Pacific Gas & Electric Co. (NYSE: PCG) recently received a number of ratings updates from brokerages and research firms:

  • 10/16/2017 – Pacific Gas & Electric Co. was given a new $66.00 price target on by analysts at J P Morgan Chase & Co. They now have a “buy” rating on the stock.
  • 10/16/2017 – Pacific Gas & Electric Co. was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “conviction-buy” rating to a “buy” rating. They now have a $65.00 price target on the stock.
  • 10/16/2017 – Pacific Gas & Electric Co. had its price target lowered by analysts at Evercore ISI from $66.00 to $61.00.
  • 10/16/2017 – Pacific Gas & Electric Co. had its price target lowered by analysts at Wells Fargo & Company from $79.00 to $67.00. They now have an “outperform” rating on the stock.
  • 10/16/2017 – Pacific Gas & Electric Co. had its “buy” rating reaffirmed by analysts at Morgan Stanley.
  • 10/12/2017 – Pacific Gas & Electric Co. had its price target raised by analysts at J P Morgan Chase & Co from $74.00 to $76.00. They now have an “overweight” rating on the stock.
  • 10/9/2017 – Pacific Gas & Electric Co. had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $78.00 price target on the stock.
  • 9/22/2017 – Pacific Gas & Electric Co. had its price target raised by analysts at Barclays PLC from $69.00 to $72.00. They now have an “overweight” rating on the stock.
  • 9/18/2017 – Pacific Gas & Electric Co. had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $70.00 price target on the stock.
  • 9/1/2017 – Pacific Gas & Electric Co. was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/22/2017 – Pacific Gas & Electric Co. was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Pacific Gas & Electric Co. (PCG) opened at 57.44 on Wednesday. The company has a market capitalization of $29.46 billion, a PE ratio of 14.16 and a beta of 0.22. The firm’s 50-day moving average price is $68.95 and its 200 day moving average price is $67.87. Pacific Gas & Electric Co. has a one year low of $54.46 and a one year high of $71.57.

Pacific Gas & Electric Co. (NYSE:PCG) last announced its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.07. Pacific Gas & Electric Co. had a return on equity of 11.63% and a net margin of 11.48%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the firm posted $0.66 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts anticipate that Pacific Gas & Electric Co. will post $3.68 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Friday, September 29th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Thursday, September 28th. Pacific Gas & Electric Co.’s payout ratio is 52.35%.

In related news, Director Roger H. Kimmel acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were bought at an average cost of $69.68 per share, with a total value of $278,720.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David S. Thomason sold 700 shares of Pacific Gas & Electric Co. stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $69.62, for a total value of $48,734.00. Following the completion of the transaction, the vice president now directly owns 7,357 shares in the company, valued at $512,194.34. The disclosure for this sale can be found here. Insiders have sold 4,915 shares of company stock worth $340,377 over the last three months. Insiders own 0.15% of the company’s stock.

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.

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