IFM Investors Pty Ltd Boosts Stock Position in Pacific Gas & Electric Co. (NYSE:PCG)

IFM Investors Pty Ltd grew its stake in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 767,668 shares of the utilities provider's stock after buying an additional 62,108 shares during the period. IFM Investors Pty Ltd's holdings in Pacific Gas & Electric were worth $13,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Pacific Gas & Electric by 55.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 77,846 shares of the utilities provider's stock worth $1,337,000 after buying an additional 27,832 shares during the last quarter. GAMMA Investing LLC boosted its stake in Pacific Gas & Electric by 738.7% in the first quarter. GAMMA Investing LLC now owns 176,043 shares of the utilities provider's stock worth $3,024,000 after buying an additional 155,052 shares in the last quarter. Blue Trust Inc. grew its position in Pacific Gas & Electric by 38.1% during the first quarter. Blue Trust Inc. now owns 5,316 shares of the utilities provider's stock valued at $91,000 after acquiring an additional 1,468 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Pacific Gas & Electric by 138.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 254,549 shares of the utilities provider's stock worth $4,373,000 after acquiring an additional 147,964 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Pacific Gas & Electric by 14.5% during the fourth quarter. Cetera Investment Advisers now owns 101,240 shares of the utilities provider's stock valued at $2,043,000 after buying an additional 12,847 shares during the period. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Evercore ISI boosted their price target on Pacific Gas & Electric from $15.00 to $17.00 and gave the company an "in-line" rating in a report on Monday, April 28th. UBS Group cut shares of Pacific Gas & Electric from a "buy" rating to a "neutral" rating and reduced their price target for the company from $22.00 to $19.00 in a research report on Wednesday, March 19th. Wells Fargo & Company reissued an "overweight" rating and issued a $24.00 target price on shares of Pacific Gas & Electric in a research report on Friday, April 25th. Barclays lowered their price target on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Finally, Guggenheim upped their price objective on shares of Pacific Gas & Electric from $16.00 to $17.00 and gave the stock a "neutral" rating in a report 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 stock has a consensus rating of "Moderate Buy" and an average price target of $20.73.

Pacific Gas & Electric Stock Performance

Shares of NYSE:PCG traded down $0.09 during mid-day trading on Friday, reaching $13.91. 15,953,592 shares of the company traded hands, compared to its average volume of 18,436,635. The firm has a market cap of $37.20 billion, a PE ratio of 12.76, a PEG ratio of 0.98 and a beta of 0.55. Pacific Gas & Electric Co. has a 52 week low of $13.34 and a 52 week high of $21.72. The company's 50 day moving average price is $15.79 and its 200-day moving average price is $16.62. 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 posted its quarterly earnings results on Thursday, April 24th. The utilities provider reported $0.33 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 during the quarter, compared to analysts' expectations of $6.23 billion. During the same period in the prior year, the firm posted $0.37 earnings per share. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts expect that Pacific Gas & Electric Co. will post 1.49 EPS for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given 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 dividend yield of 0.72%. Pacific Gas & Electric's dividend payout ratio is currently 9.17%.

Insiders Place Their Bets

In related news, EVP Carla J. Peterman sold 32,519 shares of Pacific Gas & Electric stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $17.30, for a total value of $562,578.70. Following the sale, the executive vice president directly owned 151,116 shares in the company, valued at approximately $2,614,306.80. The trade was a 17.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.

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.