Large Inflow of Money Detected in Pacific Gas & Electric Co.

Pacific Gas & Electric Co. (PCG) : Pacific Gas & Electric Co. (PCG) had a healthy money flow of $4.12 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $19.23 million, whereas, investors only sold shares worth $15.1 million on downticks. The stock closed the day with an up-down ratio of 1.27.The money flow in the block trades to the tune of $0.41 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.9 million worth of transactions were on upticks. A paltry $1.49 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 1.27. Pacific Gas & Electric Co. (PCG) stock slid $0.15 intraday and traded at 64.26, a change of -0.23% over previous days close. However, for the week, the company shares are -0.56% compared to previous weeks close.


Also, Equity Analysts at the Brokerage Firm, RBC Capital, upgrades their rating on the shares of Pacific Gas & Electric Co. (NYSE:PCG). RBC Capital has a Outperform rating on the shares. Previously, the analysts had a Sector Perform rating on the shares. The rating by the firm was issued on July 15, 2016.

Pacific Gas & Electric Co. (NYSE:PCG): The stock opened at $64.40 on Wednesday but the bulls could not build on the opening and the stock topped out at $64.55 for the day. The stock traded down to $64.03 during the day, due to lack of any buying support eventually closed down at $64.26 with a loss of -0.23% for the day. The stock had closed at $64.41 on the previous day. The total traded volume was 2,017,133 shares.

The stock has recorded a 20-day Moving Average of 0.92% and the 50-Day Moving Average is 4.73%. In a related news,The officer (SVP, Finance) of Pg&E Corp, Harvey Kent M sold 17,920 shares at $56.24 on March 4, 2016. The Insider selling transaction had a total value worth of $1,007,821. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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