Weatherly Asset Management Has Decreased Its General Electric Co (GE) Position by $433,032 as Market Valuation Declined; Pg&E (PCG) Shares Rose While Zimmer Partners LP Has Boosted Holding by $5.10 Million

February 15, 2018 - By Nellie Frank

Stuart J. Zimmer increased its stake in Pg&E Corp (PCG) by 7.69% based on its latest 2017Q3 regulatory filing with the SEC. Zimmer Partners Lp bought 75,000 shares as the company’s stock rose 2.53% with the market. The hedge fund run by Stuart J. Zimmer held 1.05 million shares of the power generation company at the end of 2017Q3, valued at $71.50 million, up from 975,000 at the end of the previous reported quarter. Zimmer Partners Lp who had been investing in Pg&E Corp for a number of months, seems to be bullish on the $20.46B market cap company. The stock increased 1.66% or $0.65 during the last trading session, reaching $39.73. About 2.15M shares traded. PG&E Corporation (NYSE:PCG) has risen 13.90% since February 15, 2017 and is uptrending. It has underperformed by 2.80% the S&P500.

Weatherly Asset Management decreased its stake in General Electric Co (GE) by 10.03% based on its latest 2017Q3 regulatory filing with the SEC. Weatherly Asset Management sold 18,043 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 161,858 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $3.91M, down from 179,901 at the end of the previous reported quarter. Weatherly Asset Management who had been investing in General Electric Co for a number of months, seems to be less bullish one the $128.89B market cap company. The stock decreased 0.25% or $0.0376 during the last trading session, reaching $14.8624. About 26.25 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 15, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Zimmer Partners Lp, which manages about $1.50 billion and $4.50 billion US Long portfolio, decreased its stake in Energy Transfer Equity LP (NYSE:ETE) by 201,600 shares to 3.54M shares, valued at $61.55 million in 2017Q3, according to the filing. It also reduced its holding in Nextera Energy Inc (NYSE:NEE) by 6,100 shares in the quarter, leaving it with 301,736 shares, and cut its stake in Targa Res Corp (NYSE:TRGP).

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 47 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, October 6 by Mizuho. The rating was maintained by Jefferies with “Buy” on Wednesday, October 11. As per Friday, March 18, the company rating was maintained by Barclays Capital. Jefferies maintained the stock with “Buy” rating in Wednesday, October 21 report. RBC Capital Markets maintained the stock with “Buy” rating in Friday, June 2 report. The stock has “Hold” rating by Wells Fargo on Monday, December 18. Mizuho downgraded the stock to “Neutral” rating in Friday, December 1 report. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, September 17. Mizuho maintained PG&E Corporation (NYSE:PCG) rating on Tuesday, May 24. Mizuho has “Buy” rating and $64 target. Guggenheim downgraded the stock to “Sell” rating in Tuesday, January 2 report.

Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.07, from 1.24 in 2017Q2. It worsened, 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. 299,892 were reported by Korea Invest Corporation. Moreover, Banque Pictet And Cie has 0.01% invested in PG&E Corporation (NYSE:PCG). 16,540 are held by Fdx. Toronto Dominion Bancshares owns 194,839 shares for 0.04% of their portfolio. Virtus Investment Advisers Inc invested in 0.07% or 10,081 shares. Texas Yale Cap accumulated 0.03% or 5,330 shares. State Of Alaska Department Of Revenue has invested 0.1% in PG&E Corporation (NYSE:PCG). Suntrust Banks stated it has 21,915 shares or 0.01% of all its holdings. 9,426 are owned by Wagner Bowman. Farmers & Merchants holds 0% in PG&E Corporation (NYSE:PCG) or 351 shares. Hudock Grp Ltd has 0.02% invested in PG&E Corporation (NYSE:PCG). Whittier Trust holds 0.02% in PG&E Corporation (NYSE:PCG) or 9,140 shares. Plante Moran Fincl Advsr Limited Liability Com has invested 0% of its portfolio in PG&E Corporation (NYSE:PCG). 398,000 were accumulated by Lsv Asset Mgmt. 7,605 were reported by Mastrapasqua Asset.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It is negative, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. 60,216 were accumulated by Renaissance Group Limited Co. Grassi Invest Mgmt reported 66,453 shares. Clifford Swan Counsel Ltd Co accumulated 1.23 million shares or 1.8% of the stock. Headinvest Limited Liability holds 0.27% of its portfolio in General Electric Company (NYSE:GE) for 43,200 shares. Livingston Group Asset Company (Operating As Southport Management) accumulated 98,263 shares or 1.01% of the stock. Crestpoint Cap Management Ltd reported 14,700 shares stake. Metropolitan Life New York invested in 4.17 million shares. Cambridge Trust invested in 1.82% or 1.12 million shares. Cornerstone Advsr reported 0.36% stake. Stillwater Capital Advsrs Llc holds 2.66% or 424,443 shares. Stonehearth Mngmt Ltd Liability Com holds 1.45% or 76,507 shares in its portfolio. Stephens Ar reported 568,557 shares. State Of Wisconsin Investment Board holds 11.45M shares. Da Davidson And has invested 0.57% of its portfolio in General Electric Company (NYSE:GE). Rnc Cap Mngmt Ltd Llc owns 65,625 shares.

Among 28 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 5 Sell and 14 Hold. Therefore 32% are positive. General Electric Company had 89 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of GE in report on Monday, August 7 with “Hold” rating. On Wednesday, January 24 the stock rating was maintained by CFRA with “Hold”. The company was downgraded on Monday, October 23 by UBS. The firm has “Buy” rating given on Friday, September 15 by RBC Capital Markets. RBC Capital Markets maintained the shares of GE in report on Monday, October 23 with “Buy” rating. Morgan Stanley maintained General Electric Company (NYSE:GE) rating on Monday, October 2. Morgan Stanley has “Equal-Weight” rating and $25 target. The stock has “Outperform” rating by Credit Suisse on Monday, November 23. As per Wednesday, December 23, the company rating was maintained by Argus Research. As per Monday, October 23, the company rating was downgraded by Morgan Stanley. The rating was maintained by Credit Suisse with “Outperform” on Thursday, October 5.

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