Pacific Gas & Electric Co. (NYSE:PCG) announced a quarterly dividend on Wednesday, September 21st. Shareholders of record on Friday, September 30th will be paid a dividend of 0.49 per share on Saturday, October 15th. This represents a $1.96 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Wednesday, September 28th.

Several hedge funds have recently made changes to their positions in the company. Laurel Wealth Advisors Inc. raised its stake in shares of Pacific Gas & Electric Co. by 1.3% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,547 shares of the company’s stock valued at $227,000 after buying an additional 45 shares in the last quarter. Atlantic Trust Group LLC raised its stake in shares of Pacific Gas & Electric Co. by 2.0% in the second quarter. Atlantic Trust Group LLC now owns 34,905 shares of the company’s stock valued at $2,231,000 after buying an additional 683 shares in the last quarter. Fort Washington Investment Advisors Inc OH raised its stake in shares of Pacific Gas & Electric Co. by 105.1% in the second quarter. Fort Washington Investment Advisors Inc OH now owns 8,000 shares of the company’s stock valued at $511,000 after buying an additional 4,100 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Pacific Gas & Electric Co. by 2.3% in the second quarter. Lord Abbett & CO. LLC now owns 568,252 shares of the company’s stock valued at $36,323,000 after buying an additional 12,563 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Pacific Gas & Electric Co. by 8.8% in the second quarter. Rhumbline Advisers now owns 719,905 shares of the company’s stock valued at $46,016,000 after buying an additional 58,162 shares in the last quarter. Institutional investors and hedge funds own 79.33% of the company’s stock.

Pacific Gas & Electric Co. (NYSE:PCG) opened at 64.02 on Friday. The company has a market cap of $31.91 billion, a P/E ratio of 42.15 and a beta of 0.20. The firm’s 50-day moving average price is $63.02 and its 200-day moving average price is $61.20. Pacific Gas & Electric Co. has a 12-month low of $50.65 and a 12-month high of $65.43.

Pacific Gas & Electric Co. (NYSE:PCG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.26. Pacific Gas & Electric Co. had a return on equity of 8.27% and a net margin of 4.51%. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.59 billion. During the same quarter in the prior year, the business posted $0.91 earnings per share. Pacific Gas & Electric Co.’s 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 equities research analysts have commented on the company. Argus restated a “buy” rating and set a $79.00 price target (up from $74.00) on shares of Pacific Gas & Electric Co. in a research note on Monday, July 25th. JPMorgan Chase & Co. restated a “buy” rating on shares of Pacific Gas & Electric Co. in a research note on Wednesday, July 6th. Zacks Investment Research raised Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Tuesday, July 12th. Citigroup Inc. reaffirmed a “hold” rating and issued a $64.00 target price (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 Pacific Gas & Electric Co. from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $60.00 to $71.00 in a research report on Friday, July 15th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Pacific Gas & Electric Co. presently has a consensus rating of “Buy” and an average target price of $66.08.

Pacific Gas & Electric Co. Company Profile

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.

5 Day Chart for NYSE:PCG

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