Wedge Capital Management L LP Increased Its Stake in Pg&E Corporation (PCG) as Shares Declined

Big Money Sentiment decreased to 0.67 in 2018 Q4. It has change of 0.34, from 2018Q3’s 1.01. The ratio is negative due to PCG positioning: 121 sold and 146 reduced. 63 funds took holdings and 117 increased holdings. Investors holded 396.22 million in 2018Q3 but now own 421.38 million shares or 6.35% more. Citadel Advsr Llc stated it has 1.08M shs or 0.01% of all its holdings. Westpac Banking Corp reported 0% of its capital in PG&E Corporation (NYSE:PCG). Jnba holds 200 shs. Voya Inv Mgmt Limited Liability Corporation has 0.02% invested in PG&E Corporation (NYSE:PCG) for 311,183 shs. Commonwealth National Bank & Trust Of Aus holds 0.97% in PG&E Corporation (NYSE:PCG) or 3.70M shs. Jefferies Limited Liability Co invested 0.01% in PG&E Corporation (NYSE:PCG). Toronto Dominion Bankshares owns 286,438 shs or 0.01% of their US capital. Engineers Gate Manager LP has 0.14% invested in PG&E Corporation (NYSE:PCG). Cognios Lc reported 0.81% in PG&E Corporation (NYSE:PCG). Saba Management Lp invested 0.02% in PG&E Corporation (NYSE:PCG). Franklin Resource Incorporated invested in 0.09% or 5.98 million shs. Brookfield Asset Management Incorporated has invested 0.21% in PG&E Corporation (NYSE:PCG). 683 Mngmt Limited Company accumulated 665,101 shs. 693 were reported by Sandy Spring Bancorp. Oakworth Cap owns 100 shs for 0% of their capital.

In Pg&E Corporation (PCG) was increased the holdings owned by Wedge Capital Management L L P. The reduction is 59.71% according to 2018Q4 Securities and Exchange filling. 2.44M shares were bought by Wedge Capital Management L LP as the company’s stock declined 34.27% while stock markets rallied. At the end of 2018Q4, the 6.53M shares of the power generation company held by the institutional investor were priced at $154.99M, up from 4.09 million at the end of the previous reported quarter. $9.48B is the market cap of Pg&E Corporation. The stock decreased 0.19% or $0.03 during the last trading session, hitting $17.98.PG&E Corporation has volume of 947,478 shares. Since April 2, 2018 PCG has declined 56.25% and is downtrending. The stock underperformed the S&P 500 by 60.62%.

Wedge Capital Management L LP manages about $10.84B and $8.10 billion US Long portfolio. Its stake in Oge Energy Corp. (NYSE:OGE) was decreased by 101,657 shares to 293,409 shares valued at $11.50M in 2018Q4, according to the filing. Wedge Capital Management L LP has cut its stake in Platform Specialty Products Corp. (NYSE:PAH) and also reduced its holding in Ashland Global Holdings Inc. by 128,625 shares in the quarter, for a total of 1.33M shares.

For more PG&E Corporation (NYSE:PCG) news announced recently go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “PG&E revives $350M in employee bonuses two weeks after scrapping them – Seeking Alpha” announced on March 08, 2019, “California governor slams PG&E board revamp effort – Seeking Alpha” on March 28, 2019, “PG&E pressured by more investors over board picks – Bloomberg – Seeking Alpha” with a publish date: March 05, 2019, “Judge eases wildfire safety plan for PG&E – Seeking Alpha” and the last “ValueAct’s Ubben slams PG&E board selection process – Seeking Alpha” with publication date: March 20, 2019.

PG&E Corporation (NYSE:PCG) Ratings Coverage

A total of 11 analysts rate PG\u0026E (NYSE:PCG) as follows: 3 “Buy”, 7 “Hold” and 1 “Sell”. Š¢herefore 27% are bullish. (NYSE:PCG) has 24 ratings reports on 2 Apr 2019 according to StockzIntelligence. On Monday, January 28 the firm earned “Outperform” rating by Wolfe Research. The stock rating was upgraded by Citigroup to “Buy” on Friday, November 16. On Monday, March 4 the rating was maintained by Wells Fargo with “Hold”. On Friday, November 16 the rating was maintained by Argus Research with “Buy”. On Friday, March 1 the stock has “Hold” rating by UBS. On Wednesday, January 16 the firm earned “Market Perform” rating by Wells Fargo. On Tuesday, January 8 Mizuho maintained PG&E Corporation (NYSE:PCG) rating. Mizuho has “Neutral” rating and $19 target. On Monday, January 7 UBS maintained the shares of PCG in report with “Neutral” rating. The company rating was downgraded by Macquarie Research on Tuesday, January 15. On Tuesday, February 19 Citigroup upgraded PG&E Corporation (NYSE:PCG) to “Buy” rating.

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

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