Nomura Holdings Inc. Raises Holdings in Pacific Gas & Electric Co. (PCG)

Nomura Holdings Inc. boosted its position in shares of Pacific Gas & Electric Co. (NYSE:PCG) by 591.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 44,550 shares of the utilities provider’s stock after acquiring an additional 38,110 shares during the quarter. Nomura Holdings Inc.’s holdings in Pacific Gas & Electric Co. were worth $2,955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbour Capital Advisors LLC acquired a new stake in Pacific Gas & Electric Co. during the 1st quarter worth about $100,000. Oppenheimer Asset Management Inc. acquired a new stake in Pacific Gas & Electric Co. during the 1st quarter worth about $118,000. Guardian Life Insurance Co. of America lifted its position in Pacific Gas & Electric Co. by 1.1% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,958 shares of the utilities provider’s stock worth $130,000 after acquiring an additional 21 shares during the period. Investment Centers of America Inc. acquired a new stake in Pacific Gas & Electric Co. during the 1st quarter worth about $212,000. Finally, Point72 Asia Hong Kong Ltd lifted its position in Pacific Gas & Electric Co. by 416.6% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,477 shares of the utilities provider’s stock worth $231,000 after acquiring an additional 2,804 shares during the period. 80.91% of the stock is owned by institutional investors.

In related news, VP David S. Thomason sold 700 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $69.62, for a total value of $48,734.00. Following the completion of the sale, the vice president now owns 7,357 shares in the company, valued at $512,194.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Roger H. Kimmel acquired 4,000 shares of Pacific Gas & Electric Co. stock in a transaction that occurred on Tuesday, September 5th. The stock was purchased at an average price of $69.68 per share, with a total value of $278,720.00. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 4,915 shares of company stock valued at $340,377. 0.15% of the stock is owned by insiders.

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PCG has been the subject of a number of research reports. BidaskClub raised Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Barclays PLC lifted their price target on Pacific Gas & Electric Co. from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, September 22nd. ValuEngine raised Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Pacific Gas & Electric Co. in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $76.00 price target on shares of Pacific Gas & Electric Co. in a research report on Sunday, July 30th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $70.70.

Pacific Gas & Electric Co. (NYSE:PCG) traded down 6.76% during trading on Friday, hitting $60.14. The company’s stock had a trading volume of 10,505,181 shares. The firm has a market cap of $30.84 billion, a PE ratio of 14.83 and a beta of 0.22. Pacific Gas & Electric Co. has a one year low of $56.32 and a one year high of $71.57. The company has a 50-day moving average of $69.33 and a 200 day moving average of $67.92.

Pacific Gas & Electric Co. (NYSE:PCG) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.86 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 firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. On average, equities analysts forecast that Pacific Gas & Electric Co. will post $3.68 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Friday, September 29th will be given a $0.53 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.12 dividend on an annualized basis and a yield of 3.29%. Pacific Gas & Electric Co.’s payout ratio is currently 52.35%.

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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