Are Analysts Bearish PG&E Corporation (NYSE:PCG) After Last Week?

Investors sentiment increased to 1.02 in 2019 Q2. Its up 0.65, from 0.37 in 2019Q1. It increased, as 39 investors sold PG&E Corporation shares while 84 reduced holdings. 56 funds opened positions while 70 raised stakes. 438.18 million shares or 4.10% more from 420.90 million shares in 2019Q1 were reported.
Tpg Grp (Sbs) Advisors reported 1.00 million shares. Bancorporation Of Ny Mellon Corporation stated it has 950,357 shares or 0.01% of all its holdings. The Georgia-based Advisory Ntwk Lc has invested 0% in PG&E Corporation (NYSE:PCG). Moreover, Northwestern Mutual Wealth has 0% invested in PG&E Corporation (NYSE:PCG). Vanguard Group holds 0.03% of its portfolio in PG&E Corporation (NYSE:PCG) for 38.86 million shares. Moreover, Utah Retirement has 0.04% invested in PG&E Corporation (NYSE:PCG). Monarch Alternative Capital L P holds 4.83% in PG&E Corporation (NYSE:PCG) or 1.70 million shares. Amalgamated Bank reported 68,947 shares or 0.04% of all its holdings. Electron Cap Ltd Liability Co reported 4.43% of its portfolio in PG&E Corporation (NYSE:PCG). Us Comml Bank De holds 0% of its portfolio in PG&E Corporation (NYSE:PCG) for 15,260 shares. 25,542 are owned by Cibc Asset Management. Public Employees Retirement Sys Of Ohio invested in 186,151 shares or 0.02% of the stock. Sachem Head Capital Mgmt L P has 3.50M shares for 8.47% of their portfolio. First Republic Mgmt owns 16,492 shares or 0% of their US portfolio. Royal London Asset Mgmt holds 217,650 shares.

PG&E Corporation (NYSE:PCG) Ratings Coverage

Among 4 analysts covering Pacific Gas & Electric (NYSE:PCG), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Pacific Gas & Electric has $2300 highest and $400 lowest target. $15’s average target is 34.17% above currents $11.18 stock price. Pacific Gas & Electric had 13 analyst reports since March 19, 2019 according to SRatingsIntel. Citigroup downgraded the shares of PCG in report on Monday, August 19 to “Sell” rating. UBS maintained the shares of PCG in report on Friday, June 21 with “Hold” rating. On Tuesday, March 19 the stock rating was maintained by Morgan Stanley with “Hold”. The stock has “Hold” rating by Barclays Capital on Wednesday, March 20. The company was maintained on Tuesday, August 20 by UBS. Morgan Stanley maintained PG&E Corporation (NYSE:PCG) on Monday, July 15 with “Equal-Weight” rating. UBS maintained PG&E Corporation (NYSE:PCG) rating on Tuesday, March 19. UBS has “Hold” rating and $20 target. Below is a list of PG&E Corporation (NYSE:PCG) latest ratings and price target changes.

20/08/2019 Broker: UBS Rating: Neutral Old Target: $24.0000 New Target: $13.0000 Maintain
19/08/2019 Broker: Citigroup Old Rating: Buy New Rating: Sell Old Target: $33.0000 New Target: $4.0000 Downgrade
15/07/2019 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $17.5000 New Target: $23.0000 Maintain
28/06/2019 Broker: Wolfe Research Old Rating: Outperform New Rating: Peer Perform Downgrade
21/06/2019 Broker: Morgan Stanley Rating: Hold Maintain
21/06/2019 Broker: UBS Rating: Hold New Target: $22 Maintain
23/05/2019 Broker: BidaskScore Rating: Hold Upgrade
11/05/2019 Broker: BidaskScore Rating: Sell Downgrade
28/03/2019 Broker: BidaskScore Rating: Hold Downgrade
20/03/2019 Broker: Barclays Capital Rating: Hold New Target: $20 Maintain

The stock increased 10.69% or $1.08 during the last trading session, reaching $11.18. About 18.86 million shares traded or 137.38% up from the average. PG&E Corporation (NYSE:PCG) has declined 58.05% since September 13, 2018 and is downtrending. It has underperformed by 58.05% the S&P500.

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 $5.92 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 currently has negative earnings. 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.

More notable recent PG&E Corporation (NYSE:PCG) news were published by: which released: “Why Shares of PG&E Are Falling Today – Yahoo Finance” on August 15, 2019, also with their article: “PG&E outlines $18B reorganization plan for wildfire claims – Seeking Alpha” published on September 09, 2019, published: “PG&E to stay in charge of Chapter 11 exit plan, judge rules – Seeking Alpha” on August 16, 2019. More interesting news about PG&E Corporation (NYSE:PCG) were released by: and their article: “Why Zscaler, Palo Alto Networks, and PG&E Slumped Today – The Motley Fool” published on August 19, 2019 as well as‘s news article titled: “PG&E reaches $11B settlement on California wildfire claims – Seeking Alpha” with publication date: September 13, 2019.

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

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