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

A number of research firms have recently weighed in on PCG. Argus reiterated a “buy” rating and set a $79.00 price target (up from $74.00) on shares of Pacific Gas & Electric Co. in a report on Monday, July 25th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Pacific Gas & Electric Co. in a 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 target for the company in a report on Tuesday, July 12th. Citigroup Inc. restated a “hold” rating and set a $64.00 target price (up from $54.00) on shares of Pacific Gas & Electric Co. in a report on Wednesday, July 20th. Finally, Royal Bank Of Canada upgraded Pacific Gas & Electric Co. from a “sector perform” rating to an “outperform” rating and raised their target price 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 issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.08.

A number of institutional investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co raised its stake in shares of Pacific Gas & Electric Co. by 818.0% in the second quarter. Paloma Partners Management Co now owns 89,739 shares of the company’s stock valued at $5,737,000 after buying an additional 79,963 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of Pacific Gas & Electric Co. by 25.2% in the second quarter. Janus Capital Management LLC now owns 1,575,089 shares of the company’s stock valued at $100,679,000 after buying an additional 317,017 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. 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. Finally, 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. Hedge funds and other institutional investors own 79.33% of the company’s stock.

Pacific Gas & Electric Co. (NYSE:PCG) opened at 64.02 on Friday. The stock has a market cap of $31.91 billion, a PE ratio of 42.15 and a beta of 0.20. The stock has a 50 day moving average price of $63.02 and a 200 day moving average price of $61.20. Pacific Gas & Electric Co. has a 52 week low of $50.65 and a 52 week high of $65.43.

Pacific Gas & Electric Co. (NYSE:PCG) last released its earnings results on Thursday, July 28th. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.26. The business earned $4.17 billion during the quarter, compared to analyst estimates of $4.59 billion. Pacific Gas & Electric Co. had a net margin of 4.51% and a return on equity of 8.27%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. On average, equities analysts predict that Pacific Gas & Electric Co. will post $3.72 earnings per share for the current year.

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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