Pacific Gas & Electric Co. (NYSE:PCG) Shares Bought by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. lifted its position in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 342,461 shares of the utilities provider's stock after acquiring an additional 20,419 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in Pacific Gas & Electric were worth $5,883,000 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. Assetmark Inc. grew its position in Pacific Gas & Electric by 6.0% in the 4th quarter. Assetmark Inc. now owns 91,875 shares of the utilities provider's stock worth $1,854,000 after purchasing an additional 5,212 shares during the period. Atria Investments Inc lifted its stake in Pacific Gas & Electric by 7.0% in the 4th quarter. Atria Investments Inc now owns 43,410 shares of the utilities provider's stock worth $876,000 after purchasing an additional 2,828 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Pacific Gas & Electric in the 4th quarter worth $2,175,000. Aigen Investment Management LP purchased a new stake in shares of Pacific Gas & Electric during the 4th quarter valued at about $344,000. Finally, Raymond James Financial Inc. bought a new position in Pacific Gas & Electric during the 4th quarter valued at about $24,770,000. Institutional investors own 78.56% of the company's stock.

Pacific Gas & Electric Stock Performance

Shares of PCG stock traded up $0.02 during mid-day trading on Tuesday, hitting $13.66. The stock had a trading volume of 13,938,283 shares, compared to its average volume of 18,459,723. Pacific Gas & Electric Co. has a fifty-two week low of $13.34 and a fifty-two week high of $21.72. The firm has a market cap of $36.55 billion, a PE ratio of 12.53, a PEG ratio of 0.98 and a beta of 0.55. 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 company's 50-day simple moving average is $15.72 and its 200-day simple moving average is $16.55.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $6.23 billion. Pacific Gas & Electric had a net margin of 9.81% and a return on equity of 10.35%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. Sell-side analysts anticipate that Pacific Gas & Electric Co. will post 1.49 earnings per share for the current year.

Pacific Gas & Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.10 annualized dividend and a dividend yield of 0.73%. Pacific Gas & Electric's dividend payout ratio is currently 9.17%.

Wall Street Analyst Weigh In

PCG has been the topic of a number of research analyst reports. 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. Jefferies Financial Group upped their target price on shares of Pacific Gas & Electric from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Morgan Stanley set a $18.00 price objective on shares of Pacific Gas & Electric and gave the company an "underweight" rating in a research note on Thursday, May 22nd. Finally, Argus raised shares of Pacific Gas & Electric to a "hold" rating in a research report on Monday, June 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $20.73.

Insider Activity

In related 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 sale, the executive vice president directly owned 151,116 shares of the company's stock, valued at approximately $2,614,306.80. This trade represents a 17.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.