Strs Ohio Has $20.60 Million Position in Pacific Gas & Electric Co. (PCG)

Strs Ohio raised its stake in shares of Pacific Gas & Electric Co. (NYSE:PCG) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 310,310 shares of the utilities provider’s stock after buying an additional 965 shares during the period. Strs Ohio owned approximately 0.06% of Pacific Gas & Electric Co. worth $20,595,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. First Foundation Advisors increased its stake in Pacific Gas & Electric Co. by 0.4% in the first quarter. First Foundation Advisors now owns 4,258 shares of the utilities provider’s stock valued at $283,000 after buying an additional 16 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in Pacific Gas & Electric Co. by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 1,958 shares of the utilities provider’s stock valued at $130,000 after buying an additional 21 shares in the last quarter. Transamerica Financial Advisors Inc. increased its stake in Pacific Gas & Electric Co. by 0.4% in the first quarter. Transamerica Financial Advisors Inc. now owns 9,448 shares of the utilities provider’s stock valued at $627,000 after buying an additional 36 shares in the last quarter. Mackenzie Financial Corp increased its stake in Pacific Gas & Electric Co. by 1.1% in the first quarter. Mackenzie Financial Corp now owns 3,803 shares of the utilities provider’s stock valued at $252,000 after buying an additional 43 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in Pacific Gas & Electric Co. by 1.2% in the first quarter. Stratos Wealth Partners LTD. now owns 4,800 shares of the utilities provider’s stock valued at $319,000 after buying an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 81.28% of the company’s stock.

Pacific Gas & Electric Co. (PCG) traded down 0.16% during midday trading on Friday, hitting $69.02. The stock had a trading volume of 2,199,929 shares. The firm has a 50 day moving average price of $67.22 and a 200 day moving average price of $66.39. Pacific Gas & Electric Co. has a one year low of $57.60 and a one year high of $70.32. The stock has a market cap of $35.39 billion, a PE ratio of 17.02 and a beta of 0.21.

Pacific Gas & Electric Co. (NYSE:PCG) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.07. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.34 billion. Pacific Gas & Electric Co. had a net margin of 11.48% and a return on equity of 11.63%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 EPS. Equities analysts expect that Pacific Gas & Electric Co. will post $3.67 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Friday, June 30th were given a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This is a boost from Pacific Gas & Electric Co.’s previous quarterly dividend of $0.49. This represents a $2.12 annualized dividend and a dividend yield of 3.07%. Pacific Gas & Electric Co.’s payout ratio is presently 52.35%.

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Several research analysts have recently issued reports on PCG shares. Jefferies Group LLC reissued a “buy” rating and issued a $76.00 target price on shares of Pacific Gas & Electric Co. in a research report on Sunday, July 30th. BidaskClub raised Pacific Gas & Electric Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. BMO Capital Markets reissued a “hold” rating and set a $69.00 target price on shares of Pacific Gas & Electric Co. in a research note on Thursday, July 13th. Mizuho reissued a “buy” rating and set a $74.00 target price on shares of Pacific Gas & Electric Co. in a research note on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Pacific Gas & Electric Co. in a research note on Tuesday, June 27th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $69.60.

In related news, COO Nickolas Stavropoulos sold 11,085 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $67.37, for a total transaction of $746,796.45. Following the completion of the transaction, the chief operating officer now directly owns 68,268 shares in the company, valued at approximately $4,599,215.16. The transaction was disclosed in a filing with the SEC, 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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