Cambridge Investment Research Advisors Inc. Has $1.34 Million Stake in Pacific Gas & Electric Co. (NYSE:PCG)

Cambridge Investment Research Advisors Inc. lifted its holdings in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 55.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,846 shares of the utilities provider's stock after purchasing an additional 27,832 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Pacific Gas & Electric were worth $1,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Avantra Family Wealth Inc. lifted its stake in shares of Pacific Gas & Electric by 15.9% in the first quarter. Avantra Family Wealth Inc. now owns 23,624 shares of the utilities provider's stock valued at $406,000 after buying an additional 3,234 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Pacific Gas & Electric by 299.1% during the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 63,494 shares of the utilities provider's stock worth $1,091,000 after purchasing an additional 47,583 shares in the last quarter. Chico Wealth RIA lifted its holdings in Pacific Gas & Electric by 14.7% in the first quarter. Chico Wealth RIA now owns 30,815 shares of the utilities provider's stock valued at $529,000 after buying an additional 3,957 shares during the period. Stonegate Investment Group LLC lifted its holdings in Pacific Gas & Electric by 20.4% in the first quarter. Stonegate Investment Group LLC now owns 17,403 shares of the utilities provider's stock valued at $299,000 after buying an additional 2,953 shares during the period. Finally, Blue Trust Inc. increased its stake in Pacific Gas & Electric by 38.1% in the first quarter. Blue Trust Inc. now owns 5,316 shares of the utilities provider's stock valued at $91,000 after purchasing an additional 1,468 shares in the last quarter. Institutional investors and hedge funds own 78.56% of the company's stock.

Pacific Gas & Electric Stock Down 0.6%

Shares of NYSE PCG opened at $13.91 on Friday. The firm has a market cap of $37.20 billion, a PE ratio of 12.76, a P/E/G ratio of 0.99 and a beta of 0.55. Pacific Gas & Electric Co. has a 12-month low of $13.34 and a 12-month high of $21.72. The company's fifty day simple moving average is $15.86 and its 200 day simple moving average is $16.67. 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 released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $6.23 billion. Pacific Gas & Electric had a return on equity of 10.35% and a net margin of 9.81%. The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 EPS. As a group, sell-side analysts forecast that Pacific Gas & Electric Co. will post 1.49 earnings per share for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

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

Insider Transactions at Pacific Gas & Electric

In related news, EVP Carla J. Peterman sold 32,519 shares of the firm's stock in a transaction dated 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 sale, the executive vice president owned 151,116 shares in the company, valued at approximately $2,614,306.80. This trade represents a 17.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.14% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PCG. Mizuho increased their price objective on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. BMO Capital Markets lowered their price target on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. UBS Group lowered shares of Pacific Gas & Electric from a "buy" rating to a "neutral" rating and decreased their target price for the company from $22.00 to $19.00 in a report on Wednesday, March 19th. Jefferies Financial Group lifted their price target on shares of Pacific Gas & Electric from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, Guggenheim upped their price target on shares of Pacific Gas & Electric from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $20.73.

Pacific Gas & Electric 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.

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