Pacific Gas & Electric Co. (NYSE:PCG) was up 1% during trading on Tuesday . The company traded as high as $64.99 and last traded at $64.68, with a volume of 1,413,661 shares traded. The stock had previously closed at $64.03.

PCG has been the topic of several recent research reports. Mizuho reaffirmed a “buy” rating and issued a $64.00 target price (up previously from $56.00) on shares of Pacific Gas & Electric Co. in a research note on Tuesday, May 24th. Barclays PLC raised their target price on shares of Pacific Gas & Electric Co. from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, March 18th. Zacks Investment Research lowered shares of Pacific Gas & Electric Co. from a “buy” rating to a “hold” rating in a research note on Monday, May 16th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $65.00 target price (down previously from $66.00) on shares of Pacific Gas & Electric Co. in a research note on Monday, April 25th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $66.50 target price (up previously from $64.50) on shares of Pacific Gas & Electric Co. in a research note on Thursday, May 5th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Pacific Gas & Electric Co. has a consensus rating of “Buy” and a consensus price target of $61.27.

The company has a market cap of $32.44 billion and a PE ratio of 33.71. The company has a 50 day moving average of $61.52 and a 200 day moving average of $57.77.

Pacific Gas & Electric Co. (NYSE:PCG) last issued its earnings results on Wednesday, May 4th. The company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.09. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the firm posted $0.87 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Analysts anticipate that Pacific Gas & Electric Co. will post $3.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.49 per share. This is a positive change from Pacific Gas & Electric Co.’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 3.00%. The ex-dividend date is Tuesday, June 28th.

Other hedge funds recently made changes to their positions in the company. Trexquant Investment LP boosted its stake in shares of Pacific Gas & Electric Co. by 166.2% in the fourth quarter. Trexquant Investment LP now owns 18,900 shares of the company’s stock valued at $1,005,000 after buying an additional 11,800 shares during the last quarter. Princeton Alpha Management LP bought a new stake in shares of Pacific Gas & Electric Co. during the fourth quarter valued at approximately $1,130,000. CAM Group Holding A S boosted its stake in shares of Pacific Gas & Electric Co. by 144.1% in the fourth quarter. CAM Group Holding A S now owns 23,210 shares of the company’s stock valued at $1,234,000 after buying an additional 13,700 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of Pacific Gas & Electric Co. by 73.2% in the fourth quarter. Suntrust Banks Inc. now owns 23,403 shares of the company’s stock valued at $1,244,000 after buying an additional 9,894 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in shares of Pacific Gas & Electric Co. during the fourth quarter valued at approximately $1,616,000.

PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility). The Utility’s operations include electric utility operations and natural gas utility operations. It operates in northern and central California. 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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