PG&E (PCG) Forms $42.92 Double Bottom; 1 Analysts Covering Piedmont Office Realty Trust, Inc. (PDM)

June 24, 2018 - By rebbecca

Among 4 analysts covering Piedmont Office Realty Trust (NYSE:PDM), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Piedmont Office Realty Trust had 18 analyst reports since September 3, 2015 according to SRatingsIntel. The stock of Piedmont Office Realty Trust, Inc. (NYSE:PDM) earned “Neutral” rating by DA Davidson on Tuesday, May 3. On Thursday, September 3 the stock rating was maintained by SunTrust with “Neutral”. As per Tuesday, March 6, the company rating was maintained by SunTrust. The firm earned “Sell” rating on Monday, December 14 by Stifel Nicolaus. As per Tuesday, March 13, the company rating was downgraded by Stifel Nicolaus. As per Thursday, February 8, the company rating was maintained by Robert W. Baird. The company was maintained on Monday, September 18 by Stifel Nicolaus. The company was downgraded on Thursday, January 7 by Robert W. Baird. As per Thursday, November 2, the company rating was maintained by Stifel Nicolaus. The firm has “Hold” rating given on Monday, January 22 by SunTrust. See Piedmont Office Realty Trust, Inc. (NYSE:PDM) latest ratings:

13/03/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Sell Downgrade
06/03/2018 Broker: SunTrust Rating: Hold New Target: $20.0 Maintain
09/02/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $18.0 Maintain
08/02/2018 Broker: Robert W. Baird Rating: Buy New Target: $22.0 Maintain
22/01/2018 Broker: SunTrust Rating: Hold New Target: $21.0 Maintain
08/01/2018 Broker: Robert W. Baird Rating: Buy New Target: $21.0 Maintain

PG&E Corporation (PCG) formed double bottom with $39.49 target or 8.00% below today’s $42.92 share price. PG&E Corporation (PCG) has $22.17B valuation. The stock increased 5.90% or $2.39 during the last trading session, reaching $42.92. About 16.58M shares traded or 252.83% up from the average. PG&E Corporation (NYSE:PCG) has declined 33.63% since June 24, 2017 and is downtrending. It has underperformed by 46.20% the S&P500. Some Historical PCG News: 21/03/2018 – Cal EMA Spills: SPILL Report – PG&E – 03/21/2018 11:09 AM; 08/03/2018 – PG&E CEO GEISHA WILLIAMS SPEAKS AT CERAWEEK; 25/05/2018 – PG&E Calls for Resolving Unsustainable Policies Related to Wildfire Liability; 23/03/2018 – CAISO Approves PG&E Oakland Clean Energy Initiative; 15/03/2018 – Cal EMA Spills: SPILL Report – PG&E – 03/15/2018 10:59 AM; 05/04/2018 – Cal EMA Spills: SPILL Report – PG&E – 04/05/2018 08:05 AM; 18/04/2018 – MOODY’S ASSIGNS A2 TO LODI (CITY OF) CA ELECTRIC ENTERPRISE REFUNDING BONDS, OUTLOOK STABLE; 04/05/2018 – S&PGR Lowers Pacific Gas & Electric Pref Stock Rtg To ‘CCC+’; 25/04/2018 – Cal EMA Spills: SPILL Report – PG&E – 04/25/2018 12:43 PM; 17/05/2018 – PG&E Increases Energy Efficiency Options to Help Customers Rebuilding in Wildfire-lmpacted Areas Save Money

Another recent and important Piedmont Office Realty Trust, Inc. (NYSE:PDM) news was published by Globenewswire.com which published an article titled: “Market Trends Toward New Normal in TE Connectivity, Nutrien, Cheetah Mobile, Unilever NV, B2Gold, and Piedmont …” on June 08, 2018.

The stock increased 1.58% or $0.31 during the last trading session, reaching $19.92. About 13.14 million shares traded or 923.05% up from the average. Piedmont Office Realty Trust, Inc. (NYSE:PDM) has declined 10.67% since June 24, 2017 and is downtrending. It has underperformed by 23.24% the S&P500. Some Historical PDM News: 27/03/2018 Analysis: Positioning to Benefit within PagSeguro Digital, Piedmont Office Realty Trust, Teva Pharmaceutical Industries, Obsidi; 01/05/2018 – PIEDMONT OFFICE SEES FY CORE FFO/SHR $1.68 TO $1.74, EST. $1.69; 01/05/2018 – Piedmont Office Realty Trust Sees 1Q Core/FFO Shr $1.68-$1.74; 01/05/2018 – Piedmont Office Realty 1Q FFO 41c/Shr; 01/05/2018 – Piedmont Office Realty 1Q EPS 42c; 16/05/2018 – PIEDMONT OFFICE REALTY TRUST INC PDM.N : JP MORGAM RAISES TARGET PRICE TO $20 FROM $19; 03/04/2018 – PIEDMONT OFFICE REALTY TRUST SAYS ON MARCH 29, CO’S UNIT ENTERED INTO A $250 MLN UNSECURED TERM LOAN FACILITY – SEC FILING; 19/04/2018 – REG-Piedmont Announces First Quarter 2018 Leasing and Capital Markets Activity; 15/05/2018 – Brookfield Asset Management Buys 5.8% of Piedmont Office; 01/05/2018 – PIEDMONT OFFICE 1Q REV. $129.9M

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.23, from 1.26 in 2017Q4. It worsened, as 20 investors sold Piedmont Office Realty Trust, Inc. shares while 66 reduced holdings. 33 funds opened positions while 56 raised stakes. 111.70 million shares or 3.61% less from 115.88 million shares in 2017Q4 were reported. Amp Invsts reported 0% in Piedmont Office Realty Trust, Inc. (NYSE:PDM). Advisory Network Lc has 6,580 shares for 0.01% of their portfolio. Barclays Plc has 0% invested in Piedmont Office Realty Trust, Inc. (NYSE:PDM) for 186,522 shares. Earnest Ptnrs Ltd Liability has 0% invested in Piedmont Office Realty Trust, Inc. (NYSE:PDM) for 252 shares. Dupont Capital Mngmt reported 0.01% of its portfolio in Piedmont Office Realty Trust, Inc. (NYSE:PDM). Fmr Limited Liability Corporation holds 6.97 million shares. Rafferty Asset Mngmt Ltd Liability Company invested 0.01% in Piedmont Office Realty Trust, Inc. (NYSE:PDM). Wells Fargo Mn invested in 359,923 shares or 0% of the stock. Cornerstone Advsrs invested in 0% or 325 shares. 131,748 are held by Sumitomo Mitsui Trust Hldg. Moreover, Riverhead Ltd Liability Co has 0.03% invested in Piedmont Office Realty Trust, Inc. (NYSE:PDM) for 43,550 shares. Jpmorgan Chase And has 1.20 million shares for 0% of their portfolio. Robeco Institutional Asset Management Bv accumulated 53,289 shares. Stratos Wealth Ltd reported 587 shares. Moreover, Guggenheim Capital Ltd has 0.02% invested in Piedmont Office Realty Trust, Inc. (NYSE:PDM) for 387,674 shares.

Since February 12, 2018, it had 3 buys, and 0 sales for $336,489 activity. $100,149 worth of Piedmont Office Realty Trust, Inc. (NYSE:PDM) was bought by Swope Jeffrey L.. $186,500 worth of Piedmont Office Realty Trust, Inc. (NYSE:PDM) was bought by BARRETT KELLY HEFNER. Smith Christopher Brent bought 2,800 shares worth $49,840.

Piedmont Office Realty Trust, Inc. is a real estate investment trust. The company has market cap of $2.55 billion. The firm invests in real estate markets of the United States. It owns, manages, develops and operates high-quality, Class A office properties located in select sub markets of eight major Eastern U.S. office markets. It has a 16.14 P/E ratio. The firm was formerly known as Wells REIT, Inc.

Among 17 analysts covering PG&E Corporation (NYSE:PCG), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. PG&E Corporation had 58 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, August 13. The stock has “In-Line” rating by Evercore on Tuesday, September 26. The stock of PG&E Corporation (NYSE:PCG) has “Overweight” rating given on Friday, June 1 by JP Morgan. The stock has “Overweight” rating by Barclays Capital on Wednesday, September 2. Morgan Stanley maintained PG&E Corporation (NYSE:PCG) on Wednesday, June 13 with “Overweight” rating. The firm has “Buy” rating given on Wednesday, August 30 by Jefferies. Jefferies maintained it with “Buy” rating and $7600 target in Friday, July 28 report. As per Friday, July 15, the company rating was upgraded by RBC Capital Markets. JP Morgan maintained PG&E Corporation (NYSE:PCG) rating on Wednesday, February 21. JP Morgan has “Overweight” rating and $50 target. The stock of PG&E Corporation (NYSE:PCG) has “Hold” rating given on Tuesday, May 29 by Bank of America.

Investors sentiment increased to 1.14 in Q1 2018. Its up 0.21, from 0.93 in 2017Q4. It increased, as 60 investors sold PG&E Corporation shares while 161 reduced holdings. 75 funds opened positions while 176 raised stakes. 403.55 million shares or 0.71% more from 400.70 million shares in 2017Q4 were reported. Acadian Asset Management Ltd Com invested in 2,328 shares. Scotia Cap Inc holds 0% or 5,048 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt accumulated 20,771 shares. Susquehanna Group Inc Llp holds 399,829 shares or 0.01% of its portfolio. Aperio Gru Ltd has invested 0.1% in PG&E Corporation (NYSE:PCG). Pinebridge Invests L P holds 0.01% or 8,214 shares in its portfolio. Pictet Asset Management reported 0.03% of its portfolio in PG&E Corporation (NYSE:PCG). Janney Montgomery Scott Ltd Liability Com reported 0% stake. Private Ocean Ltd Liability holds 1,000 shares. Private Asset Management owns 0.08% invested in PG&E Corporation (NYSE:PCG) for 10,775 shares. Caxton reported 1.15% in PG&E Corporation (NYSE:PCG). Amalgamated Savings Bank accumulated 63,682 shares. Earnest Ptnrs Llc holds 0% of its portfolio in PG&E Corporation (NYSE:PCG) for 255 shares. Goldman Sachs Grp Inc has invested 0.05% in PG&E Corporation (NYSE:PCG). Glendon Capital Mngmt Ltd Partnership holds 2.16% or 200,000 shares in its portfolio.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) Institutional Positions Chart