Pacific Gas & Electric Co. (PCG) stock is expected to deviate a maximum of $3.59 from the average target price of $64.64 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $68 and the most muted being $58.
Pacific Gas & Electric Co. (PCG), According to the latest information the short interest in PG & E Corporation plummeted by 17.8% or 997,497 shares. The final shorts are 0.9% of the total floated shares. The positions dropped from 5,609,839 shares on June 15,2016 to 4,612,342 on June 30,2016. According to the per-day average trading of 3,497,514 shares, the days to cover are 1. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Major Brokerage house, Deutsche Bank upgrades its ratings on Pacific Gas & Electric Co. (NYSE:PCG). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on April 18, 2016.
Pacific Gas & Electric Co. (NYSE:PCG): On Thursdays trading session , Opening price of the stock was $64.22 with an intraday high of $64.53. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $63.93. However, the stock managed to close at $64.2, a loss of 0.56% for the day. On the previous day, the stock had closed at $64.56. The total traded volume of the day was 2,936,172 shares.
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.