Edge Wealth Management LLC Increased Its Stake in P G & E Corp (PCG) by $4.92 Million

April 17, 2018 - By Henry Gaston

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.24, from 1.17 in 2017Q3. It dropped, 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. Foothills Asset Mngmt Ltd has invested 0.53% in PG&E Corporation (NYSE:PCG). Research Glob holds 2.33 million shares or 0.03% of its portfolio. Of Vermont, a Vermont-based fund reported 10,915 shares. Plante Moran Financial Advisors Ltd holds 0% of its portfolio in PG&E Corporation (NYSE:PCG) for 122 shares. Ahl Ptnrs Limited Liability Partnership invested in 0.04% or 61,015 shares. California State Teachers Retirement Systems holds 0.09% or 1.00M shares in its portfolio. Moneta Grp Incorporated Invest Advisors Ltd Liability reported 66 shares stake. Cetera Advisor Netwr Ltd Liability Company owns 10,763 shares. Numeric Ltd Liability Corporation holds 0.2% or 615,800 shares in its portfolio. Luminus Management Ltd Limited Liability Company has 0.38% invested in PG&E Corporation (NYSE:PCG). Balyasny Asset Mgmt Ltd Limited Liability Company invested in 31,607 shares. Jennison Assoc Lc accumulated 712,926 shares or 0.03% of the stock. J Goldman Communication Lp accumulated 291,919 shares. Oregon Public Employees Retirement Fund invested in 54,837 shares. North Star Investment Management Corporation owns 0.01% invested in PG&E Corporation (NYSE:PCG) for 2,747 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 $5.01M, 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 $23.81 billion 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. Mizuho maintained PG&E Corporation (NYSE:PCG) rating on Thursday, April 5. Mizuho has “Hold” rating and $4600 target. The rating was downgraded by Guggenheim on Tuesday, January 2 to “Sell”. The stock has “Overweight” rating by JP Morgan on Wednesday, February 21. The stock has “Hold” rating by Wells Fargo on Monday, December 18. The firm has “Neutral” rating given on Tuesday, January 2 by Goldman Sachs. As per Sunday, November 5, the company rating was maintained by RBC Capital Markets. Citigroup maintained the stock with “Hold” rating in Monday, January 22 report. The firm has “Hold” rating given on Monday, February 12 by Wells Fargo. The firm earned “Overweight” rating on Tuesday, April 10 by JP Morgan. The stock of PG&E Corporation (NYSE:PCG) has “Neutral” rating given on Friday, December 1 by Mizuho.

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

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