GSA Capital Partners LLP Acquires 43,165 Shares of Pacific Gas & Electric Co. (NYSE:PCG)

GSA Capital Partners LLP raised its holdings in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 128.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,877 shares of the utilities provider's stock after acquiring an additional 43,165 shares during the quarter. GSA Capital Partners LLP's holdings in Pacific Gas & Electric were worth $1,321,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its stake in Pacific Gas & Electric by 55.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 77,846 shares of the utilities provider's stock valued at $1,337,000 after acquiring an additional 27,832 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in 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 valued at $60,000 after acquiring an additional 2,816 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Pacific Gas & Electric by 738.7% in the first quarter. GAMMA Investing LLC now owns 176,043 shares of the utilities provider's stock valued at $3,024,000 after purchasing an additional 155,052 shares during the period. Blue Trust Inc. raised its position in shares of 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 during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Pacific Gas & Electric by 138.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 254,549 shares of the utilities provider's stock valued at $4,373,000 after purchasing an additional 147,964 shares during the period. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PCG shares. Mizuho lifted their price target on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. BMO Capital Markets dropped 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. 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 research report on Wednesday, April 23rd. Barclays dropped their price target on shares of Pacific Gas & Electric from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 22nd. Finally, Morgan Stanley set a $18.00 price target on shares of Pacific Gas & Electric and gave the company an "underweight" rating in a research report on Thursday, May 22nd. 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $20.55.

Pacific Gas & Electric Stock Performance

PCG stock traded up $0.11 on Friday, reaching $14.13. 27,502,809 shares of the company were exchanged, compared to its average volume of 22,902,908. Pacific Gas & Electric Co. has a 12 month low of $12.97 and a 12 month high of $21.72. The stock's fifty day moving average price is $14.44 and its 200 day moving average price is $15.85. The firm has a market capitalization of $37.80 billion, a PE ratio of 12.96, a PEG ratio of 1.04 and a beta of 0.54. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.95 and a quick ratio of 0.90.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.02). The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.37 billion. Pacific Gas & Electric had a return on equity of 10.26% and a net margin of 9.95%. The company's revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.31 EPS. On average, research analysts anticipate that Pacific Gas & Electric Co. will post 1.49 EPS for the current fiscal year.

Pacific Gas & Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 30th. Pacific Gas & Electric's payout ratio is 9.17%.

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.