Pacific Gas & Electric Co. (NYSE:PCG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Pacific Gas & Electric Co. (NYSE:PCG) has been given a consensus rating of “Moderate Buy” by the fifteen analysts that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.6364.

A number of research analysts have recently commented on the company. Cowen began coverage on Pacific Gas & Electric in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. BMO Capital Markets raised their price objective on Pacific Gas & Electric from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Jefferies Financial Group boosted their target price on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Wall Street Zen lowered shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Barclays lifted their price target on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st.

Insider Activity at Pacific Gas & Electric

In related news, Director John O. Larsen bought 7,500 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average cost of $15.96 per share, with a total value of $119,700.00. Following the completion of the purchase, the director owned 18,111 shares in the company, valued at approximately $289,051.56. The trade was a 70.68% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of Pacific Gas & Electric

Institutional investors and hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of Pacific Gas & Electric in the third quarter worth approximately $27,000. Versant Capital Management Inc lifted its position in Pacific Gas & Electric by 826.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,945 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 1,735 shares in the last quarter. Costello Asset Management INC bought a new position in Pacific Gas & Electric in the 1st quarter valued at approximately $31,000. Cornerstone Planning Group LLC increased its holdings in shares of Pacific Gas & Electric by 3,240.8% in the 3rd quarter. Cornerstone Planning Group LLC now owns 2,372 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 2,301 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Pacific Gas & Electric in the first quarter worth $39,000. 78.56% of the stock is currently owned by institutional investors.

Pacific Gas & Electric Trading Down 1.4%

Shares of PCG opened at $15.73 on Wednesday. Pacific Gas & Electric has a fifty-two week low of $12.97 and a fifty-two week high of $21.72. The firm has a market cap of $34.56 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 0.66 and a beta of 0.59. The firm has a 50 day moving average price of $15.95 and a 200-day moving average price of $15.32. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.89 and a current ratio of 0.94.

Pacific Gas & Electric (NYSE:PCG) last announced its quarterly earnings results on Monday, May 15th. The utilities provider reported $0.30 EPS for the quarter. The business had revenue of $5.80 billion for the quarter. Pacific Gas & Electric had a return on equity of 11.10% and a net margin of 10.93%. As a group, equities research analysts forecast that Pacific Gas & Electric will post 1.49 earnings per share for the current year.

Pacific Gas & Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.025 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.10 dividend on an annualized basis and a yield of 0.6%. Pacific Gas & Electric’s payout ratio is presently 8.40%.

Pacific Gas & Electric Company Profile

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.