Pacific Gas & Electric Co. (PCG) : The money flow analysis of Pacific Gas & Electric Co. (PCG) indicates a $4.59 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $6.27 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.37 and so was the total money flow at $1.68 million. The bulls lapped up $1.55 million worth of block trades on upticks. The money flow was $1.55 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Pacific Gas & Electric Co. (PCG), pushing it down by -0.29% for the day. The stock slid $0.18 and traded at $62.18 during the day. Nonetheless, the stock is 0.13% over the previous weeks close.
Also, Deutsche Bank maintains their rating on the shares of Pacific Gas & Electric Co. (NYSE:PCG). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $67 per share from $68 per share. The rating by the firm was issued on July 29, 2016.
PG&E Corporation has lost 3.1% in the last five trading days and dropped 3.55% in the last 4 weeks. PG&E Corporation is up 3.39% in the last 3-month period. Year-to-Date the stock performance stands at 18.15%.
Pacific Gas & Electric Co. (NYSE:PCG): The stock opened at $62.39 on Tuesday but the bulls could not build on the opening and the stock topped out at $62.73 for the day. The stock traded down to $61.86 during the day, due to lack of any buying support eventually closed down at $61.87 with a loss of -0.79% for the day. The stock had closed at $62.36 on the previous day. The total traded volume was 2,451,664 shares.
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.