Tudor Investment Corp ET AL boosted its position in Pacific Gas & Electric Co. (NYSE:PCG) by 65.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,078 shares of the utilities provider’s stock after purchasing an additional 15,128 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Pacific Gas & Electric Co. were worth $2,527,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PCG. Harbour Capital Advisors LLC bought a new position in Pacific Gas & Electric Co. in the first quarter worth about $100,000. Oppenheimer Asset Management Inc. bought a new position in Pacific Gas & Electric Co. in the first quarter worth about $118,000. Guardian Life Insurance Co. of America raised its holdings in 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 worth $130,000 after purchasing an additional 21 shares in the last quarter. Investment Centers of America Inc. bought a new position in Pacific Gas & Electric Co. in the first quarter worth about $212,000. Finally, Point72 Asia Hong Kong Ltd raised its holdings in 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 worth $231,000 after purchasing an additional 2,804 shares in the last quarter. Institutional investors and hedge funds own 80.91% of the company’s stock.

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A number of brokerages have commented on PCG. Royal Bank Of Canada set a $70.00 target price on shares of Pacific Gas & Electric Co. and gave the stock a “buy” rating in a report on Saturday, June 3rd. BidaskClub upgraded shares of Pacific Gas & Electric Co. from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $75.00 target price on shares of Pacific Gas & Electric Co. in a report on Friday, July 14th. Mizuho reiterated a “buy” rating and issued a $74.00 target price on shares of Pacific Gas & Electric Co. in a report on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Pacific Gas & Electric Co. in a report on Tuesday, June 27th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Pacific Gas & Electric Co. presently has a consensus rating of “Buy” and an average target price of $70.30.

Pacific Gas & Electric Co. (PCG) traded up 0.06% during trading on Friday, hitting $68.09. 3,118,768 shares of the stock traded hands. The company has a market cap of $34.92 billion, a P/E ratio of 16.79 and a beta of 0.22. The company’s 50 day moving average price is $69.61 and its 200 day moving average price is $67.68. Pacific Gas & Electric Co. has a 12 month low of $57.60 and a 12 month high of $71.57.

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

The firm 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 dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, September 28th. Pacific Gas & Electric Co.’s payout ratio is 52.35%.

In related news, COO Nickolas Stavropoulos sold 1,101 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $69.43, for a total transaction of $76,442.43. Following the completion of the sale, the chief operating officer now owns 63,661 shares in the company, valued at $4,419,983.23. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Roger H. Kimmel bought 4,000 shares of the firm’s 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 disclosure for this purchase can be found here. In the last 90 days, insiders have sold 4,915 shares of company stock valued at $340,377. 0.15% of the stock is owned by company insiders.

Pacific Gas & Electric Co. Company Profile

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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