worth about $4,177,000. Rakuten Investment Management Inc. purchased a new stake in shares of Pacific Gas & Electric in the second quarter worth approximately $6,210,000. Finally, Greenland Capital Management LP purchased a new position in shares of Pacific Gas & Electric during the second quarter valued at approximately $994,000. Institutional investors and hedge funds own 78.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group set a $20.00 target price on Pacific Gas & Electric in a research report on Thursday, October 15th. UBS Group upped their price target on shares of Pacific Gas & Electric from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. BMO Capital Markets boosted their price target on Pacific Gas & Electric from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, October 26th. Mizuho cut their price target on Pacific Gas & Electric from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, September 3rd. Finally, Barclays lowered their price target on shares of Pacific Gas & Electric from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Seven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $17.21.

About Pacific Gas & Electric

Pacific Gas and Electric Company (PG&E) is a regulated utility that provides electricity and natural gas to homes and businesses in Northern and Central California. Its services include generating, purchasing, transmitting and distributing electricity, as well as delivering natural gas through its pipeline network. The utility is a subsidiary of PG&E Corporation, whose common stock trades on the New York Stock Exchange under the symbol PCG. The company traces its roots to California’s early gas and electric utilities and was incorporated in 1905.