PG & E ( PCG) ($41.91 vs. $46.11 on July 30): Still has a buy rating according to ValuEngine and is below its 200-day SMA at $43.44. I do not show a value level with a semiannual pivot at $41.12 and semiannual risky level at $45.76. Southern Company ( SO) ($44.14 vs. $48.42 on July 30): Still has a hold rating according to ValuEngine with the stock below its 200-day SMA at $45.78. My semiannual value level is $43.36 with an annual pivot at $44.66 and annual risky level at $46.37. At the time of publication the author held no positions in any of the stocks mentioned.Follow @SuttmeierThis article is commentary by an independent contributor, separate from TheStreet's regular news coverage.