Pacific Gas & Electric Co. (NYSE:PCG) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $65.30 and last traded at $65.20, with a volume of 2,421,885 shares trading hands. The stock had previously closed at $64.89.

A number of analysts recently issued reports on the company. Jefferies Group boosted their price target on Pacific Gas & Electric Co. from $62.50 to $64.50 and gave the company a “buy” rating in a report on Wednesday, March 16th. Barclays PLC boosted their price target on Pacific Gas & Electric Co. from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, March 18th. Zacks Investment Research lowered Pacific Gas & Electric Co. from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. Deutsche Bank AG upgraded Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating and lowered their price target for the company from $62.00 to $58.50 in a report on Monday, April 18th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $65.00 price target (down previously from $66.00) on shares of Pacific Gas & Electric Co. in a report on Monday, April 25th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $61.27.

The firm has a market cap of $31.95 billion and a price-to-earnings ratio of 33.20. The stock has a 50-day moving average price of $61.74 and a 200 day moving average price of $57.81.

Pacific Gas & Electric Co. (NYSE:PCG) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.09. During the same period in the previous year, the business posted $0.87 EPS. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $4.15 billion. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts anticipate that Pacific Gas & Electric Co. will post $3.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, June 28th. This is a boost from Pacific Gas & Electric Co.’s previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.04%.

Other institutional investors have modified their holdings of the company. Reaves W H & Co. Inc. boosted its position in shares of Pacific Gas & Electric Co. by 173.9% in the fourth quarter. Reaves W H & Co. Inc. now owns 143,206 shares of the company’s stock valued at $7,617,000 after buying an additional 90,918 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Pacific Gas & Electric Co. by 2.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,044 shares of the company’s stock valued at $1,704,000 after buying an additional 615 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its position in shares of Pacific Gas & Electric Co. by 0.3% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 724,685 shares of the company’s stock valued at $39,075,000 after buying an additional 2,377 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in shares of Pacific Gas & Electric Co. during the fourth quarter valued at approximately $1,616,000. Finally, GAM Holding AG boosted its position in shares of Pacific Gas & Electric Co. by 3.3% in the fourth quarter. GAM Holding AG now owns 186,472 shares of the company’s stock valued at $9,918,000 after buying an additional 5,963 shares in the last quarter.

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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