Media headlines about Pacific Gas & Electric Co. (NYSE:PCG) have been trending positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog 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 news sentiment score of 0.29 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 45.2492649179439 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- PG&E Prepared for Unusual Challenges of Solar Eclipse (finance.yahoo.com)
- Short Interest in Pacific Gas & Electric Co. (PCG) Increases By 45.2% (americanbankingnews.com)
- Pacific Gas & Electric Co. (PCG) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- Julie Kane Sells 2,233 Shares of Pacific Gas & Electric Co. (PCG) Stock (americanbankingnews.com)
- Pacific Gas & Electric Co. (PCG) Rating Reiterated by Royal Bank Of Canada (americanbankingnews.com)
Several research analysts have recently commented on PCG shares. Mizuho reaffirmed a “buy” rating and issued a $74.00 price target on shares of Pacific Gas & Electric Co. in a report on Thursday, July 13th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Pacific Gas & Electric Co. in a report on Tuesday, June 27th. Royal Bank Of Canada set a $70.00 price target on shares of Pacific Gas & Electric Co. and gave the company a “buy” rating in a report on Saturday, June 3rd. Zacks Investment Research raised shares of Pacific Gas & Electric Co. from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a report on Wednesday, April 26th. Finally, Jefferies Group LLC lifted their price target on shares of Pacific Gas & Electric Co. from $71.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Pacific Gas & Electric Co. presently has an average rating of “Buy” and a consensus target price of $69.60.
Shares of Pacific Gas & Electric Co. (PCG) traded up 0.23% during mid-day trading on Friday, reaching $69.14. 2,069,248 shares of the company traded hands. The stock has a market capitalization of $35.46 billion, a PE ratio of 17.05 and a beta of 0.21. The stock’s 50 day moving average is $67.53 and its 200 day moving average is $66.69. 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 posted its earnings results on Thursday, July 27th. The utilities provider reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.07. Pacific Gas & Electric Co. had a net margin of 11.48% and a return on equity of 11.63%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Pacific Gas & Electric Co. will post $3.67 earnings per share for the current year.
In other Pacific Gas & Electric Co. news, SVP Julie Kane sold 2,233 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $68.98, for a total transaction of $154,032.34. Following the sale, the senior vice president now owns 10,751 shares of the company’s stock, valued at approximately $741,603.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Nickolas Stavropoulos sold 11,085 shares of the 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 sale, the chief operating officer now directly owns 68,268 shares in the company, valued at approximately $4,599,215.16. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate 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.
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