Media coverage about Pacific Gas & Electric Co. (NYSE:PCG) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pacific Gas & Electric Co. earned a news impact score of 0.08 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 45.9822017202504 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- Pacific Gas & Electric : PG&E Continues to Prioritize Safety Investments, Upgrades in Its Proposed Gas Transmission, Storage Plan (4-traders.com)
- PG&E Continues to Prioritize Safety Investments and Upgrades in its Proposed Gas Transmission and Storage Plan (finance.yahoo.com)
- Insider Selling: Pacific Gas & Electric Co. (PCG) VP Sells 700 Shares of Stock (americanbankingnews.com)
- Guest Opinion: Help Wine Country recover by visiting (feeds.bizjournals.com)
- NYSE:PCG Shareholder Notice: Investigation of P&E Corp over Recent CA Wildfires (sbwire.com)
A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Pacific Gas & Electric Co. from $79.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, October 16th. Bank of America Corporation started coverage on Pacific Gas & Electric Co. in a research note on Tuesday, October 24th. They set a “neutral” rating and a $59.00 price objective for the company. Evercore ISI lowered their price objective on Pacific Gas & Electric Co. from $66.00 to $61.00 in a research note on Monday, October 16th. Royal Bank Of Canada reiterated a “buy” rating and set a $70.00 price objective on shares of Pacific Gas & Electric Co. in a research note on Monday, September 18th. Finally, ValuEngine upgraded Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Pacific Gas & Electric Co. has an average rating of “Buy” and an average target price of $67.77.
Pacific Gas & Electric Co. (PCG) opened at $54.00 on Friday. Pacific Gas & Electric Co. has a one year low of $49.83 and a one year high of $71.57. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $27,778.84, a price-to-earnings ratio of 12.36, a PEG ratio of 3.42 and a beta of 0.17.
Pacific Gas & Electric Co. (NYSE:PCG) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.18. Pacific Gas & Electric Co. had a return on equity of 11.94% and a net margin of 12.59%. The firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The company’s revenue was down 6.1% on a year-over-year basis. research analysts expect that Pacific Gas & Electric Co. will post 3.69 EPS for the current fiscal year.
In other news, EVP John R. Simon sold 881 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $69.43, for a total value of $61,167.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP David S. Thomason sold 700 shares of Pacific Gas & Electric Co. stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $56.82, for a total value of $39,774.00. Following the completion of the sale, the vice president now directly owns 6,657 shares of the company’s stock, valued at approximately $378,250.74. The disclosure for this sale can be found here. Insiders sold 3,382 shares of company stock valued at $226,118 in the last 90 days. Company insiders own 0.15% of the company’s stock.
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Pacific Gas & Electric Co. Company Profile
PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial, and agricultural customers.
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