Vicus Capital purchased a new position in Pacific Gas & Electric Co. (NYSE:PCG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,017 shares of the utilities provider’s stock, valued at approximately $342,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Pacific Gas & Electric Co. in the 1st quarter worth approximately $118,000. Point72 Asia Hong Kong Ltd lifted its position in shares of Pacific Gas & Electric Co. by 416.6% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,477 shares of the utilities provider’s stock worth $231,000 after purchasing an additional 2,804 shares during the period. Blair William & Co. IL lifted its position in shares of Pacific Gas & Electric Co. by 7.4% in the 2nd quarter. Blair William & Co. IL now owns 4,315 shares of the utilities provider’s stock worth $286,000 after purchasing an additional 298 shares during the period. Wealthsource Partners LLC acquired a new position in shares of Pacific Gas & Electric Co. in the 2nd quarter worth approximately $420,000. Finally, Summit Global Investments lifted its position in shares of Pacific Gas & Electric Co. by 10.5% in the 1st quarter. Summit Global Investments now owns 6,850 shares of the utilities provider’s stock worth $455,000 after purchasing an additional 650 shares during the period. Hedge funds and other institutional investors own 81.14% of the company’s stock.

Shares of Pacific Gas & Electric Co. (NYSE:PCG) traded down 0.21% during mid-day trading on Tuesday, reaching $57.15. 752,757 shares of the company’s stock were exchanged. Pacific Gas & Electric Co. has a one year low of $49.83 and a one year high of $71.57. The firm has a market capitalization of $29.31 billion, a P/E ratio of 14.09 and a beta of 0.22. The stock has a 50-day moving average of $64.92 and a 200 day moving average of $67.05.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Friday, September 29th were issued a $0.53 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.12 dividend on an annualized basis and a yield of 3.70%. Pacific Gas & Electric Co.’s dividend payout ratio (DPR) is 52.35%.

In other news, Director Roger H. Kimmel acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was acquired at an average price of $69.68 per share, for a total transaction of $278,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David S. Thomason sold 700 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $69.62, for a total value of $48,734.00. Following the completion of the transaction, the vice president now owns 7,357 shares of the company’s stock, valued at approximately $512,194.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,915 shares of company stock valued at $340,377. 0.15% of the stock is owned by corporate insiders.

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PCG has been the topic of a number of recent analyst reports. Morgan Stanley restated a “buy” rating on shares of Pacific Gas & Electric Co. in a research report on Monday, October 16th. J P Morgan Chase & Co lifted their price objective on shares of Pacific Gas & Electric Co. from $74.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Goldman Sachs Group, Inc. (The) lowered shares of Pacific Gas & Electric Co. from a “conviction-buy” rating to a “buy” rating and set a $65.00 price objective for the company. in a research note on Monday, October 16th. Wells Fargo & Company lowered their price objective on shares of Pacific Gas & Electric Co. from $79.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, October 16th. Finally, BidaskClub upgraded shares of Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $67.85.

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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Institutional Ownership by Quarter for Pacific Gas & Electric Co. (NYSE:PCG)

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