PG&E Corporation (PCG) : Pensionfund Sabic added new position in PG&E Corporation during the most recent quarter end. The investment management firm now holds 31,000 shares of PG&E Corporation which is valued at $1.8 Million according to a report filed by the company on Apr 4, 2016 with the SEC.PG&E Corporation makes up approximately 0.56% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands added PCG to its portfolio by purchasing 65,000 company shares during the most recent quarter which is valued at $3.8 Million. PG&E Corporation makes up approx 0.52% of Pensionfund Dsm Netherlands’s portfolio.
On the company’s financial health, PG&E Corporation reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.43.Analysts expectations of $ 4504.25.During the same quarter in the previous year, the company posted $0.53 EPS.
Many Wall Street Analysts have commented on PG&E Corporation. PG&E Corporation was Upgraded by Goldman to ” Buy” on Jan 27, 2016. PG&E Corporation was Upgraded by Morgan Stanley to ” Overweight” on Jan 26, 2016.
PG&E Corporation closed down -0.4 points or -0.67% at $58.9 with 22,13,161 shares getting traded on Monday. Post opening the session at $59.38, the shares hit an intraday low of $58.8 and an intraday high of $59.6 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 electric utility operations and natural gas utility operations. It operates in northern and central California. 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 natural gas transportation services to customers which include small commercial and residential customers and to non-core customers which include industrial commercial and natural gas-fired electric generation facilities that are connected to the Utility’s gas system in its service territory.