Pacific Gas & Electric Co. (PCG) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank raised its position in shares of Pacific Gas & Electric Co. (NYSE:PCG) by 12.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,839 shares of the utilities provider’s stock after buying an additional 21,509 shares during the quarter. Toronto Dominion Bank’s holdings in Pacific Gas & Electric Co. were worth $13,265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PCG. Russell Investments Group Ltd. boosted its holdings in shares of Pacific Gas & Electric Co. by 3.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,111,145 shares of the utilities provider’s stock worth $140,089,000 after purchasing an additional 69,556 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Pacific Gas & Electric Co. by 1.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,691,774 shares of the utilities provider’s stock worth $112,283,000 after purchasing an additional 30,786 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Pacific Gas & Electric Co. by 48.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,557,779 shares of the utilities provider’s stock worth $106,069,000 after purchasing an additional 504,900 shares during the period. Rhumbline Advisers boosted its holdings in shares of Pacific Gas & Electric Co. by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 873,361 shares of the utilities provider’s stock worth $57,965,000 after purchasing an additional 20,608 shares during the period. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Pacific Gas & Electric Co. by 3.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 559,793 shares of the utilities provider’s stock worth $37,153,000 after purchasing an additional 17,900 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

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In other Pacific Gas & Electric Co. news, VP David S. Thomason sold 700 shares of Pacific Gas & Electric Co. stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $69.62, for a total transaction of $48,734.00. Following the completion of the sale, the vice president now directly owns 7,357 shares of the company’s stock, valued at approximately $512,194.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Nickolas Stavropoulos sold 1,101 shares of Pacific Gas & Electric Co. stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $69.43, for a total value of $76,442.43. Following the sale, the chief operating officer now directly owns 63,661 shares of the company’s stock, valued at $4,419,983.23. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,682 shares of company stock valued at $186,344. 0.15% of the stock is currently owned by corporate insiders.

PCG has been the subject of a number of recent research reports. J P Morgan Chase & Co lifted their target price on Pacific Gas & Electric Co. from $74.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) cut Pacific Gas & Electric Co. from a “conviction-buy” rating to a “buy” rating and set a $65.00 target price for the company. in a report on Monday, October 16th. Bank of America Corporation initiated coverage on Pacific Gas & Electric Co. in a report on Tuesday, October 24th. They issued a “neutral” rating and a $59.00 target price for the company. Mizuho reiterated a “buy” rating and issued a $78.00 target price on shares of Pacific Gas & Electric Co. in a report on Monday, October 9th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Pacific Gas & Electric Co. in a report on Monday, October 16th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $67.77.

Pacific Gas & Electric Co. (PCG) traded down $0.06 on Tuesday, reaching $56.89. The company had a trading volume of 5,047,500 shares, compared to its average volume of 2,984,762. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. The stock has a market cap of $29,296.38, a PE ratio of 13.03, a P/E/G ratio of 3.69 and a beta of 0.17. Pacific Gas & Electric Co. has a one year low of $49.83 and a one year high of $71.57.

Pacific Gas & Electric Co. (NYSE:PCG) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.18. The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.82 billion. Pacific Gas & Electric Co. had a return on equity of 11.94% and a net margin of 12.59%. Pacific Gas & Electric Co.’s revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 EPS. sell-side analysts anticipate that Pacific Gas & Electric Co. will post 3.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Friday, September 29th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, September 28th. Pacific Gas & Electric Co.’s dividend payout ratio (DPR) is presently 48.74%.

Pacific Gas & Electric Co. Company Profile

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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