News headlines about Pacific Gas & Electric Co. (NYSE:PCG) have been trending positive this week, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne 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 news sentiment score of 0.29 on AlphaOne’s scale. AlphaOne also gave press coverage about the utilities provider an impact score of 61 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted AlphaOne’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)
Pacific Gas & Electric Co. (PCG) traded up 0.14% during mid-day trading on Friday, reaching $69.16. The company had a trading volume of 4,509,103 shares. The firm has a market capitalization of $35.34 billion, a PE ratio of 18.76 and a beta of 0.22. The stock’s 50-day moving average price is $67.25 and its 200 day moving average price is $64.47. Pacific Gas & Electric Co. has a 52 week low of $57.60 and a 52 week high of $70.32.
Pacific Gas & Electric Co. (NYSE:PCG) last released its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.23. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.15 billion. Pacific Gas & Electric Co. had a return on equity of 11.33% and a net margin of 10.42%. During the same quarter last year, the business posted $0.82 EPS. On average, equities research analysts predict that Pacific Gas & Electric Co. will post $3.67 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.53 per share. The ex-dividend date is Wednesday, June 28th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.07%. This is a positive change from Pacific Gas & Electric Co.’s previous quarterly dividend of $0.49. Pacific Gas & Electric Co.’s dividend payout ratio (DPR) is presently 53.41%.
Several research analysts have recently weighed in on PCG shares. Jefferies Group LLC boosted their price target on Pacific Gas & Electric Co. from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, February 17th. Royal Bank of Canada restated a “buy” rating and issued a $70.00 price target on shares of Pacific Gas & Electric Co. in a research note on Thursday, February 23rd. Deutsche Bank AG boosted their price target on Pacific Gas & Electric Co. from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, April 11th. Mizuho restated a “buy” rating and issued a $74.00 price target on shares of Pacific Gas & Electric Co. in a research note on Wednesday, April 19th. Finally, Citigroup Inc. upped their price objective on Pacific Gas & Electric Co. from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, April 25th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.00.
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In other Pacific Gas & Electric Co. news, COO Nickolas Stavropoulos sold 11,085 shares of Pacific Gas & Electric Co. stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $67.37, for a total transaction of $746,796.45. Following the completion of the transaction, the chief operating officer now owns 68,268 shares in the company, valued at approximately $4,599,215.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.15% of the company’s stock.
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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