Pacific Gas & Electric Co. (PCG) has been under a strong bear grip, hence the stock is down -1.79% 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 0.29% in the past 1 week. The stock has risen by 0.34% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.77% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.11% and the 50-Day Moving Average is 1.23%. Pacific Gas & Electric Co. (NYSE:PCG): stock turned positive on Friday. Though the stock opened at $64.35, the bulls momentum made the stock top out at $64.495 level for the day. The stock recorded a low of $64.07 and closed the trading day at $64.12, in the green by 0.06%. The total traded volume for the day was 1,734,294. The stock had closed at $64.08 in the previous days trading.
The company Insiders own 0.14% of Pacific Gas & Electric Co. shares according to the proxy statements. Institutional Investors own 80% 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%. Also, Brokerage firm Deutsche Bank maintains its rating on Pacific Gas & Electric Co. (NYSE:PCG). As per the latest information, the brokerage house lowers the price target to $67 per share from a prior target of $68. The shares have been rated Buy. 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.