Quantitative Investment Management LLC lowered its holdings in Pacific Gas & Electric Co. (NYSE:PCG) by 96.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,800 shares of the utilities provider’s stock after selling 191,900 shares during the period. Quantitative Investment Management LLC’s holdings in Pacific Gas & Electric Co. were worth $517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbour Capital Advisors LLC acquired a new stake in Pacific Gas & Electric Co. during the 1st quarter valued at approximately $100,000. Oppenheimer Asset Management Inc. purchased a new stake in Pacific Gas & Electric Co. during the 1st quarter worth approximately $118,000. Guardian Life Insurance Co. of America increased 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 worth $130,000 after purchasing an additional 21 shares during the last quarter. Investment Centers of America Inc. purchased a new stake in Pacific Gas & Electric Co. during the 1st quarter worth approximately $212,000. Finally, Point72 Asia Hong Kong Ltd increased 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 worth $231,000 after purchasing an additional 2,804 shares during the last quarter. 80.91% of the stock is owned by hedge funds and other institutional investors.

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In other Pacific Gas & Electric Co. news, Director Roger H. Kimmel bought 4,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were acquired at an average price of $69.68 per share, with a total value of $278,720.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Julie Kane sold 2,233 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $68.98, for a total transaction of $154,032.34. Following the completion of the sale, the senior vice president now directly owns 10,751 shares in the company, valued at approximately $741,603.98. The disclosure for this sale can be found here. Insiders sold 4,915 shares of company stock valued at $340,377 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $70.00 price target on shares of Pacific Gas & Electric Co. in a research report on Tuesday, August 15th. BidaskClub upgraded shares of Pacific Gas & Electric Co. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Mizuho reaffirmed a “buy” rating and issued a $74.00 price target on shares of Pacific Gas & Electric Co. in a report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $75.00 price target on shares of Pacific Gas & Electric Co. in a report on Friday, July 14th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $69.00 price target on shares of Pacific Gas & Electric Co. in a report on Thursday, July 13th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $70.30.

Shares of Pacific Gas & Electric Co. (PCG) opened at 68.09 on Monday. The firm has a market cap of $34.92 billion, a price-to-earnings ratio of 16.79 and a beta of 0.22. Pacific Gas & Electric Co. has a 1-year low of $57.60 and a 1-year high of $71.57. The company’s 50-day moving average is $69.61 and its 200 day moving average is $67.68.

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

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Friday, September 29th will be paid a $0.53 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.11%. Pacific Gas & Electric Co.’s payout ratio is 52.35%.

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.

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

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