Institutional Investors Lead Shift in Pg&e Corp (NYSE:PCG) Sentiment

April 26, 2018 - By Peter Erickson

Sentiment for Pg&e Corp (NYSE:PCG)

Pg&e Corp (NYSE:PCG) institutional sentiment decreased to 0.93 in 2017 Q4. Its down -0.24, from 1.17 in 2017Q3. The ratio is negative, as 251 institutional investors increased and opened new positions, while 271 sold and trimmed stakes in Pg&e Corp. The institutional investors in our partner’s database reported: 400.70 million shares, down from 411.71 million shares in 2017Q3. Also, the number of institutional investors holding Pg&e Corp in their top 10 positions increased from 5 to 11 for an increase of 6. Sold All: 97 Reduced: 174 Increased: 142 New Position: 109.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural clients primarily in northern and central California. The company has market cap of $23.73 billion. The companyÂ’s electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, 59 transmission switching substations, and 606 distribution substations; and electricity transmission network comprises approximately 18,400 circuit miles of interconnected transmission lines and 92 electric transmission substations. It has a 14.33 P/E ratio. The Company’s natural gas system consists of approximately 42,800 miles of distribution pipelines, approximately 6,700 miles of backbone and local transmission pipelines, and various storage facilities.

The stock decreased 0.72% or $0.335 during the last trading session, reaching $46.005. About 1.02M shares traded. PG&E Corporation (NYSE:PCG) has declined 34.60% since April 26, 2017 and is downtrending. It has underperformed by 46.15% the S&P500.

Analysts await PG&E Corporation (NYSE:PCG) to report earnings on May, 3 before the open. They expect $1.09 EPS, up 2.83 % or $0.03 from last year’s $1.06 per share. PCG’s profit will be $562.33M for 10.55 P/E if the $1.09 EPS becomes a reality. After $0.63 actual EPS reported by PG&E Corporation for the previous quarter, Wall Street now forecasts 73.02 % EPS growth.

Newtyn Management Llc holds 19.19% of its portfolio in PG&E Corporation for 2.80 million shares. Southpoint Capital Advisors Lp owns 2.50 million shares or 5.34% of their US portfolio. Moreover, Kingstown Capital Management L.P. has 5.27% invested in the company for 1.00 million shares. The New York-based Electron Capital Partners Llc has invested 5.15% in the stock. Abrams Capital Management L.P., a Massachusetts-based fund reported 3.25 million shares.

PG&E Corporation (NYSE:PCG) Ratings Coverage

Ratings analysis reveals 30% of PG&E Corp’s analysts are positive. Out of 10 Wall Street analysts rating PG&E Corp, 3 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $45.0 while the high is $66.0. The stock’s average target of $53.25 is 15.75% above today’s ($465) share price. PCG was included in 15 notes of analysts from November 5, 2017. The stock has “Hold” rating by Wells Fargo on Monday, February 12. On Monday, January 22 the stock rating was maintained by Citigroup with “Hold”. The firm has “Neutral” rating given on Tuesday, January 2 by Goldman Sachs. The stock of PG&E Corporation (NYSE:PCG) has “Overweight” rating given on Tuesday, April 10 by JP Morgan. Citigroup maintained it with “Neutral” rating and $46 target in Tuesday, April 24 report. Morgan Stanley maintained the shares of PCG in report on Monday, April 16 with “Overweight” rating. Wells Fargo downgraded it to “Hold” rating and $60.0 target in Monday, December 18 report. The firm has “Neutral” rating given on Friday, December 1 by Mizuho. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, December 21. The firm earned “Hold” rating on Thursday, April 5 by Mizuho.

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

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