Large Outflow of Money Witnessed in Pacific Gas & Electric Co.

Pacific Gas & Electric Co. (NYSE:PCG) managed to stay afloat and traded higher with an addition of 0.03 point or 0.05% at $62.98. The money flow data is a negative $(-21.96) million with $12.54 million in upticks and $34.5 million in downticks. The intraday up/down ratio came in at 0.36. The shares have seen -0.06% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0.85 million and the combined worth of the downticks was $22.55, Million, leading to the up/down ratio of 0.04. The block trade saw a net money flow of $(-21.7) million.

PG&E Corporation is up 8.13% in the last 3-month period. Year-to-Date the stock performance stands at 19.41%.

Currently the company Insiders own 0.14% of Pacific Gas & Electric Co. shares according to the proxy statements. Institutional Investors own 81.77% of Pacific Gas & Electric Co. shares. During last six month period, the net percent change held by insiders has seen a change of -31.31%. . On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Finance) of Pg&E Corp, Harvey Kent M had sold 17,920 shares worth of $1,007,821 in a transaction dated March 4, 2016. In this transaction, 17,920 shares were sold at $56.24 per share.

Pacific Gas & Electric Co. (NYSE:PCG) rose 0.11% or 0.07 points on Friday and made its way into the gainers of the day. After trading began at $62.89 the stock was seen hitting $63.09 as a peak level and $62.47 as the lowest level. The stock ended up at $63.02. The daily volume was measured at 3,640,348 shares. The 52-week high of the share price is $63.435 and the 52-week low is $47.33. The company has a market cap of $31,261 million.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *