US Bancorp DE Has $2.23 Million Holdings in Pacific Gas & Electric Co. (NYSE:PCG)

US Bancorp DE trimmed its stake in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 43.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 129,734 shares of the utilities provider's stock after selling 98,203 shares during the period. US Bancorp DE's holdings in Pacific Gas & Electric were worth $2,229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC grew its stake 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 valued at $37,000 after buying an additional 1,690 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Pacific Gas & Electric by 45.0% during the first quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 674 shares during the period. Colonial Trust Co SC grew its position in shares of Pacific Gas & Electric by 563.0% in the fourth quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock valued at $39,000 after purchasing an additional 1,627 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Pacific Gas & Electric by 198.1% in the first quarter. Larson Financial Group LLC now owns 3,050 shares of the utilities provider's stock worth $52,000 after purchasing an additional 2,027 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Pacific Gas & Electric by 124.9% during the 1st quarter. Versant Capital Management Inc now owns 3,470 shares of the utilities provider's stock worth $60,000 after purchasing an additional 1,927 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Pacific Gas & Electric Price Performance

Shares of PCG stock traded down $0.07 during mid-day trading on Friday, reaching $14.98. The company's stock had a trading volume of 23,290,035 shares, compared to its average volume of 23,619,273. Pacific Gas & Electric Co. has a 1-year low of $12.97 and a 1-year high of $21.72. The company has a market cap of $40.08 billion, a P/E ratio of 13.74, a PEG ratio of 1.13 and a beta of 0.54. The firm's 50-day moving average is $14.19 and its two-hundred day moving average is $15.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.89 and a current ratio of 0.94.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.02). The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.37 billion. Pacific Gas & Electric had a return on equity of 10.13% and a net margin of 9.95%. The company's revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. On average, research analysts predict that Pacific Gas & Electric Co. will post 1.49 earnings per share for the current year.

Pacific Gas & Electric Dividend Announcement

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

Analyst Upgrades and Downgrades

PCG has been the topic of a number of research analyst reports. Argus raised Pacific Gas & Electric to a "hold" rating in a report on Monday, June 16th. Guggenheim raised their price objective 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. Jefferies Financial Group upped their target price on shares of Pacific Gas & Electric from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Morgan Stanley set a $18.00 price target on shares of Pacific Gas & Electric and gave the company an "underweight" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets dropped their price objective on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $20.55.

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.