Pacific Gas & Electric Co. (NYSE:PCG) saw an uptick in trading volume on Tuesday . 3,349,200 shares changed hands 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.

A number of brokerages have recently weighed in on PCG. Argus restated a “buy” rating and set a $79.00 price objective (up previously from $74.00) on shares of Pacific Gas & Electric Co. in a research report on Monday, July 25th. JPMorgan Chase & Co. restated a “buy” rating on shares of Pacific Gas & Electric Co. in a research report on Wednesday, July 6th. Zacks Investment Research upgraded Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Tuesday, July 12th. Citigroup Inc. restated a “hold” rating and set a $64.00 price objective (up previously from $54.00) on shares of Pacific Gas & Electric Co. in a research report on Wednesday, July 20th. Finally, Royal Bank Of Canada raised shares of Pacific Gas & Electric Co. from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $60.00 to $71.00 in a report on Friday, July 15th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $66.21.

The stock has a market capitalization of $32.16 billion and a price-to-earnings ratio of 42.465. The firm has a 50-day moving average price of $64.14 and a 200 day moving average price of $60.08.

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

Several large investors have recently made changes to their positions in the stock. BlackRock Advisors LLC raised its stake in shares of 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 during the last quarter. State of Tennessee Treasury Department raised 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 during the last quarter. I.G. Investment Management LTD. purchased a new stake in shares of Pacific Gas & Electric Co. during the fourth quarter worth $3,195,000. 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 worth $1,005,000 after buying an additional 11,800 shares during the last quarter. Finally, 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 worth $1,244,000 after buying an additional 9,894 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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