Pacific Gas & Electric Co. (NYSE:PCG) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its holdings in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 68.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 541,844 shares of the utilities provider's stock after buying an additional 220,077 shares during the period. Xponance Inc.'s holdings in Pacific Gas & Electric were worth $9,309,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators boosted its stake in shares of Pacific Gas & Electric by 45.0% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider's stock worth $37,000 after purchasing an additional 674 shares during the period. Level Four Advisory Services LLC boosted its stake in shares of Pacific Gas & Electric by 7.5% during the 4th quarter. Level Four Advisory Services LLC now owns 11,066 shares of the utilities provider's stock worth $223,000 after purchasing an additional 772 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Pacific Gas & Electric by 1.9% during the 1st quarter. Farther Finance Advisors LLC now owns 42,747 shares of the utilities provider's stock worth $738,000 after purchasing an additional 785 shares during the period. Optiver Holding B.V. boosted its position in Pacific Gas & Electric by 23.9% in the 4th quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock valued at $86,000 after buying an additional 825 shares during the period. Finally, Parallel Advisors LLC boosted its position in Pacific Gas & Electric by 2.4% in the 1st quarter. Parallel Advisors LLC now owns 38,625 shares of the utilities provider's stock valued at $664,000 after buying an additional 887 shares during the period. 78.56% of the stock is currently owned by institutional investors.

Pacific Gas & Electric Stock Down 2.8%

Shares of NYSE PCG traded down $0.38 during trading hours on Tuesday, hitting $13.01. 28,404,640 shares of the stock were exchanged, compared to its average volume of 23,188,031. 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 company has a market cap of $34.81 billion, a PE ratio of 11.94, a PEG ratio of 0.95 and a beta of 0.55. The firm has a fifty day moving average price of $15.46 and a 200-day moving average price of $16.37. Pacific Gas & Electric Co. has a 12 month low of $12.97 and a 12 month high of $21.72.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $6.23 billion. Pacific Gas & Electric had a net margin of 9.81% and a return on equity of 10.35%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS. On average, sell-side analysts expect that Pacific Gas & Electric Co. will post 1.49 EPS for the current year.

Pacific Gas & Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Monday, June 30th. Pacific Gas & Electric's dividend payout ratio (DPR) is presently 9.17%.

Wall Street Analyst Weigh In

PCG has been the subject of several research reports. BMO Capital Markets lowered their price objective on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Barclays reduced 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 report on Wednesday, April 9th. Evercore ISI boosted their price target on shares of 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 lowered 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 report on Wednesday, March 19th. Finally, Mizuho boosted their price target on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Monday, May 19th. One research 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's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $20.73.

Insider Transactions at Pacific Gas & Electric

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

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.