D.A. Davidson & CO. Has $955,000 Stake in Pacific Gas & Electric Co. (NYSE:PCG)

D.A. Davidson & CO. grew its position in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 446.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,599 shares of the utilities provider's stock after purchasing an additional 45,430 shares during the period. D.A. Davidson & CO.'s holdings in Pacific Gas & Electric were worth $955,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PCG. Assetmark Inc. lifted its holdings in shares of Pacific Gas & Electric by 6.0% in the fourth quarter. Assetmark Inc. now owns 91,875 shares of the utilities provider's stock valued at $1,854,000 after purchasing an additional 5,212 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of Pacific Gas & Electric by 7.0% in the fourth quarter. Atria Investments Inc now owns 43,410 shares of the utilities provider's stock valued at $876,000 after purchasing an additional 2,828 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Pacific Gas & Electric in the fourth quarter valued at about $2,175,000. Raymond James Financial Inc. bought a new stake in Pacific Gas & Electric during the fourth quarter worth about $24,770,000. Finally, Banco Santander S.A. bought a new stake in Pacific Gas & Electric during the fourth quarter worth about $333,000. 78.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Morgan Stanley set a $18.00 target price on Pacific Gas & Electric and gave the stock an "underweight" rating in a report on Thursday, May 22nd. Jefferies Financial Group upped 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. UBS Group lowered Pacific Gas & Electric from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $22.00 to $19.00 in a report on Wednesday, March 19th. Mizuho upped their target price on Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Guggenheim upped their price objective on Pacific Gas & Electric from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. One research 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 MarketBeat, Pacific Gas & Electric has a consensus rating of "Moderate Buy" and an average price target of $20.73.

Insider Transactions at Pacific Gas & Electric

In other Pacific Gas & Electric news, EVP Carla J. Peterman sold 32,519 shares of Pacific Gas & Electric stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $17.30, for a total value of $562,578.70. Following the completion of the transaction, the executive vice president directly owned 151,116 shares of the company's stock, valued at $2,614,306.80. The trade was a 17.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

Pacific Gas & Electric Stock Performance

Shares of Pacific Gas & Electric stock traded down $0.08 on Thursday, hitting $13.45. The stock had a trading volume of 5,714,353 shares, compared to its average volume of 18,530,368. Pacific Gas & Electric Co. has a twelve month low of $13.34 and a twelve month high of $21.72. The business's 50 day moving average is $15.59 and its two-hundred day moving average is $16.51. The company has a quick ratio of 0.90, a current ratio of 0.95 and a debt-to-equity ratio of 1.79. The stock has a market cap of $35.97 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 0.97 and a beta of 0.55.

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

Pacific Gas & Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Monday, June 30th. Pacific Gas & Electric's dividend payout ratio is currently 9.17%.

About Pacific Gas & Electric

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.