Xact Kapitalforvaltning AB Invests $2,041,000 in Pacific Gas & Electric Co. (PCG), Report finds

Xact Kapitalforvaltning AB Invests $2,041,000 in Pacific Gas & Electric Co. (PCG), Report finds

Xact Kapitalforvaltning AB purchased a new stake in Pacific Gas & Electric Co. (NYSE:PCG) during the third quarter, Holdings Channel reports. The firm purchased 33,358 shares of the company’s stock, valued at approximately $2,041,000.

Several other large investors have also recently made changes to their positions in the company. World Asset Management Inc raised its stake in shares of Pacific Gas & Electric Co. by 1.5% in the second quarter. World Asset Management Inc now owns 50,827 shares of the company’s stock valued at $3,249,000 after buying an additional 763 shares during the period. SG Americas Securities LLC increased its position in shares of Pacific Gas & Electric Co. by 0.5% in the second quarter. SG Americas Securities LLC now owns 159,396 shares of the company’s stock valued at $10,189,000 after buying an additional 858 shares in the last quarter. Wealthsource Partners LLC increased its position in shares of Pacific Gas & Electric Co. by 4.1% in the second quarter. Wealthsource Partners LLC now owns 6,545 shares of the company’s stock valued at $418,000 after buying an additional 260 shares in the last quarter. Personal Capital Advisors Corp increased its position in shares of Pacific Gas & Electric Co. by 39.4% in the second quarter. Personal Capital Advisors Corp now owns 48,548 shares of the company’s stock valued at $3,103,000 after buying an additional 13,713 shares in the last quarter. Finally, Williams Jones & Associates LLC bought a new position in shares of Pacific Gas & Electric Co. during the second quarter valued at about $278,000. 81.14% of the stock is currently owned by institutional investors and hedge funds.

Pacific Gas & Electric Co. (NYSE:PCG) traded up 2.17% during mid-day trading on Wednesday, hitting $63.17. The stock had a trading volume of 2,835,309 shares. The firm’s 50-day moving average is $61.07 and its 200 day moving average is $61.29. Pacific Gas & Electric Co. has a one year low of $54.45 and a one year high of $65.43. The stock has a market cap of $31.94 billion, a PE ratio of 37.92 and a beta of 0.21.

The firm also recently announced a quarterly dividend, which was paid on Sunday, January 15th. Investors of record on Friday, December 30th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Wednesday, December 28th. Pacific Gas & Electric Co.’s payout ratio is 117.37%.

Several research analysts recently issued reports on the company. Barclays PLC lifted their price objective on Pacific Gas & Electric Co. to $65.00 in a research report on Wednesday. Jefferies Group LLC restated a “buy” rating and set a $68.50 price objective (down from $70.00) on shares of Pacific Gas & Electric Co. in a research report on Tuesday, November 8th. Zacks Investment Research upgraded Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, January 24th. RBC Capital Markets restated a “buy” rating and set a $71.00 price objective on shares of Pacific Gas & Electric Co. in a research report on Wednesday, January 4th. Finally, Goldman Sachs Group, Inc. (The) upgraded Pacific Gas & Electric Co. from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $67.00 in a research report on Monday, October 17th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $67.73.

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). The Utility’s operations include 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.

Want to see what other hedge funds are holding PCG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pacific Gas & Electric Co. (NYSE:PCG).

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Xact Kapitalforvaltning AB Invests $2,041,000 in Pacific Gas & Electric Co. (PCG)

Xact Kapitalforvaltning AB Invests $2,041,000 in Pacific Gas & Electric Co. (PCG)

Xact Kapitalforvaltning AB purchased a new stake in Pacific Gas & Electric Co. (NYSE:PCG) during the third quarter, Holdings Channel reports. The firm purchased 33,358 shares of the company’s stock, valued at approximately $2,041,000.

Several other large investors have also recently made changes to their positions in the company. World Asset Management Inc raised its stake in shares of Pacific Gas & Electric Co. by 1.5% in the second quarter. World Asset Management Inc now owns 50,827 shares of the company’s stock valued at $3,249,000 after buying an additional 763 shares during the period. SG Americas Securities LLC increased its position in shares of Pacific Gas & Electric Co. by 0.5% in the second quarter. SG Americas Securities LLC now owns 159,396 shares of the company’s stock valued at $10,189,000 after buying an additional 858 shares in the last quarter. Wealthsource Partners LLC increased its position in shares of Pacific Gas & Electric Co. by 4.1% in the second quarter. Wealthsource Partners LLC now owns 6,545 shares of the company’s stock valued at $418,000 after buying an additional 260 shares in the last quarter. Personal Capital Advisors Corp increased its position in shares of Pacific Gas & Electric Co. by 39.4% in the second quarter. Personal Capital Advisors Corp now owns 48,548 shares of the company’s stock valued at $3,103,000 after buying an additional 13,713 shares in the last quarter. Finally, Williams Jones & Associates LLC bought a new position in shares of Pacific Gas & Electric Co. during the second quarter valued at about $278,000. 81.14% of the stock is currently owned by institutional investors and hedge funds.

Pacific Gas & Electric Co. (NYSE:PCG) traded up 2.17% during mid-day trading on Wednesday, hitting $63.17. The stock had a trading volume of 2,835,309 shares. The firm’s 50-day moving average is $61.07 and its 200 day moving average is $61.29. Pacific Gas & Electric Co. has a one year low of $54.45 and a one year high of $65.43. The stock has a market cap of $31.94 billion, a PE ratio of 37.92 and a beta of 0.21.

The firm also recently announced a quarterly dividend, which was paid on Sunday, January 15th. Investors of record on Friday, December 30th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Wednesday, December 28th. Pacific Gas & Electric Co.’s payout ratio is 117.37%.

Several research analysts recently issued reports on the company. Barclays PLC lifted their price objective on Pacific Gas & Electric Co. to $65.00 in a research report on Wednesday. Jefferies Group LLC restated a “buy” rating and set a $68.50 price objective (down from $70.00) on shares of Pacific Gas & Electric Co. in a research report on Tuesday, November 8th. Zacks Investment Research upgraded Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, January 24th. RBC Capital Markets restated a “buy” rating and set a $71.00 price objective on shares of Pacific Gas & Electric Co. in a research report on Wednesday, January 4th. Finally, Goldman Sachs Group, Inc. (The) upgraded Pacific Gas & Electric Co. from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $67.00 in a research report on Monday, October 17th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $67.73.

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). The Utility’s operations include 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.

Want to see what other hedge funds are holding PCG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pacific Gas & Electric Co. (NYSE:PCG).

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