Wealth Enhancement Advisory Services LLC Buys 147,964 Shares of Pacific Gas & Electric Co. (NYSE:PCG)

Wealth Enhancement Advisory Services LLC raised its position in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 138.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 254,549 shares of the utilities provider's stock after purchasing an additional 147,964 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Pacific Gas & Electric were worth $4,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Level Four Advisory Services LLC grew 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 acquiring an additional 772 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Pacific Gas & Electric by 1.9% in the first quarter. Farther Finance Advisors LLC now owns 42,747 shares of the utilities provider's stock valued at $738,000 after acquiring an additional 785 shares during the last quarter. Optiver Holding B.V. raised its holdings in Pacific Gas & Electric by 23.9% during the fourth quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock worth $86,000 after acquiring an additional 825 shares in the last quarter. Parallel Advisors LLC grew its stake in Pacific Gas & Electric by 2.4% in the first quarter. Parallel Advisors LLC now owns 38,625 shares of the utilities provider's stock valued at $664,000 after purchasing an additional 887 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Pacific Gas & Electric by 14.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,971 shares of the utilities provider's stock worth $161,000 after purchasing an additional 996 shares during the last quarter. 78.56% of the stock is owned by institutional investors and hedge funds.

Pacific Gas & Electric Stock Performance

Pacific Gas & Electric stock traded down $0.11 during midday trading on Friday, hitting $13.98. The company's stock had a trading volume of 31,193,948 shares, compared to its average volume of 18,277,924. 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 has a market cap of $37.39 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.00 and a beta of 0.60. Pacific Gas & Electric Co. has a 1-year low of $13.34 and a 1-year high of $21.72. The company has a 50-day moving average price of $16.13 and a two-hundred day moving average price of $16.83.

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 the consensus estimate of $0.35 by ($0.02). The company had revenue of $5.98 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. As a group, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Monday, June 30th. Pacific Gas & Electric's dividend payout ratio is currently 9.17%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Mizuho boosted their target price on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Evercore ISI boosted their price objective on shares of Pacific Gas & Electric from $15.00 to $17.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. Wells Fargo & Company reiterated an "overweight" rating and issued a $24.00 target price on shares of Pacific Gas & Electric in a research note on Friday, April 25th. BMO Capital Markets lowered their price target on Pacific Gas & Electric from $23.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Finally, UBS Group lowered Pacific Gas & Electric from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $22.00 to $19.00 in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.73.

Insider Activity

In other Pacific Gas & Electric 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 value of $562,578.70. Following the sale, the executive vice president now owns 151,116 shares of the company's stock, valued at approximately $2,614,306.80. This trade represents a 17.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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.