Analysts predict that Pacific Gas & Electric Co. (NYSE:PCG) will post earnings per share of $0.99 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Pacific Gas & Electric Co.’s earnings. The highest EPS estimate is $1.04 and the lowest is $0.96. Pacific Gas & Electric Co. posted earnings per share of $0.94 during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.3%. The company is scheduled to report its next earnings results on Friday, November 3rd.

According to Zacks, analysts expect that Pacific Gas & Electric Co. will report full year earnings of $3.67 per share for the current year, with EPS estimates ranging from $3.65 to $3.71. For the next fiscal year, analysts forecast that the company will report earnings of $3.82 per share, with EPS estimates ranging from $3.75 to $3.85. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow Pacific Gas & Electric Co..

Pacific Gas & Electric Co. (NYSE:PCG) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.07. Pacific Gas & Electric Co. had a return on equity of 11.63% and a net margin of 11.48%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the company earned $0.66 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis.

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada set a $70.00 target price on Pacific Gas & Electric Co. and gave the company a “buy” rating in a report on Saturday, June 3rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $69.00 target price on shares of Pacific Gas & Electric Co. in a report on Thursday, July 13th. BidaskClub raised Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Mizuho reaffirmed a “buy” rating and issued a $74.00 target price on shares of Pacific Gas & Electric Co. in a report on Thursday, July 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $76.00 target price on shares of Pacific Gas & Electric Co. in a report on Sunday, July 30th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $69.60.

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Shares of Pacific Gas & Electric Co. (NYSE:PCG) opened at 70.08 on Monday. Pacific Gas & Electric Co. has a 12-month low of $57.60 and a 12-month high of $70.35. The firm has a market capitalization of $35.94 billion, a price-to-earnings ratio of 17.28 and a beta of 0.21. The company has a 50-day moving average price of $68.04 and a 200 day moving average price of $66.99.

In other Pacific Gas & Electric Co. news, COO Nickolas Stavropoulos sold 1,101 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $69.43, for a total transaction of $76,442.43. Following the completion of the transaction, the chief operating officer now directly owns 63,661 shares of the company’s stock, valued at $4,419,983.23. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John R. Simon sold 881 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $69.43, for a total value of $61,167.83. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,915 shares of company stock valued at $340,377. 0.15% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of PCG. BlackRock Inc. increased its stake in Pacific Gas & Electric Co. by 2,407.4% in the first quarter. BlackRock Inc. now owns 36,985,297 shares of the utilities provider’s stock valued at $2,454,345,000 after buying an additional 35,510,230 shares in the last quarter. Vanguard Group Inc. increased its stake in Pacific Gas & Electric Co. by 5.8% in the first quarter. Vanguard Group Inc. now owns 36,028,473 shares of the utilities provider’s stock valued at $2,390,850,000 after buying an additional 1,961,671 shares in the last quarter. State Street Corp increased its stake in Pacific Gas & Electric Co. by 1.1% in the first quarter. State Street Corp now owns 25,542,342 shares of the utilities provider’s stock valued at $1,695,150,000 after buying an additional 271,704 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Pacific Gas & Electric Co. by 16.4% in the first quarter. JPMorgan Chase & Co. now owns 10,404,637 shares of the utilities provider’s stock valued at $690,453,000 after buying an additional 1,464,199 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Pacific Gas & Electric Co. by 3.5% in the first quarter. American Century Companies Inc. now owns 7,817,463 shares of the utilities provider’s stock valued at $518,767,000 after buying an additional 260,739 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

About Pacific Gas & Electric Co.

PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial, and agricultural customers.

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