Assetmark Inc. reduced its position in Pacific Gas & Electric Co. (NYSE:PCG) by 48.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,812 shares of the utilities provider’s stock after selling 1,715 shares during the period. Assetmark Inc.’s holdings in Pacific Gas & Electric were worth $123,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Blair William & Co. IL raised its stake in Pacific Gas & Electric by 7.4% in the 2nd quarter. Blair William & Co. IL now owns 4,315 shares of the utilities provider’s stock valued at $286,000 after acquiring an additional 298 shares during the period. IFP Advisors Inc raised its stake in Pacific Gas & Electric by 6.4% in the 2nd quarter. IFP Advisors Inc now owns 8,662 shares of the utilities provider’s stock valued at $575,000 after acquiring an additional 519 shares during the period. Country Trust Bank raised its stake in Pacific Gas & Electric by 0.3% in the 2nd quarter. Country Trust Bank now owns 218,660 shares of the utilities provider’s stock valued at $14,512,000 after acquiring an additional 620 shares during the period. Strs Ohio raised its stake in Pacific Gas & Electric by 0.3% in the 2nd quarter. Strs Ohio now owns 310,310 shares of the utilities provider’s stock valued at $20,595,000 after acquiring an additional 965 shares during the period. Finally, Parallel Advisors LLC raised its stake in Pacific Gas & Electric by 15.5% in the 2nd quarter. Parallel Advisors LLC now owns 8,573 shares of the utilities provider’s stock valued at $580,000 after acquiring an additional 1,150 shares during the period. Institutional investors and hedge funds own 80.14% of the company’s stock.

Shares of Pacific Gas & Electric Co. (PCG) traded up $0.17 on Friday, hitting $54.06. The stock had a trading volume of 1,865,296 shares, compared to its average volume of 5,331,380. Pacific Gas & Electric Co. has a 12-month low of $49.83 and a 12-month high of $71.57. The company has a market capitalization of $27,809.71, a PE ratio of 12.37, a PEG ratio of 3.43 and a beta of 0.17. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.85.

Pacific Gas & Electric (NYSE:PCG) last announced its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.18. Pacific Gas & Electric had a return on equity of 11.94% and a net margin of 12.59%. The firm had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The company’s revenue was down 6.1% on a year-over-year basis. equities analysts expect that Pacific Gas & Electric Co. will post 3.69 earnings per share for the current year.

A number of equities research analysts recently issued reports on PCG shares. Barclays PLC boosted their price objective on Pacific Gas & Electric from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, September 22nd. Mizuho restated a “buy” rating and issued a $78.00 price objective on shares of Pacific Gas & Electric in a research note on Monday, October 9th. Zacks Investment Research upgraded Pacific Gas & Electric from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Monday, November 6th. J P Morgan Chase & Co boosted their price objective on Pacific Gas & Electric from $74.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Finally, Goldman Sachs Group Inc cut Pacific Gas & Electric from a “conviction-buy” rating to a “buy” rating and set a $65.00 price target on the stock. in a research report on Monday, October 16th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $67.77.

In related news, VP David S. Thomason sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $56.82, for a total value of $39,774.00. Following the transaction, the vice president now directly owns 6,657 shares in the company, valued at $378,250.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Roger H. Kimmel acquired 4,000 shares of the firm’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 disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.

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About Pacific Gas & Electric

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.

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

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