Allianz Asset Management GmbH Grows Stock Holdings in Pacific Gas & Electric Co. (NYSE:PCG)

Allianz Asset Management GmbH increased its holdings in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 323.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,709 shares of the utilities provider's stock after purchasing an additional 102,120 shares during the quarter. Allianz Asset Management GmbH's holdings in Pacific Gas & Electric were worth $2,297,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PCG. True Wealth Design LLC grew its holdings in Pacific Gas & Electric by 1,233.6% in the 4th quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider's stock worth $37,000 after acquiring an additional 1,690 shares during the last quarter. Deseret Mutual Benefit Administrators grew its holdings in Pacific Gas & Electric by 45.0% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider's stock worth $37,000 after acquiring an additional 674 shares during the last quarter. Colonial Trust Co SC grew its holdings in Pacific Gas & Electric by 563.0% in the 4th quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock worth $39,000 after acquiring an additional 1,627 shares during the last quarter. Larson Financial Group LLC grew its holdings in Pacific Gas & Electric by 198.1% in the 1st quarter. Larson Financial Group LLC now owns 3,050 shares of the utilities provider's stock worth $52,000 after acquiring an additional 2,027 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Pacific Gas & Electric by 124.9% in the 1st quarter. Versant Capital Management Inc now owns 3,470 shares of the utilities provider's stock worth $60,000 after acquiring an additional 1,927 shares during the last quarter. Institutional investors own 78.56% of the company's stock.

Pacific Gas & Electric Stock Up 0.8%

NYSE:PCG traded up $0.11 during mid-day trading on Friday, hitting $14.13. 27,502,809 shares of the company's stock were exchanged, compared to its average volume of 22,902,908. Pacific Gas & Electric Co. has a one year low of $12.97 and a one year high of $21.72. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.95 and a quick ratio of 0.90. The business has a fifty day moving average price of $14.44 and a 200 day moving average price of $15.85. The company has a market cap of $37.80 billion, a PE ratio of 12.96, a P/E/G ratio of 1.04 and a beta of 0.54.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). Pacific Gas & Electric had a return on equity of 10.26% and a net margin of 9.95%. The business had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the previous year, the firm earned $0.31 EPS. The company's revenue was down 1.5% on a year-over-year basis. Equities analysts predict that Pacific Gas & Electric Co. will post 1.49 EPS for the current year.

Pacific Gas & Electric Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Guggenheim raised their price target 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. BMO Capital Markets reduced 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. 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. Wells Fargo & Company reiterated an "overweight" rating and set a $24.00 price target on shares of Pacific Gas & Electric in a research report on Friday, April 25th. Finally, Barclays reduced 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Pacific Gas & Electric presently has an average rating of "Moderate Buy" and a consensus target price of $20.55.

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.