Shares of Pacific Gas & Electric Co. (NYSE:PCG) saw an uptick in trading volume on Monday . 2,590,745 shares changed hands during trading, a decline of 9% from the previous session’s volume of 2,850,104 shares.The stock last traded at $65.14 and had previously closed at $64.79.

Several research firms have issued reports on PCG. Argus reaffirmed a “buy” rating and set a $79.00 price target (up 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 upped their price target on shares of Pacific Gas & Electric Co. from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, June 29th. Jefferies Group reaffirmed a “buy” rating and set a $66.50 price target (up from $64.50) on shares of Pacific Gas & Electric Co. in a research report on Thursday, May 5th. Finally, Royal Bank Of Canada raised shares of Pacific Gas & Electric Co. from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $60.00 to $71.00 in a research report on Friday, July 15th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $66.21.

The stock has a market cap of $32.25 billion and a PE ratio of 42.59. The stock has a 50 day moving average price of $64.26 and a 200 day moving average price of $60.29.

Pacific Gas & Electric Co. (NYSE:PCG) last issued its quarterly 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. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.59 billion. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. Analysts predict that Pacific Gas & Electric Co. will post $3.72 EPS for the current fiscal year.

Several institutional investors recently modified their holdings of the company. Trexquant Investment LP increased its position 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. Suntrust Banks Inc. increased its position 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. Victory Capital Management Inc. increased its position 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. I.G. Investment Management LTD. bought a new position in shares of Pacific Gas & Electric Co. during the fourth quarter worth $3,195,000. Finally, BlackRock Advisors LLC increased its position 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 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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