As Pg&E Corp (PCG) Share Price Rose, Millennium Management LLC Cut by $117.03 Million Its Holding

March 14, 2018 - By Peter Erickson

Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.07, from 1.24 in 2017Q2. It is negative, as 39 investors sold PCG shares while 160 reduced holdings. 50 funds opened positions while 182 raised stakes. 411.71 million shares or 0.10% more from 411.30 million shares in 2017Q2 were reported. Commonwealth Equity Incorporated reported 0.01% in PG&E Corporation (NYSE:PCG). Mitsubishi Ufj Holding Com Ltd reported 1,120 shares. Martingale Asset LP has invested 0.53% in PG&E Corporation (NYSE:PCG). First Amer Bankshares holds 0.11% in PG&E Corporation (NYSE:PCG) or 20,742 shares. Boston Prtn owns 3.64M shares. National Bank & Trust Of Nova Scotia stated it has 0.04% in PG&E Corporation (NYSE:PCG). Loomis Sayles Comm LP reported 732,626 shares or 0.11% of all its holdings. 312,405 are owned by Cornerstone Capital Mngmt Ltd Liability Company. Cadence Comml Bank Na accumulated 27,977 shares or 0.72% of the stock. Gateway Advisers Ltd Liability Corp reported 37,241 shares stake. Northwest Invest Counselors Limited Company holds 0.04% or 1,330 shares. Ent Svcs holds 86 shares or 0% of its portfolio. Savant Limited Liability Company holds 0.07% or 4,819 shares in its portfolio. Tph Asset Management Lc accumulated 29,277 shares. Aqr Capital Mngmt stated it has 5.29M shares.

Israel Englander decreased its stake in Pg&E Corp (PCG) by 32.95% based on its latest 2017Q3 regulatory filing with the SEC. Millennium Management Llc sold 1.72 million shares as the company’s stock rose 2.53% with the market. The hedge fund run by Israel Englander held 3.50M shares of the power generation company at the end of 2017Q3, valued at $238.42M, down from 5.22M at the end of the previous reported quarter. Millennium Management Llc who had been investing in Pg&E Corp for a number of months, seems to be less bullish one the $22.75B market cap company. The stock decreased 2.06% or $0.93 during the last trading session, reaching $44.17. About 11.01M shares traded or 59.88% up from the average. PG&E Corporation (NYSE:PCG) has risen 13.90% since March 14, 2017 and is uptrending. It has underperformed by 2.80% the S&P500.

Millennium Management Llc, which manages about $65.63 billion US Long portfolio, upped its stake in Esterline Technologies Corp (NYSE:ESL) by 127,815 shares to 148,800 shares, valued at $13.41 million in 2017Q3, according to the filing. It also increased its holding in Brady Corp (NYSE:BRC) by 352,912 shares in the quarter, for a total of 728,805 shares, and has risen its stake in Allergan Plc.

Analysts await PG&E Corporation (NYSE:PCG) to report earnings on May, 1. They expect $1.09 earnings per share, up 2.83 % or $0.03 from last year’s $1.06 per share. PCG’s profit will be $561.31 million for 10.13 P/E if the $1.09 EPS becomes a reality. After $0.63 actual earnings per share reported by PG&E Corporation for the previous quarter, Wall Street now forecasts 73.02 % EPS growth.

More notable recent PG&E Corporation (NYSE:PCG) news were published by: which released: “PG&E Customers Eligible to Save $10000 on a New BMW i3 Electric Vehicle” on March 01, 2018, also with their article: “UPDATE: PG&E Corp. (PCG), Edison (EIX) Gain on Reports California to Update …” published on March 13, 2018, published: “What Needs To Happen For PG&E To Resume Paying Dividends” on March 08, 2018. More interesting news about PG&E Corporation (NYSE:PCG) were released by: and their article: “Busted Preferred Showdown: PG&E Vs. Fannie/Freddy” published on February 13, 2018 as well as‘s news article titled: “PG&E Corporation (PCG) Fundamental Valuation Report” with publication date: February 13, 2018.

PG&E Corporation (NYSE:PCG) Ratings Coverage

Among 16 analysts covering PG&E Corporation (NYSE:PCG), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. PG&E Corporation had 48 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Friday, June 2 report. On Friday, September 22 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of PG&E Corporation (NYSE:PCG) has “Buy” rating given on Monday, October 16 by Wells Fargo. The stock of PG&E Corporation (NYSE:PCG) has “Buy” rating given on Monday, April 18 by Deutsche Bank. The stock of PG&E Corporation (NYSE:PCG) earned “Buy” rating by Jefferies on Thursday, July 13. As per Monday, December 18, the company rating was downgraded by Wells Fargo. The stock of PG&E Corporation (NYSE:PCG) has “Buy” rating given on Monday, October 16 by J.P. Morgan. The stock of PG&E Corporation (NYSE:PCG) has “Buy” rating given on Monday, June 12 by Jefferies. Jefferies maintained the shares of PCG in report on Wednesday, August 30 with “Buy” rating. Mizuho maintained it with “Buy” rating and $64 target in Tuesday, May 24 report.

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