Shares of Pacific Gas & Electric Co. (NYSE:PCG) 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.

A number of research firms recently commented on PCG. Zacks Investment Research cut Pacific Gas & Electric Co. from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Jefferies Group upped their price target on Pacific Gas & Electric Co. from $66.50 to $71.50 and gave the stock a “buy” rating in a research report on Friday, July 29th. Deutsche Bank AG reduced their price target on Pacific Gas & Electric Co. from $68.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Argus restated a “buy” rating and issued 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. Finally, Citigroup Inc. restated a “hold” rating and issued a $64.00 price target (up previously from $54.00) on shares of Pacific Gas & Electric Co. in a research report on Wednesday, July 20th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $66.21.

The stock has a market capitalization of $31.96 billion and a P/E ratio of 42.21. The company’s 50-day moving average price is $64.10 and its 200 day moving average price is $59.82.

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

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $0.49 per share. 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. This represents a $1.96 dividend on an annualized basis and a yield of 3.06%.

A number of hedge funds have recently modified their holdings of PCG. State of Tennessee Treasury Department boosted its stake in shares of 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. Suntrust Banks Inc. raised its position 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 during the last quarter. Trexquant Investment LP raised its position in Pacific Gas & Electric Co. by 166.2% in the fourth quarter. Trexquant Investment LP now owns 18,900 shares of the company’s stock worth $1,005,000 after buying an additional 11,800 shares during the last quarter. Victory Capital Management Inc. raised its position in Pacific Gas & Electric Co. by 37.0% in the fourth quarter. Victory Capital Management Inc. now owns 53,463 shares of the company’s stock worth $2,844,000 after buying an additional 14,432 shares during the last quarter. Finally, Jennison Associates LLC raised its position 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 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 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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