Blair William & Co. IL Acquires 298 Shares of Pacific Gas & Electric Co. (NYSE:PCG)

Blair William & Co. IL raised its holdings in shares of Pacific Gas & Electric Co. (NYSE:PCG) by 7.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,315 shares of the utilities provider’s stock after buying an additional 298 shares during the quarter. Blair William & Co. IL’s holdings in Pacific Gas & Electric Co. were worth $286,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Pacific Gas & Electric Co. by 2,407.4% in the first quarter. BlackRock Inc. now owns 36,985,297 shares of the utilities provider’s stock valued at $2,454,345,000 after purchasing an additional 35,510,230 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Pacific Gas & Electric Co. by 5.8% in the first quarter. Vanguard Group Inc. now owns 36,028,473 shares of the utilities provider’s stock valued at $2,390,850,000 after purchasing an additional 1,961,671 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of Pacific Gas & Electric Co. by 24.2% in the first quarter. OppenheimerFunds Inc. now owns 7,751,085 shares of the utilities provider’s stock valued at $514,361,000 after purchasing an additional 1,510,789 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Pacific Gas & Electric Co. by 16.4% in the first quarter. JPMorgan Chase & Co. now owns 10,404,637 shares of the utilities provider’s stock valued at $690,453,000 after purchasing an additional 1,464,199 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Pacific Gas & Electric Co. by 348.9% in the first quarter. BNP Paribas Arbitrage SA now owns 586,729 shares of the utilities provider’s stock valued at $38,935,000 after purchasing an additional 456,026 shares in the last quarter. Institutional investors own 80.91% of the company’s stock.

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In related news, COO Nickolas Stavropoulos sold 1,101 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $69.43, for a total value of $76,442.43. Following the completion of the transaction, the chief operating officer now directly owns 63,661 shares in the company, valued at approximately $4,419,983.23. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David S. Thomason sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $69.62, for a total transaction of $48,734.00. Following the completion of the transaction, the vice president now owns 7,357 shares of the company’s stock, valued at $512,194.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,915 shares of company stock valued at $340,377. 0.15% of the stock is owned by company insiders.

Pacific Gas & Electric Co. (NYSE:PCG) opened at 68.90 on Friday. Pacific Gas & Electric Co. has a 52 week low of $57.60 and a 52 week high of $71.57. The stock’s 50 day moving average price is $69.61 and its 200 day moving average price is $67.68. The firm has a market cap of $35.33 billion, a price-to-earnings ratio of 16.99 and a beta of 0.22.

Pacific Gas & Electric Co. (NYSE:PCG) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.07. Pacific Gas & Electric Co. had a net margin of 11.48% and a return on equity of 11.63%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the business earned $0.66 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts predict that Pacific Gas & Electric Co. will post $3.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Friday, September 29th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.12 dividend on an annualized basis and a yield of 3.08%. Pacific Gas & Electric Co.’s payout ratio is currently 52.35%.

A number of analysts have weighed in on PCG shares. Jefferies Group LLC reiterated a “buy” rating and issued a $75.00 price target on shares of Pacific Gas & Electric Co. in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Pacific Gas & Electric Co. in a research report on Tuesday, June 27th. Royal Bank Of Canada set a $70.00 price target on Pacific Gas & Electric Co. and gave the company a “buy” rating in a research report on Saturday, June 3rd. Mizuho reiterated a “buy” rating and issued a $74.00 price target on shares of Pacific Gas & Electric Co. in a research report on Thursday, July 13th. Finally, ValuEngine upgraded Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $70.30.

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), 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.

Institutional Ownership by Quarter for Pacific Gas & Electric Co. (NYSE:PCG)

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