Media coverage about Pacific Gas & Electric Co. (NYSE:PCG) has been trending positive recently, AlphaOne Sentiment Analysis reports. AlphaOne, a service of Accern, identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pacific Gas & Electric Co. earned a media sentiment score of 0.29 on AlphaOne’s scale. AlphaOne also gave headlines about the utilities provider an impact score of 61 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have impacted Alpha One Sentiment’s rankings:
- PG&E Urges Customers to Keep Fathers and Families Safe When Flying New Father’s Day Drones (finance.yahoo.com)
- Crockett Cogeneration, LP — Moody’s downgrades the rating on Crockett Cogeneration’s senior secured bonds to Ba3; outlook negative. (finance.yahoo.com)
- Form 8-K PG&E Corp For: Jun 12 Filed by: PACIFIC GAS & ELECTRIC Co (streetinsider.com)
- PG&E’s Bolt of Energy (finance.yahoo.com)
- PG&E Senior Vice President and CNO Ed Halpin to Retire at End of 2017 (finance.yahoo.com)
PCG has been the subject of several recent research reports. Zacks Investment Research downgraded Pacific Gas & Electric Co. from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Royal Bank of Canada reiterated a “buy” rating and issued a $70.00 target price on shares of Pacific Gas & Electric Co. in a report on Thursday, February 23rd. Jefferies Group LLC upped their target price on Pacific Gas & Electric Co. from $71.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. Deutsche Bank AG upped their target price on Pacific Gas & Electric Co. from $67.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, April 11th. Finally, Citigroup Inc. upped their target price on Pacific Gas & Electric Co. from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, April 25th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $71.00.
Shares of Pacific Gas & Electric Co. (NYSE:PCG) traded up 0.14% during trading on Friday, hitting $69.16. The company had a trading volume of 4,509,103 shares. The firm has a market capitalization of $35.34 billion, a P/E ratio of 18.76 and a beta of 0.22. The company’s 50 day moving average is $67.25 and its 200 day moving average is $64.47. Pacific Gas & Electric Co. has a 1-year low of $57.60 and a 1-year high of $70.32.
Pacific Gas & Electric Co. (NYSE:PCG) last released its quarterly earnings results on Tuesday, May 2nd. The utilities provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.23. Pacific Gas & Electric Co. had a return on equity of 11.33% and a net margin of 10.42%. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the company posted $0.82 earnings per share. Analysts anticipate that Pacific Gas & Electric Co. will post $3.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, July 15th. Investors of record on Friday, June 30th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This is a positive change from Pacific Gas & Electric Co.’s previous quarterly dividend of $0.49. This represents a $2.12 annualized dividend and a dividend yield of 3.07%. Pacific Gas & Electric Co.’s payout ratio is currently 53.41%.
In related news, COO Nickolas Stavropoulos sold 11,085 shares of Pacific Gas & Electric Co. stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $67.37, for a total transaction of $746,796.45. Following the sale, the chief operating officer now directly owns 68,268 shares in the company, valued at $4,599,215.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.15% of the company’s stock.
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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