Pacific Gas & Electric (NYSE:PCG) Stock Rating Upgraded by UBS Group

Pacific Gas & Electric (NYSE:PCG) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, MarketBeat reports.

Several other brokerages have also commented on PCG. Morgan Stanley set a $23.00 price objective on shares of Pacific Gas & Electric in a report on Friday, February 20th. JPMorgan Chase & Co. lowered their price objective on shares of Pacific Gas & Electric from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, December 12th. Mizuho set a $21.00 target price on Pacific Gas & Electric in a report on Wednesday, January 21st. Wells Fargo & Company raised their target price on Pacific Gas & Electric from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Pacific Gas & Electric in a report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.09.

Pacific Gas & Electric Stock Performance

NYSE PCG opened at $18.16 on Monday. The firm has a market cap of $39.92 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 0.70 and a beta of 0.33. The company has a 50-day simple moving average of $16.65 and a two-hundred day simple moving average of $16.02. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 1.84. Pacific Gas & Electric has a 12-month low of $12.97 and a 12-month high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last issued its earnings results on Wednesday, February 11th. The utilities provider reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Pacific Gas & Electric had a return on equity of 11.28% and a net margin of 10.84%.The company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $7.05 billion. During the same period in the prior year, the business posted $0.31 EPS. On average, equities analysts forecast that Pacific Gas & Electric will post 1.49 EPS for the current year.

Insider Buying and Selling

In other news, EVP John R. Simon sold 45,607 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $18.00, for a total transaction of $820,926.00. Following the transaction, the executive vice president directly owned 392,303 shares of the company’s stock, valued at $7,061,454. This represents a 10.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.15% of the company’s stock.

Institutional Trading of Pacific Gas & Electric

Large investors have recently modified their holdings of the company. Root Financial Partners LLC bought a new position in Pacific Gas & Electric in the third quarter valued at about $27,000. Tobam bought a new stake in shares of Pacific Gas & Electric during the 4th quarter valued at about $30,000. Versant Capital Management Inc increased its position in shares of Pacific Gas & Electric by 826.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,945 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 1,735 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Pacific Gas & Electric during the 4th quarter valued at about $33,000. Finally, Modus Advisors LLC bought a new position in shares of Pacific Gas & Electric in the 4th quarter worth approximately $36,000. Institutional investors own 78.56% of the company’s stock.

Pacific Gas & Electric Company Profile

Pacific Gas & Electric (NYSE: PCG) is an investor-owned utility holding company whose principal operating subsidiary, Pacific Gas and Electric Company, provides electricity and natural gas service in northern and central California. The company’s core activities include the generation, procurement, transmission and distribution of electric power, as well as the transmission and distribution of natural gas. PG&E serves a broad mix of residential, commercial, and industrial customers across urban and rural communities within its California service territory.

PG&E’s operations encompass utility infrastructure planning and construction, grid operations, customer service and energy procurement.