Pacific Gas & Electric Co. (PCG) : During the past 4 weeks, traders have been relatively bearish on Pacific Gas & Electric Co. (PCG), hence the stock is down -3.39% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.6% relative to the S&P 500. The 4-week change in the price of the stock is -0.14% and the stock has fallen -1.66% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.75% and the 50-Day Moving Average is 2.85%. PG&E Corporation is up 10.72% in the last 3-month period. Year-to-Date the stock performance stands at 22.1%.
Pacific Gas & Electric Co. (NYSE:PCG): stock turned positive on Friday. Though the stock opened at $63.73, the bulls momentum made the stock top out at $64.19 level for the day. The stock recorded a low of $63.55 and closed the trading day at $63.94, in the green by 0.30%. The total traded volume for the day was 2,725,450. The stock had closed at $63.75 in the previous days trading.
Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Pacific Gas & Electric Co. (NYSE:PCG). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $67 per share from a prior target of $68. 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.