Pacific Gas & Electric Co. (NYSE:PCG) Given Consensus Recommendation of “Hold” by Analysts

Pacific Gas & Electric Co. (NYSE:PCG) has been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $20.05.

A number of equities analysts recently weighed in on PCG shares. Weiss Ratings restated a “hold (c-)” rating on shares of Pacific Gas & Electric in a research report on Wednesday, October 8th. Zacks Research raised shares of Pacific Gas & Electric from a “strong sell” rating to a “hold” rating in a research note on Monday, August 18th. Argus raised shares of Pacific Gas & Electric to a “hold” rating in a research note on Monday, June 16th. Barclays lifted their target price on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. Finally, UBS Group reduced their target price on shares of Pacific Gas & Electric from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, September 18th.

Hedge Funds Weigh In On Pacific Gas & Electric

A number of institutional investors have recently bought and sold shares of PCG. Deseret Mutual Benefit Administrators boosted its stake 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 valued at $37,000 after acquiring an additional 674 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Pacific Gas & Electric by 1.9% during the 1st 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. Oregon Public Employees Retirement Fund boosted its stake in Pacific Gas & Electric by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 188,411 shares of the utilities provider’s stock valued at $3,237,000 after acquiring an additional 1,010 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Pacific Gas & Electric by 3.3% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 34,867 shares of the utilities provider’s stock valued at $487,000 after acquiring an additional 1,099 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Pacific Gas & Electric by 0.4% during the 1st quarter. Allworth Financial LP now owns 272,916 shares of the utilities provider’s stock valued at $4,746,000 after acquiring an additional 1,173 shares during the last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.

Pacific Gas & Electric Stock Performance

PCG opened at $15.98 on Tuesday. The firm has a market capitalization of $42.75 billion, a PE ratio of 14.66, a PEG ratio of 1.18 and a beta of 0.58. Pacific Gas & Electric has a twelve month low of $12.97 and a twelve month high of $21.72. The firm’s 50-day moving average price is $15.27 and its 200 day moving average price is $15.48. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.81.

Pacific Gas & Electric (NYSE:PCG) last posted its quarterly earnings results on Monday, May 15th. The utilities provider reported $0.30 earnings per share for the quarter. The firm had revenue of $5.80 billion for the quarter. Pacific Gas & Electric had a net margin of 9.95% and a return on equity of 10.13%. As a group, sell-side analysts expect that Pacific Gas & Electric will post 1.49 EPS for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.10 dividend on an annualized basis and a yield of 0.6%. Pacific Gas & Electric’s payout ratio is 9.17%.

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.