Pacific Gas & Electric Co. (NYSE:PCG) shares saw strong trading volume on Tuesday . 3,349,200 shares were traded during trading, an increase of 27% from the previous session’s volume of 2,639,451 shares.The stock last traded at $62.80 and had previously closed at $63.45.

Several research analysts recently issued reports on the company. Morgan Stanley reaffirmed a “buy” rating on shares of Pacific Gas & Electric Co. in a research report on Tuesday, May 10th. Jefferies Group reaffirmed a “buy” rating on shares of Pacific Gas & Electric Co. in a research report on Tuesday, May 24th. Zacks Investment Research raised Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Wednesday, May 11th. Deutsche Bank AG raised Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating and reduced their target price for the company from $62.00 to $58.50 in a research report on Monday, April 18th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Pacific Gas & Electric Co. in a research report on Wednesday, July 6th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $66.21.

The company has a 50 day moving average of $64.10 and a 200-day moving average of $60.06. The company has a market cap of $31.23 billion and a PE ratio of 41.24.

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

Other hedge funds have made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of 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 period. Suntrust Banks Inc. increased 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 worth $1,244,000 after buying an additional 9,894 shares during the period. Trexquant Investment LP increased 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 worth $1,005,000 after buying an additional 11,800 shares during the period. I.G. Investment Management LTD. acquired a new stake in shares of Pacific Gas & Electric Co. during the fourth quarter worth about $3,195,000. Finally, Jennison Associates LLC increased its stake in shares of 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 period.

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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