Media coverage about Pacific Gas & Electric Co. (NYSE:PCG) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pacific Gas & Electric Co. earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 44.4728550187795 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s scoring:
- Pacific Gas & Electric Co. (PCG) Receives New Coverage from Analysts at Bank of America Corporation (americanbankingnews.com)
- How Utility Stocks Performed Last Week (finance.yahoo.com)
- PG&E Corp. (PCG) Says Electric and Gas Service Restored to Essentially All Customers in Wildfire Zone (streetinsider.com)
- Pacific Gas & Electric : PG&E Nears Completion of Restoration Effort for Electric and Gas Customers (4-traders.com)
- PG&E Under Fire as Smoke Clears in Northern California (finance.yahoo.com)
Pacific Gas & Electric Co. (NYSE PCG) opened at 57.11 on Wednesday. The firm has a 50-day moving average price of $66.39 and a 200-day moving average price of $67.35. Pacific Gas & Electric Co. has a 12-month low of $49.83 and a 12-month high of $71.57. The stock has a market cap of $29.29 billion, a PE ratio of 14.08 and a beta of 0.22.
Pacific Gas & Electric Co. (NYSE:PCG) last issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.07. The business had revenue of $4.25 billion for 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%. The firm’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 posted $0.66 EPS. Analysts forecast that Pacific Gas & Electric Co. will post $3.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Friday, September 29th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Thursday, September 28th. Pacific Gas & Electric Co.’s dividend payout ratio is 52.35%.
A number of analysts have recently issued reports on PCG shares. Barclays PLC boosted their target price on Pacific Gas & Electric Co. from $69.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, September 22nd. Mizuho reiterated a “buy” rating and set a $78.00 target price on shares of Pacific Gas & Electric Co. in a report on Monday, October 9th. J P Morgan Chase & Co boosted their target price on Pacific Gas & Electric Co. from $74.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) cut Pacific Gas & Electric Co. from a “conviction-buy” rating to a “buy” rating and set a $65.00 target price for the company. in a report on Monday, October 16th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Pacific Gas & Electric Co. in a report on Monday, October 16th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $67.85.
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In other Pacific Gas & Electric Co. news, COO Nickolas Stavropoulos sold 1,101 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $69.43, for a total value of $76,442.43. Following the sale, the chief operating officer now owns 63,661 shares of the company’s stock, valued at approximately $4,419,983.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roger H. Kimmel bought 4,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was acquired at an average cost of $69.68 per share, for a total transaction of $278,720.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 4,915 shares of company stock worth $340,377. 0.15% of the stock is currently owned by insiders.
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.
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