Pacific Gas & Electric Co. (NYSE:PCG) shares gapped up before the market opened on Friday . The stock had previously closed at $63.96, but opened at $64.08. Pacific Gas & Electric Co. shares last traded at $64.23, with a volume of 881,528 shares changing hands.

Several brokerages have recently weighed in on PCG. Argus reissued a “buy” rating and set a $79.00 price target (up previously from $74.00) on shares of Pacific Gas & Electric Co. in a research report on Monday, July 25th. Zacks Investment Research raised shares of Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Wednesday, May 11th. Mizuho boosted their price target on shares of Pacific Gas & Electric Co. from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, June 29th. Jefferies Group reissued a “buy” rating and set a $66.50 price target (up previously from $64.50) on shares of Pacific Gas & Electric Co. in a research report on Thursday, May 5th. Finally, Deutsche Bank AG lowered their price target on shares of Pacific Gas & Electric Co. from $68.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Pacific Gas & Electric Co. presently has an average rating of “Buy” and an average target price of $66.21.

The firm has a market cap of $31.96 billion and a P/E ratio of 42.21. The stock has a 50 day moving average price of $64.10 and a 200 day moving average price of $59.82.

Pacific Gas & Electric Co. (NYSE:PCG) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by $0.26. The firm earned $4.17 billion during the quarter, compared to analyst estimates of $4.59 billion. During the same period in the prior year, the company posted $0.91 EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts anticipate that Pacific Gas & Electric Co. will post $3.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Tuesday, June 28th. This is an increase from Pacific Gas & Electric Co.’s previous quarterly dividend of $0.46.

A number of hedge funds recently bought and sold shares of PCG. Jennison Associates LLC boosted its stake in Pacific Gas & Electric Co. by 0.9% in the fourth quarter. Jennison Associates LLC now owns 5,626,082 shares of the company’s stock worth $299,251,000 after buying an additional 47,759 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Pacific Gas & Electric Co. by 7.0% in the fourth quarter. Wells Fargo & Company MN now owns 791,010 shares of the company’s stock worth $42,073,000 after buying an additional 51,465 shares in the last quarter. BlackRock Advisors LLC boosted its stake in Pacific Gas & Electric Co. by 30.8% in the fourth quarter. BlackRock Advisors LLC now owns 367,892 shares of the company’s stock worth $19,568,000 after buying an additional 86,687 shares in the last quarter. State of Tennessee Treasury Department boosted its stake in Pacific Gas & Electric Co. by 0.6% in the fourth quarter. State of Tennessee Treasury Department now owns 377,937 shares of the company’s stock worth $20,102,000 after buying an additional 2,305 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its stake in Pacific Gas & Electric Co. by 73.2% in the fourth quarter. Suntrust Banks Inc. now owns 23,403 shares of the company’s stock worth $1,244,000 after buying an additional 9,894 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 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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