Pacific Gas & Electric Co. (PCG) : 7 brokerage houses believe that Pacific Gas & Electric Co. (PCG) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Pacific Gas & Electric Co. (PCG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.35.
Pacific Gas & Electric Co. (PCG) : Average target price received by Pacific Gas & Electric Co. (PCG) is $69.36 with an expected standard deviation of $1.97. The most aggressive target on the stock is $72, whereas the most downbeat target is $67. 7 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Pacific Gas & Electric Co. (NYSE:PCG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.60 and $63.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.08, notching a gain of 0.74% for the day. The total traded volume was 1,956,656 . The stock had closed at $63.61 on the previous day.
In a related news, The officer (SVP, Finance), of Pg&E Corp, Harvey Kent M had unloaded 17,920 shares at $56.24 per share in a transaction on March 4, 2016. The total value of transaction was $1,007,821. The Insider information was revealed by 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.