Pacific Gas & Electric Co. (NYSE:PCG)’s share price dropped 0.3% on Friday . The company traded as low as $63.47 and last traded at $64.22, with a volume of 1,400,837 shares traded. The stock had previously closed at $64.40.

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

The firm’s 50 day moving average is $61.74 and its 200-day moving average is $57.81. The company has a market capitalization of $32.16 billion and a price-to-earnings ratio of 33.42.

Pacific Gas & Electric Co. (NYSE:PCG) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.09. During the same quarter in the previous year, the business earned $0.87 earnings per share. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $4.15 billion. The company’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts forecast 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 issued a dividend of $0.49 per share. This is a positive change from Pacific Gas & Electric Co.’s previous quarterly dividend of $0.46. The ex-dividend date is Tuesday, June 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.02%.

A number of large investors have modified their holdings of PCG. Trexquant Investment LP raised 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. CAM Group Holding A S raised 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. raised 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. Quantitative Investment Management LLC acquired a new stake in shares of Pacific Gas & Electric Co. during the fourth quarter valued at about $1,616,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Pacific Gas & Electric Co. by 3.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 31,938 shares of the company’s stock valued at $1,699,000 after buying an additional 962 shares during 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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