Shares of Pacific Gas & Electric Co. (NYSE:PCG) Sees Large Outflow of Money

Pacific Gas & Electric Co. (NYSE:PCG) managed to eke out gains of 0.22% in intraday trade. The share price increased by 0.14 points to $62.71. Till last observation, the net money flow was recorded at a negative $(-3.45) million. The total inflow of $24.69 million in upticks was completely overshadowed by an outflow of $28.14 million in downticks, giving the up/down ratio a value of 0.88. The shares have seen a change of -0.49% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0.84 million and the composite value in downticks was $1.02 million. The resultant up/down ratio for the block exchange was 0.83. The block trade had a negative money flow of $(-0.17) million.


The stock has recorded a 20-day Moving Average of 2.38% and the 50-Day Moving Average is 5.18%. The company shares have rallied 24.05% in the past 52 Weeks. On June 13, 2016 The shares registered one year high of $63.43 and one year low was seen on September 2, 2015 at $47.33. The 50-day moving average is $60.09 and the 200 day moving average is recorded at $56.92. S&P 500 has rallied 1.93% during the last 52-weeks.

Pacific Gas & Electric Co. (NYSE:PCG): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.58 and $61.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.63, notching a gain of 0.10% for the day. The total traded volume was 4,283,712 . The stock had closed at $62.57 on the previous day.

Currently the company Insiders own 0.14% of Pacific Gas & Electric Co. shares according to the proxy statements. Institutional Investors own 81.77% of Pacific Gas & Electric Co. shares. During last six month period, the net percent change held by insiders has seen a change of -31.31%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Finance) of Pg&E Corp, Harvey Kent M had sold 17,920 shares worth of $1,007,821 in a transaction dated March 4, 2016. In this transaction, 17,920 shares were sold at $56.24 per share.

PG&E Corporation is a holding company. The Companys primary operating subsidiary is Pacific Gas and Electric Company (the Utility). The Utilitys 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 Utilitys gas system in its service territory.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.