Canada Pension Plan Investment Board increased its position in shares of Pacific Gas & Electric Co. (NYSE:PCG) by 8.5% during the second quarter, Holdings Channel reports. The firm owned 1,052,879 shares of the utilities provider’s stock after buying an additional 82,620 shares during the period. Canada Pension Plan Investment Board’s holdings in Pacific Gas & Electric Co. were worth $69,880,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PCG. Harbour Capital Advisors LLC bought a new stake in Pacific Gas & Electric Co. during the first quarter worth about $100,000. Oppenheimer Asset Management Inc. bought a new stake in Pacific Gas & Electric Co. during the first quarter worth about $118,000. Assetmark Inc. raised its stake in Pacific Gas & Electric Co. by 8.8% in the first quarter. Assetmark Inc. now owns 1,949 shares of the utilities provider’s stock worth $129,000 after buying an additional 157 shares during the period. Guardian Life Insurance Co. of America raised its stake in Pacific Gas & Electric Co. by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 1,958 shares of the utilities provider’s stock worth $130,000 after buying an additional 21 shares during the period. Finally, Shepherd Financial Partners LLC bought a new stake in Pacific Gas & Electric Co. during the first quarter worth about $201,000. Institutional investors and hedge funds own 81.28% of the company’s stock.

Shares of Pacific Gas & Electric Co. (PCG) opened at 69.13 on Friday. The firm has a market cap of $35.45 billion, a price-to-earnings ratio of 17.04 and a beta of 0.21. Pacific Gas & Electric Co. has a 52 week low of $57.60 and a 52 week high of $70.32. The firm’s 50-day moving average price is $67.21 and its 200-day moving average price is $66.33.

Pacific Gas & Electric Co. (NYSE:PCG) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.34 billion. Pacific Gas & Electric Co. had a return on equity of 11.63% and a net margin of 11.48%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. Equities research analysts expect that Pacific Gas & Electric Co. will post $3.67 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Friday, June 30th were paid a $0.53 dividend. The ex-dividend date was Wednesday, June 28th. This is a positive change from Pacific Gas & Electric Co.’s previous quarterly dividend of $0.49. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.07%. Pacific Gas & Electric Co.’s payout ratio is presently 52.35%.

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A number of research firms have recently issued reports on PCG. Royal Bank Of Canada set a $70.00 target price on Pacific Gas & Electric Co. and gave the company a “buy” rating in a research note on Saturday, June 3rd. BMO Capital Markets reiterated a “hold” rating and issued a $69.00 target price on shares of Pacific Gas & Electric Co. in a research note on Thursday, July 13th. BidaskClub upgraded Pacific Gas & Electric Co. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $76.00 target price on shares of Pacific Gas & Electric Co. in a research note on Sunday, July 30th. Finally, Mizuho reiterated a “buy” rating and issued a $74.00 target price on shares of Pacific Gas & Electric Co. in a research note on Thursday, July 13th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $69.60.

In other news, COO Nickolas Stavropoulos sold 11,085 shares of Pacific Gas & Electric Co. stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $67.37, for a total value of $746,796.45. Following the transaction, the chief operating officer now directly owns 68,268 shares in the company, valued at $4,599,215.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.15% of the company’s stock.

About Pacific Gas & Electric Co.

PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central California. The Utility is engaged in the 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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Institutional Ownership by Quarter for Pacific Gas & Electric Co. (NYSE:PCG)

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