Pacific Gas & Electric Co. (PCG) Given News Impact Rating of 0.16

Headlines about Pacific Gas & Electric Co. (NYSE:PCG) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pacific Gas & Electric Co. earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.3637487352289 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the media headlines that may have effected Accern’s scoring:

A number of research analysts have recently commented on PCG shares. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Pacific Gas & Electric Co. in a report on Tuesday, June 27th. BidaskClub cut shares of Pacific Gas & Electric Co. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Mizuho reissued a “buy” rating and issued a $74.00 target price on shares of Pacific Gas & Electric Co. in a report on Thursday, July 13th. BMO Capital Markets reissued a “hold” rating and issued a $69.00 target price on shares of Pacific Gas & Electric Co. in a report on Thursday, July 13th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $75.00 target price on shares of Pacific Gas & Electric Co. in a report on Friday, July 14th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.70.

Pacific Gas & Electric Co. (NYSE:PCG) opened at 64.50 on Friday. Pacific Gas & Electric Co. has a one year low of $57.60 and a one year high of $71.57. The company has a market cap of $33.08 billion, a price-to-earnings ratio of 15.90 and a beta of 0.22. The company has a 50-day moving average of $69.33 and a 200-day moving average of $67.92.

Pacific Gas & Electric Co. (NYSE:PCG) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.07. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.34 billion. Pacific Gas & Electric Co. had a return on equity of 11.63% and a net margin of 11.48%. Pacific Gas & Electric Co.’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Equities research analysts expect that Pacific Gas & Electric Co. will post $3.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 29th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, September 28th. Pacific Gas & Electric Co.’s dividend payout ratio is currently 52.35%.

In other Pacific Gas & Electric Co. news, SVP Julie Kane sold 2,233 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $68.98, for a total value of $154,032.34. Following the completion of the sale, the senior vice president now owns 10,751 shares in the company, valued at $741,603.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Simon sold 881 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $69.43, for a total value of $61,167.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,915 shares of company stock valued at $340,377. 0.15% of the stock is owned by insiders.

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About Pacific Gas & Electric Co.

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.

Insider Buying and Selling by Quarter for Pacific Gas & Electric Co. (NYSE:PCG)

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