Stock of the Day: Pg&e Corp’s (NYSE:PCG) Sentiment is 1.07

November 28, 2016 - By Louis Casey   ·   0 Comments

Stock of the Day: Pg&e Corp's (NYSE:PCG) Sentiment is 1.07

Sentiment for Pg&e Corp (NYSE:PCG)

Pg&e Corp (NYSE:PCG) institutional sentiment decreased to 1.07 in Q2 2016. Its down -0.40, from 1.47 in 2016Q1. The ratio has worsened, as 264 hedge funds increased and started new equity positions, while 180 decreased and sold equity positions in Pg&e Corp. The hedge funds in our partner’s database now have: 393.76 million shares, down from 402.30 million shares in 2016Q1. Also, the number of hedge funds holding Pg&e Corp in their top 10 equity positions decreased from 10 to 8 for a decrease of 2. Sold All: 30 Reduced: 150 Increased: 212 New Position: 52.

PG&E Corporation is a holding company. The company has a market cap of $30.28 billion. The Company’s primary operating subsidiary is Pacific Gas and Electric Company . It has a 35.47 P/E ratio. The Utility’s activities include sale and delivery of electricity and natural gas to customers.

The stock increased 0.99% or $0.58 on November 25, hitting $59.29. PG&E Corporation (NYSE:PCG) has risen 3.84% since April 25, 2016 and is uptrending. It has underperformed by 2.18% the S&P500.

Analysts await PG&E Corporation (NYSE:PCG) to report earnings on February, 16. They expect $1.31 earnings per share, up 162.00% or $0.81 from last year’s $0.5 per share. PCG’s profit will be $669.03M for 11.31 P/E if the $1.31 EPS becomes a reality. After $0.94 actual earnings per share reported by PG&E Corporation for the previous quarter, Wall Street now forecasts 39.36% EPS growth.

According to Zacks Investment Research, “PG&E Corporation is an energy-based holding company. Pacific Gas and Electric Company, the company’s primary subsidiary, is an operating public utility engaged principally in the business of providing electricity and natural gas distribution and transmission services throughout most of Northern and Central California.”

Luminus Management Llc holds 5.51% of its portfolio in PG&E Corporation for 2.99 million shares. Electron Capital Partners Llc owns 313,280 shares or 4.94% of their US portfolio. Moreover, Commonwealth Bank Of Australia has 3% invested in the company for 3.99 million shares. The Pennsylvania-based Symons Capital Management Inc has invested 2.91% in the stock. Capital Innovations Llc, a Wisconsin-based fund reported 12,895 shares.#img1#

PG&E Corporation (NYSE:PCG) Ratings Coverage

Ratings analysis reveals 78% of PG&E Corporation’s analysts are positive. Out of 9 Wall Street analysts rating PG&E Corporation, 7 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $54 while the high is $67. The stock’s average target of $60.21 is 1.55% above today’s ($59.29) share price. PCG was included in 18 notes of analysts from July 30, 2015. The rating was upgraded by Morgan Stanley on Tuesday, January 26 to “Overweight”. The stock has “Buy” rating given by Goldman Sachs on Wednesday, January 27. Credit Suisse downgraded PG&E Corporation (NYSE:PCG) on Thursday, July 30 to “Neutral” rating. Barclays Capital maintained the shares of PCG in a report on Friday, March 18 with “Overweight” rating. Jefferies maintained PG&E Corporation (NYSE:PCG) rating on Wednesday, October 21. Jefferies has “Buy” rating and $61 price target. Deutsche Bank upgraded the stock to “Buy” rating in Monday, April 18 report. The company was initiated on Tuesday, November 17 by Citigroup. Mizuho maintained the stock with “Buy” rating in Wednesday, June 29 report. On Friday, July 15 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The rating was maintained by Mizuho on Tuesday, May 24 with “Buy”.

PCG Company Profile

PG&E Corporation, incorporated on November 17, 1995, is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which is a public utility operating in northern and central California. The Utility’s activities 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. The Utility provides bundled services (electricity, transmission and distribution services) to clients in its service territory. The Utility owns approximately 18,400 circuit miles of interconnected transmission lines operating at voltages ranging from 60 Kilovolts to 500 Kilovolts. The Utility also operated over 90 electric transmission substations with a capacity of approximately 63,400 Megavolt amperes (MVA). The Utility’s electric transmission system is interconnected with electric power systems in the Western Electricity Coordinating Council, which includes western states, Alberta and British Columbia, and parts of Mexico.

More important recent PG&E Corporation (NYSE:PCG) news were published by: Businesswire.com which released: “Williams Elected CEO and President of PG&E Corporation as Part of Leadership …” on November 14, 2016, also Nasdaq.com published article titled: “PG&E Corporation (PCG) Lags Q3 Earnings & Revenue Estimates”, Prnewswire.com published: “PG&E Corporation Schedules Third Quarter 2016 Earnings Release and Conference Call” on October 04, 2016. More interesting news about PG&E Corporation (NYSE:PCG) was released by: Zacks.com and their article: “PGamp;E Corp (PCG) Q3 Earnings: What’s Ahead for the Stock?” with publication date: November 03, 2016.

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By Louis Casey


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