Investors bought shares of Pacific Gas & Electric Co. (NYSE:PCG) on weakness during trading hours on Friday. $44.97 million flowed into the stock on the tick-up and $26.79 million flowed out of the stock on the tick-down, for a money net flow of $18.18 million into the stock. Of all companies tracked, Pacific Gas & Electric Co. had the 23rd highest net in-flow for the day. Pacific Gas & Electric Co. traded down ($0.38) for the day and closed at $64.79

Several research analysts have issued reports on PCG shares. Mizuho reissued a “buy” rating and set a $64.00 price objective (up from $56.00) on shares of Pacific Gas & Electric Co. in a research report on Tuesday, May 24th. Argus reaffirmed a “buy” rating and issued a $79.00 target price (up previously from $74.00) on shares of Pacific Gas & Electric Co. in a 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 $72.00 target price on the stock in a report on Tuesday, July 12th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $65.00 target price (down previously from $66.00) on shares of Pacific Gas & Electric Co. in a report on Monday, April 25th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $66.50 target price (up previously from $64.50) on shares of Pacific Gas & Electric Co. in a report on Thursday, May 5th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $66.21.

The stock has a 50-day moving average price of $64.24 and a 200 day moving average price of $60.19. The firm has a market capitalization of $32.30 billion and a P/E ratio of 42.65.

Pacific Gas & Electric Co. (NYSE:PCG) last issued its earnings results 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 business earned $0.91 earnings per share. The business had revenue of $4.17 billion for 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 analysts expect that Pacific Gas & Electric Co. will post $3.72 EPS for the current year.

Other institutional investors have recently added to or reduced their stakes in the company. 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 valued at $2,844,000 after buying an additional 14,432 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 valued at $1,244,000 after buying an additional 9,894 shares in 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 valued at $1,005,000 after buying an additional 11,800 shares in the last quarter. I.G. Investment Management LTD. purchased a new position in Pacific Gas & Electric Co. during the fourth quarter valued at approximately $3,195,000. Finally, State of Tennessee Treasury Department raised its position 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 valued at $20,102,000 after buying an additional 2,305 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.