Mizuho Reiterates Hold Rating for Pacific Gas and Electric (PCG)

Pacific Gas and Electric (NYSE:PCG)‘s stock had its “hold” rating reissued by investment analysts at Mizuho in a research report issued to clients and investors on Thursday. They currently have a $46.00 price objective on the utilities provider’s stock. Mizuho’s price objective suggests a potential upside of 4.62% from the company’s previous close.

Several other analysts have also commented on the stock. Edward Jones upgraded shares of Pacific Gas and Electric from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Pacific Gas and Electric from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Tuesday. JPMorgan Chase reiterated a “buy” rating and issued a $50.00 price target (down from $57.00) on shares of Pacific Gas and Electric in a research report on Wednesday, February 21st. Wells Fargo reiterated a “market perform” rating and issued a $45.00 price target (down from $60.00) on shares of Pacific Gas and Electric in a research report on Monday, February 12th. Finally, UBS began coverage on shares of Pacific Gas and Electric in a research report on Friday, February 2nd. They issued a “neutral” rating and a $48.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $56.17.

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PCG stock opened at $43.97 on Thursday. The company has a market capitalization of $22,380.56, a PE ratio of 11.95, a price-to-earnings-growth ratio of 2.76 and a beta of -0.01. Pacific Gas and Electric has a 12 month low of $37.30 and a 12 month high of $71.57. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91.

Pacific Gas and Electric (NYSE:PCG) last released its quarterly earnings results on Friday, February 9th. The utilities provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.06). The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.83 billion. Pacific Gas and Electric had a net margin of 9.69% and a return on equity of 9.93%. During the same quarter in the prior year, the company earned $1.33 earnings per share. equities analysts anticipate that Pacific Gas and Electric will post 3.81 EPS for the current fiscal year.

In other Pacific Gas and Electric news, SVP Julie Kane sold 936 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $41.93, for a total transaction of $39,246.48. Following the transaction, the senior vice president now owns 17,602 shares of the company’s stock, valued at $738,051.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John R. Simon sold 3,211 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $41.93, for a total transaction of $134,637.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,875 shares of company stock worth $372,129. 0.15% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Focused Wealth Management Inc purchased a new position in Pacific Gas and Electric during the fourth quarter worth approximately $108,000. Bronfman E.L. Rothschild L.P. raised its stake in Pacific Gas and Electric by 122.1% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,463 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 1,354 shares during the period. Ford Financial Group Inc. purchased a new position in Pacific Gas and Electric during the fourth quarter worth approximately $110,000. Compagnie Lombard Odier SCmA purchased a new position in Pacific Gas and Electric during the fourth quarter worth approximately $142,000. Finally, Wolverine Asset Management LLC purchased a new position in Pacific Gas and Electric during the fourth quarter worth approximately $154,000. 81.19% of the stock is currently owned by institutional investors.

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About Pacific Gas and Electric

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California, the United States. The company's electricity distribution network consists of approximately 107,200 circuit miles of distribution lines, 59 transmission switching substations, and 605 distribution substations; and electricity transmission network comprises approximately 19,200 circuit miles of interconnected transmission lines and 92 electric transmission substations.

Analyst Recommendations for Pacific Gas and Electric (NYSE:PCG)

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