Financial Advocates Investment Management acquired a new stake in Pacific Gas and Electric (NYSE:PCG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 7,926 shares of the utilities provider’s stock, valued at approximately $355,000.

Other institutional investors have also made changes to their positions in the company. Focused Wealth Management Inc purchased a new stake in shares of Pacific Gas and Electric in the 4th quarter valued at $108,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Pacific Gas and Electric by 122.1% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,463 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 1,354 shares in the last quarter. Ford Financial Group Inc. purchased a new stake in shares of Pacific Gas and Electric in the 4th quarter valued at $110,000. Wolverine Asset Management LLC purchased a new stake in shares of Pacific Gas and Electric in the 4th quarter valued at $154,000. Finally, M&R Capital Management Inc. boosted its stake in shares of Pacific Gas and Electric by 443.3% in the 4th quarter. M&R Capital Management Inc. now owns 4,346 shares of the utilities provider’s stock valued at $194,000 after purchasing an additional 3,546 shares in the last quarter. 81.19% of the stock is owned by institutional investors.

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Shares of PCG stock opened at $43.45 on Wednesday. Pacific Gas and Electric has a 1-year low of $37.30 and a 1-year high of $71.57. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91. The company has a market cap of $23,214.81, a price-to-earnings ratio of 13.54, a P/E/G ratio of 2.87 and a beta of 0.07.

Pacific Gas and Electric (NYSE:PCG) last posted its quarterly earnings results on Friday, February 9th. The utilities provider reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.06). Pacific Gas and Electric had a net margin of 9.69% and a return on equity of 9.93%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the prior year, the company earned $1.33 earnings per share. equities analysts anticipate that Pacific Gas and Electric will post 3.81 earnings per share for the current fiscal year.

In other Pacific Gas and Electric news, EVP John R. Simon sold 3,211 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $41.93, for a total value of $134,637.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Nickolas Stavropoulos sold 4,728 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $41.93, for a total transaction of $198,245.04. Following the completion of the transaction, the chief operating officer now owns 82,830 shares of the company’s stock, valued at $3,473,061.90. The disclosure for this sale can be found here. Insiders have sold a total of 8,875 shares of company stock valued at $372,129 over the last quarter. 0.15% of the stock is currently owned by company insiders.

A number of equities research analysts have recently issued reports on PCG shares. Deutsche Bank reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Pacific Gas and Electric in a research note on Thursday, December 21st. Wells Fargo cut shares of Pacific Gas and Electric from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Zacks Investment Research cut shares of Pacific Gas and Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. ValuEngine cut shares of Pacific Gas and Electric from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Guggenheim cut shares of Pacific Gas and Electric from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $57.71.

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About Pacific Gas and Electric

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California, the United States. The company's electricity distribution network consists of approximately 107,200 circuit miles of distribution lines, 59 transmission switching substations, and 605 distribution substations; and electricity transmission network comprises approximately 19,200 circuit miles of interconnected transmission lines and 92 electric transmission substations.

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

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