Pacific Gas & Electric Co. (NYSE:PCG) Shares Bought by Cwm LLC

CWM LLC lifted its holdings in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 191.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 272,332 shares of the utilities provider's stock after buying an additional 178,810 shares during the period. CWM LLC's holdings in Pacific Gas & Electric were worth $4,679,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new position in Pacific Gas & Electric during the 4th quarter valued at about $2,175,000. HighTower Advisors LLC grew its holdings in Pacific Gas & Electric by 5.1% during the 4th quarter. HighTower Advisors LLC now owns 151,670 shares of the utilities provider's stock valued at $3,061,000 after purchasing an additional 7,322 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Pacific Gas & Electric by 5.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 33,707 shares of the utilities provider's stock valued at $680,000 after purchasing an additional 1,630 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Pacific Gas & Electric by 5.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 42,183 shares of the utilities provider's stock valued at $851,000 after purchasing an additional 2,052 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Pacific Gas & Electric by 200.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 59,602 shares of the utilities provider's stock valued at $1,203,000 after purchasing an additional 39,790 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on PCG. Barclays cut their price target on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. BMO Capital Markets dropped their target price on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Guggenheim upped their target price on shares of Pacific Gas & Electric from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Mizuho upped their target price on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Finally, Evercore ISI upped their target price on shares of Pacific Gas & Electric from $15.00 to $17.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $20.73.

Insiders Place Their Bets

In other Pacific Gas & Electric news, EVP Carla J. Peterman sold 32,519 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $17.30, for a total value of $562,578.70. Following the completion of the sale, the executive vice president directly owned 151,116 shares in the company, valued at $2,614,306.80. This trade represents a 17.71% decrease in their ownership of the stock. 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 currently owned by company insiders.

Pacific Gas & Electric Stock Up 1.3%

Shares of NYSE PCG traded up $0.17 during midday trading on Friday, reaching $13.43. 24,502,032 shares of the company's stock traded hands, compared to its average volume of 18,867,790. 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's 50 day simple moving average is $15.14 and its 200-day simple moving average is $16.23. Pacific Gas & Electric Co. has a one year low of $12.97 and a one year high of $21.72. The company has a market cap of $35.93 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 0.93 and a beta of 0.55.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $6.23 billion. During the same quarter in the prior year, the business posted $0.37 earnings per share. Pacific Gas & Electric's revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts predict that Pacific Gas & Electric Co. will post 1.49 EPS for the current fiscal year.

Pacific Gas & Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.74%. Pacific Gas & Electric's dividend payout ratio is presently 9.17%.

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.