Pacific Gas & Electric Co. (NYSE:PCG) Position Decreased by Nomura Holdings Inc.

Nomura Holdings Inc. lowered its stake in shares of Pacific Gas & Electric Co. (NYSE:PCG) by 86.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,440 shares of the utilities provider’s stock after selling 41,895 shares during the period. Nomura Holdings Inc.’s holdings in Pacific Gas & Electric Co. were worth $427,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PCG. Eastern Bank purchased a new position in shares of Pacific Gas & Electric Co. during the first quarter valued at approximately $481,000. Jacobs & Co. CA raised its position in Pacific Gas & Electric Co. by 44.7% in the first quarter. Jacobs & Co. CA now owns 5,555 shares of the utilities provider’s stock valued at $368,000 after buying an additional 1,717 shares in the last quarter. Regentatlantic Capital LLC raised its position in Pacific Gas & Electric Co. by 31.2% in the first quarter. Regentatlantic Capital LLC now owns 7,008 shares of the utilities provider’s stock valued at $465,000 after buying an additional 1,665 shares in the last quarter. E&G Advisors LP raised its position in Pacific Gas & Electric Co. by 58.5% in the first quarter. E&G Advisors LP now owns 10,300 shares of the utilities provider’s stock valued at $684,000 after buying an additional 3,800 shares in the last quarter. Finally, National Pension Service raised its stake in shares of Pacific Gas & Electric Co. by 5.2% in the first quarter. National Pension Service now owns 382,799 shares of the utilities provider’s stock worth $25,403,000 after buying an additional 18,884 shares during the period. 81.39% of the stock is owned by institutional investors.

Pacific Gas & Electric Co. (PCG) opened at 66.48 on Tuesday. The company has a market cap of $33.97 billion, a price-to-earnings ratio of 18.04 and a beta of 0.21. Pacific Gas & Electric Co. has a one year low of $57.60 and a one year high of $70.32. The firm has a 50-day moving average price of $67.54 and a 200 day moving average price of $65.07.

Pacific Gas & Electric Co. (NYSE:PCG) last announced its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.23. The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.15 billion. Pacific Gas & Electric Co. had a net margin of 10.42% and a return on equity of 11.33%. During the same quarter last year, the firm earned $0.82 earnings per share. Equities analysts expect that Pacific Gas & Electric Co. will post $3.67 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Friday, June 30th were issued a $0.53 dividend. This is a positive change from Pacific Gas & Electric Co.’s previous quarterly dividend of $0.49. This represents a $2.12 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Wednesday, June 28th. Pacific Gas & Electric Co.’s payout ratio is currently 57.77%.

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A number of analysts recently commented on PCG shares. BidaskClub lowered Pacific Gas & Electric Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut Pacific Gas & Electric Co. from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Jefferies Group LLC lifted their price objective on Pacific Gas & Electric Co. from $71.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. Deutsche Bank AG boosted their target price on Pacific Gas & Electric Co. from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, April 11th. Finally, Citigroup Inc. boosted their price target on Pacific Gas & Electric Co. from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $70.36.

In other Pacific Gas & Electric Co. news, COO Nickolas Stavropoulos sold 11,085 shares of Pacific Gas & Electric Co. stock in a transaction on Friday, May 26th. The shares were sold at an average price of $67.37, for a total value of $746,796.45. Following the transaction, the chief operating officer now directly owns 68,268 shares of the company’s stock, valued at $4,599,215.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by insiders.

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.

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

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