Pacific Gas & Electric Co. (PCG) has been under a strong bear grip, hence the stock is down -0.73% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.08% in the past 1 week. The stock has risen by 1.04% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.35% in the past 4 weeks.
PG&E Corporation is up 13.3% in the last 3-month period. Year-to-Date the stock performance stands at 23.72%. The stock has recorded a 20-day Moving Average of 1.16% and the 50-Day Moving Average is 1.83%.
Pacific Gas & Electric Co. (NYSE:PCG): The stock opened at $64.90 on Friday but the bulls could not build on the opening and the stock topped out at $65.02 for the day. The stock traded down to $64.23 during the day, due to lack of any buying support eventually closed down at $64.79 with a loss of -0.58% for the day. The stock had closed at $65.17 on the previous day. The total traded volume was 3,467,638 shares.
Also, Deutsche Bank maintains its view on Pacific Gas & Electric Co. (NYSE:PCG) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Deutsche Bank lowers the price target from $68 per share to $67 per share on Pacific Gas & Electric Co.. The rating by the firm was issued on July 29, 2016.
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.