Pacific Gas & Electric Co. (NYSE:PCG) VP David S. Thomason sold 700 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $56.82, for a total transaction of $39,774.00. Following the completion of the sale, the vice president now owns 6,657 shares in the company, valued at $378,250.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Pacific Gas & Electric Co. (NYSE PCG) traded down $1.15 during trading hours on Friday, reaching $54.00. The company’s stock had a trading volume of 7,720,970 shares, compared to its average volume of 3,045,442. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. Pacific Gas & Electric Co. has a 52 week low of $49.83 and a 52 week high of $71.57. The stock has a market cap of $28,370.00, a PE ratio of 12.95, a PEG ratio of 3.66 and a beta of 0.17.

Pacific Gas & Electric Co. (NYSE:PCG) last released its earnings results on Thursday, November 2nd. The utilities provider reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.18. Pacific Gas & Electric Co. had a return on equity of 11.94% and a net margin of 12.59%. The company had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the business posted $0.94 EPS. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. sell-side analysts forecast that Pacific Gas & Electric Co. will post 3.69 EPS for the current year.

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Several equities research analysts have commented on PCG shares. Zacks Investment Research upgraded shares of Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Monday, November 6th. Morgan Stanley reissued a “buy” rating on shares of Pacific Gas & Electric Co. in a research note on Monday, October 16th. Wells Fargo & Company dropped their price target on Pacific Gas & Electric Co. from $79.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, October 16th. Goldman Sachs Group, Inc. (The) cut Pacific Gas & Electric Co. from a “conviction-buy” rating to a “buy” rating and set a $65.00 price target on the stock. in a research note on Monday, October 16th. Finally, J P Morgan Chase & Co lifted their price target on Pacific Gas & Electric Co. from $74.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Pacific Gas & Electric Co. currently has an average rating of “Buy” and an average target price of $67.77.

A number of large investors have recently added to or reduced their stakes in the business. Blair William & Co. IL grew its stake in Pacific Gas & Electric Co. by 7.4% during the 2nd quarter. Blair William & Co. IL now owns 4,315 shares of the utilities provider’s stock valued at $286,000 after acquiring an additional 298 shares in the last quarter. IFP Advisors Inc grew its stake in Pacific Gas & Electric Co. by 6.4% during the 2nd quarter. IFP Advisors Inc now owns 8,662 shares of the utilities provider’s stock valued at $575,000 after acquiring an additional 519 shares in the last quarter. Country Trust Bank grew its stake in Pacific Gas & Electric Co. by 0.3% during the 2nd quarter. Country Trust Bank now owns 218,660 shares of the utilities provider’s stock valued at $14,512,000 after acquiring an additional 620 shares in the last quarter. Strs Ohio grew its stake in shares of Pacific Gas & Electric Co. by 0.3% in the 2nd quarter. Strs Ohio now owns 310,310 shares of the utilities provider’s stock valued at $20,595,000 after buying an additional 965 shares in the last quarter. Finally, Piedmont Investment Advisors LLC grew its stake in shares of Pacific Gas & Electric Co. by 0.9% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 110,358 shares of the utilities provider’s stock valued at $7,514,000 after buying an additional 1,022 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

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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