Robeco Institutional Asset Management B.V. Raises Stock Holdings in Pacific Gas & Electric Co. (NYSE:PCG)

Robeco Institutional Asset Management B.V. increased its position in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 597.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 500,909 shares of the utilities provider's stock after buying an additional 429,140 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Pacific Gas & Electric were worth $8,606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Illinois Municipal Retirement Fund increased its position in Pacific Gas & Electric by 37.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 67,647 shares of the utilities provider's stock valued at $1,365,000 after purchasing an additional 18,585 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Pacific Gas & Electric during the 4th quarter valued at $2,175,000. US Bancorp DE increased its position in Pacific Gas & Electric by 63.0% during the 4th quarter. US Bancorp DE now owns 227,937 shares of the utilities provider's stock valued at $4,600,000 after buying an additional 88,118 shares in the last quarter. Metis Global Partners LLC increased its position in Pacific Gas & Electric by 5.5% during the 4th quarter. Metis Global Partners LLC now owns 159,911 shares of the utilities provider's stock valued at $3,227,000 after buying an additional 8,403 shares in the last quarter. Finally, Levin Capital Strategies L.P. boosted its stake in Pacific Gas & Electric by 6.3% in the 4th quarter. Levin Capital Strategies L.P. now owns 982,231 shares of the utilities provider's stock worth $19,821,000 after purchasing an additional 57,809 shares in the last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PCG has been the topic of a number of analyst reports. Mizuho upped their price target 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. BMO Capital Markets dropped 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 note on Monday, April 14th. Evercore ISI upped their target price on shares of Pacific Gas & Electric from $15.00 to $17.00 and gave the company an "in-line" rating in a research note on Monday, April 28th. UBS Group cut shares of Pacific Gas & Electric from a "buy" rating to a "neutral" rating and lowered their target price for the company from $22.00 to $19.00 in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $24.00 target price on shares of Pacific Gas & Electric in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.73.

Pacific Gas & Electric Trading Down 0.7%

Pacific Gas & Electric stock opened at $13.98 on Monday. The firm has a 50 day moving average of $16.13 and a 200 day moving average of $16.79. The firm has a market capitalization of $37.39 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 0.99 and a beta of 0.60. Pacific Gas & Electric Co. has a 12-month low of $13.34 and a 12-month high of $21.72. The company has a current ratio of 0.95, a quick ratio of 0.90 and a debt-to-equity ratio of 1.79.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last announced 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 company had revenue of $5.98 billion for the quarter, compared to analysts' expectations of $6.23 billion. During the same period last year, the business earned $0.37 earnings per share. The company's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts predict that Pacific Gas & Electric Co. will post 1.49 earnings per share for the current year.

Pacific Gas & Electric Announces Dividend

The firm 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 of this dividend is Monday, June 30th. This represents a $0.10 annualized dividend and a dividend yield of 0.72%. Pacific Gas & Electric's dividend payout ratio (DPR) is 9.17%.

Insider Transactions at Pacific Gas & Electric

In other news, EVP Carla J. Peterman sold 32,519 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $17.30, for a total transaction of $562,578.70. Following the transaction, the executive vice president now owns 151,116 shares in the company, valued at approximately $2,614,306.80. This trade represents a 17.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.15% of the company's stock.

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.

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