Edge Wealth Management LLC Lifted P G & E Corp (PCG) Holding by $4.92 Million

April 17, 2018 - By Graig Alexander

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.24, from 1.17 in 2017Q3. It fall, as 97 investors sold PCG shares while 174 reduced holdings. 109 funds opened positions while 142 raised stakes. 400.70 million shares or 2.67% less from 411.71 million shares in 2017Q3 were reported. Brookfield Asset Incorporated holds 0.34% or 1.82M shares in its portfolio. Stone Ridge Asset Management Ltd Llc reported 71,072 shares or 0.21% of all its holdings. 31,624 were reported by Kentucky Retirement Systems. Parkwood Ltd, a Ohio-based fund reported 7,690 shares. Regions Fincl Corp invested 0% of its portfolio in PG&E Corporation (NYSE:PCG). Jacobs Levy Equity Mngmt has 0.03% invested in PG&E Corporation (NYSE:PCG). Atlantic Grp Ltd Llc has invested 0% in PG&E Corporation (NYSE:PCG). Nuveen Asset Mngmt Limited Liability Co holds 0.07% of its portfolio in PG&E Corporation (NYSE:PCG) for 242,228 shares. Gabelli Funds Lc reported 205,000 shares. State Of New Jersey Common Pension Fund D holds 0.13% of its portfolio in PG&E Corporation (NYSE:PCG) for 773,000 shares. Southpoint Capital Advsrs Ltd Partnership owns 5.34% invested in PG&E Corporation (NYSE:PCG) for 2.50M shares. 19,515 are owned by Walleye Trading Lc. Hsbc Public Ltd Com accumulated 0.03% or 497,782 shares. Laurion Capital LP has 0% invested in PG&E Corporation (NYSE:PCG) for 13,558 shares. American Group holds 0.02% of its portfolio in PG&E Corporation (NYSE:PCG) for 164,857 shares.

Edge Wealth Management Llc increased its stake in P G & E Corp (PCG) by 32920.29% based on its latest 2017Q4 regulatory filing with the SEC. Edge Wealth Management Llc bought 111,929 shares as the company’s stock declined 1.41% with the market. The institutional investor held 112,269 shares of the power generation company at the end of 2017Q4, valued at $5.01 million, up from 340 at the end of the previous reported quarter. Edge Wealth Management Llc who had been investing in P G & E Corp for a number of months, seems to be bullish on the $23.81B market cap company. The stock increased 1.24% or $0.5636 during the last trading session, reaching $46.1536. About 975,426 shares traded. PG&E Corporation (NYSE:PCG) has declined 34.60% since April 17, 2017 and is downtrending. It has underperformed by 46.15% the S&P500.

PG&E Corporation (NYSE:PCG) Ratings Coverage

Among 10 analysts covering PG&E Corp (NYSE:PCG), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. PG&E Corp has $66.0 highest and $45.0 lowest target. $53.13’s average target is 15.12% above currents $46.1536 stock price. PG&E Corp had 14 analyst reports since November 5, 2017 according to SRatingsIntel. As per Tuesday, January 2, the company rating was downgraded by Goldman Sachs. The rating was maintained by Morgan Stanley with “Overweight” on Monday, April 16. On Monday, February 12 the stock rating was maintained by Wells Fargo with “Hold”. The company was downgraded on Friday, December 1 by Mizuho. Wells Fargo downgraded it to “Hold” rating and $60.0 target in Monday, December 18 report. JP Morgan maintained the shares of PCG in report on Tuesday, April 10 with “Overweight” rating. Guggenheim downgraded the stock to “Sell” rating in Tuesday, January 2 report. Citigroup maintained PG&E Corporation (NYSE:PCG) on Monday, January 22 with “Hold” rating. JP Morgan maintained PG&E Corporation (NYSE:PCG) rating on Wednesday, February 21. JP Morgan has “Overweight” rating and $50 target. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, November 5 report.

PG&E Corporation (NYSE:PCG) Institutional Positions Chart

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