Pacific Gas & Electric Co. (NYSE:PCG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 6.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 718,043 shares of the utilities provider's stock after selling 49,248 shares during the period. Victory Capital Management Inc.'s holdings in Pacific Gas & Electric were worth $12,336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC lifted its position in Pacific Gas & Electric by 1,233.6% during 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 in the last quarter. Colonial Trust Co SC lifted its position in Pacific Gas & Electric by 563.0% during 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 in the last quarter. Deseret Mutual Benefit Administrators lifted its position in 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 acquiring an additional 674 shares in the last quarter. Larson Financial Group LLC lifted its position in Pacific Gas & Electric by 198.1% during 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 in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in Pacific Gas & Electric by 431.2% during the 1st quarter. Golden State Wealth Management LLC now owns 3,469 shares of the utilities provider's stock worth $60,000 after acquiring an additional 2,816 shares in the last quarter. 78.56% of the stock is owned by institutional investors and hedge funds.

Pacific Gas & Electric Stock Performance

Shares of NYSE PCG traded up $0.24 during trading on Friday, reaching $14.09. The stock had a trading volume of 30,885,087 shares, compared to its average volume of 22,811,028. 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 quick ratio of 0.90 and a current ratio of 0.95. The stock has a market cap of $37.68 billion, a PE ratio of 12.92, a P/E/G ratio of 1.05 and a beta of 0.55. The firm's 50 day moving average price is $14.71 and its two-hundred day moving average price is $15.94.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.33 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 the consensus estimate of $6.23 billion. Pacific Gas & Electric had a return on equity of 10.35% and a net margin of 9.81%. Pacific Gas & Electric's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 earnings per share. On average, research analysts forecast that Pacific Gas & Electric Co. will post 1.49 earnings per share for the current fiscal year.

Pacific Gas & Electric Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a yield of 0.71%. Pacific Gas & Electric's payout ratio is currently 9.17%.

Insider Buying and Selling

In other Pacific Gas & Electric news, EVP Carla J. Peterman sold 32,519 shares of the business'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 completion of the transaction, the executive vice president owned 151,116 shares in the company, valued at approximately $2,614,306.80. The trade was a 17.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BMO Capital Markets dropped their price objective on Pacific Gas & Electric from $23.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Mizuho lifted their price objective on Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Wells Fargo & Company restated an "overweight" rating and set a $24.00 price objective on shares of Pacific Gas & Electric in a report on Friday, April 25th. Guggenheim lifted their price objective on Pacific Gas & Electric from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Finally, Argus upgraded Pacific Gas & Electric to a "hold" rating in a report on Monday, June 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.