71,108 Shares in Pacific Gas & Electric Co. (NYSE:PCG) Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC acquired a new stake in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 71,108 shares of the utilities provider's stock, valued at approximately $1,222,000.

Several other institutional investors have also modified their holdings of the stock. True Wealth Design LLC lifted its holdings in Pacific Gas & Electric by 1,233.6% in the 4th quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 1,690 shares in the last quarter. Colonial Trust Co SC raised its position in shares of Pacific Gas & Electric by 563.0% in the fourth quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock valued at $39,000 after buying an additional 1,627 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Pacific Gas & Electric by 431.2% in the first quarter. Golden State Wealth Management LLC now owns 3,469 shares of the utilities provider's stock worth $60,000 after buying an additional 2,816 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Pacific Gas & Electric by 124.9% in the first quarter. Versant Capital Management Inc now owns 3,470 shares of the utilities provider's stock worth $60,000 after buying an additional 1,927 shares in the last quarter. Finally, Optiver Holding B.V. boosted its position in Pacific Gas & Electric by 23.9% during the fourth quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock worth $86,000 after acquiring an additional 825 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company's stock.

Pacific Gas & Electric Trading Down 0.6%

NYSE:PCG traded down $0.09 on Thursday, reaching $13.91. The company's stock had a trading volume of 15,953,592 shares, compared to its average volume of 18,436,635. Pacific Gas & Electric Co. has a 12-month low of $13.34 and a 12-month high of $21.72. The stock has a 50 day moving average price of $15.86 and a 200 day moving average price of $16.67. The firm has a market cap of $37.20 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 0.99 and a beta of 0.55. The company has a quick ratio of 0.90, a current ratio of 0.95 and a debt-to-equity ratio of 1.79.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.02). Pacific Gas & Electric had a return on equity of 10.35% and a net margin of 9.81%. The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $6.23 billion. During the same period in the previous year, the business posted $0.37 earnings per share. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Pacific Gas & Electric Co. will post 1.49 EPS for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Monday, June 30th. Pacific Gas & Electric's dividend payout ratio (DPR) is 9.17%.

Insider Activity at Pacific Gas & Electric

In related news, EVP Carla J. Peterman sold 32,519 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $17.30, for a total transaction of $562,578.70. Following the completion of the transaction, the executive vice president owned 151,116 shares of the company's stock, valued at approximately $2,614,306.80. This trade represents a 17.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

PCG has been the subject of several research reports. Mizuho increased their price objective on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Jefferies Financial Group boosted their target price on Pacific Gas & Electric from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $24.00 price target on shares of Pacific Gas & Electric in a report on Friday, April 25th. Argus upgraded Pacific Gas & Electric to a "hold" rating in a research report on Monday, June 16th. Finally, Guggenheim boosted their price objective on Pacific Gas & Electric from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $20.73.

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.