PCG - PG&E Corporation
| Previous Close | 21.00 |
| Open | 20.88 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 3000 |
| Day's Range | 20.87 - 21.60 |
| 52 Week Range | 5.07 - 49.42 |
| Volume | 4,558,227 |
| Avg. Volume | 12,874,569 |
| Market Cap | 11.29B |
| Beta (3Y Monthly) | -0.75 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -13.25 |
| Earnings Date | May 1, 2019 - May 6, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2017-09-28 |
| 1y Target Est | 22.04 |
Associated Press•5 hours agoCalifornia utility seeks higher rates for wildfire safety
California utility Pacific Gas & Electric Corp. is asking state regulators for another increase in rates and profits, saying it's needed for wildfire safety and to attract investment as the utility goes through bankruptcy. The Sacramento Bee reports Monday that the request and a previous one could result in average PG&E customer bills rising more than $22 a month for electricity and natural gas. Southern California Edison and San Diego Gas & Electric, the state's other major utilities, also asked the Public Utilities Commission for greater profit margins, saying they need to offer investors a higher return for taking on financial insecurity related to wildfires.
- Reuters•8 hours ago
PG&E in deal with BlueMountain appoints new independent director
California utility owner PG&E Corp said on Monday it agreed to a deal with BlueMountain Capital Management LLC to appoint a new independent director and a safety adviser, resolving a months-long battle with the activist shareholder. BlueMountain, a New York-based hedge fund, in March selected 13 candidates it hoped to install as directors at PG&E's board after slamming the embattled power utility for seeking bankruptcy protection. As part of the agreement, BlueMountain will withdraw its nominee slate of 13 candidates and vote in favor of PG&E's board nominees at the meeting, PG&E said in a statement.
- Bloomberg•9 hours ago
PG&E Nears a Deal With Investor to Bump One Board Member
Fred Buckman, the former head of the utility Consumers Energy, will join PG&E’s board as part of an agreement with BlueMountain Capital Management, according to a statement Monday. PG&E, which filed for bankruptcy in January, proposed adding an additional spot to its board, expanding it to 15 directors. It also named Chris Hart, the former chairman of the National Transportation Safety Board, as a special independent safety adviser who will report directly to new Chief Executive Officer Bill Johnson.
- Business Wire•10 hours ago
PG&E Announces New Board Member and Appointment of Special Independent Safety Advisor
PG&E Corporation (PCG) today announced additional changes to the Boards of Directors (the “PG&E Boards” or the “Boards”) of the Corporation and Pacific Gas and Electric Company (together, the “company”) as well as actions aimed at strengthening the company’s safety culture. Fred Buckman, former CEO of Consumers Energy and PacifiCorp, has been appointed to the Boards as a new independent director, effective immediately. Dr. Buckman will replace Richard Kelly, who has resigned as a director of each of the Boards.
- American City Business Journals•11 hours ago
SMUD, PG&E study electric long-haul trucking future
Utilities along the entire West Coast are joining together to create an electric highway to power long-haul shipping from Mexico to Canada along Interstate 5.
- Business Wire•12 hours ago
PG&E Submits Updated Financing Proposal for Safety and Reliability Infrastructure Investments for 16 Million Customers
Today, Pacific Gas and Electric Company (PG&E) filed its Cost of Capital proposal with the California Public Utilities Commission (CPUC) designed to make sure PG&E is meeting the energy needs of its customers by attracting the critical funding necessary to invest in and increase the safety and reliability of its energy system, while also addressing the heightened risks of California’s year-round wildfire season.
- Market Realist•12 hours ago
How PG&E Stock Fared Last Week
Analyzing Utilities’ Charts, Valuation, Price Targets, and More(Continued from Prior Part)PG&E stock PG&E (PCG) stock fell the most among utilities last week, by more than 9%. JPMorgan Chase raised PCG’s price target from $11 to $14 on
Market Realist•13 hours agoUtilities’ Ups and Downs Last Week
Analyzing Utilities’ Charts, Valuation, Price Targets, and MoreUtility stocks fallUtility stocks continued to underperform broader markets last week. The Utilities Select Sector SPDR ETF (XLU) fell 1.6% while broader markets closed flat.
- Investopedia•3 days ago
Top 5 Nuclear Energy Stocks for 2019
We look at the nuclear power sector and how U.S. investors can get access to this often profitable, but still controversial, sector of the energy market.
- Bloomberg•4 days ago
San Francisco Mayor Sees PG&E Assets as a ‘Great’ Opportunity
Breed said she sees an opportunity to deliver clean power to her residents while keeping rates as low as possible. “I’m pretty excited about it, and I am hopeful that we are able to do it,” Breed said in an interview with Bloomberg News Wednesday at City Hall. Breed’s remarks showed the potential for sweeping change at San Francisco-based PG&E, which filed for bankruptcy in January under the weight of an estimated $30 billion in liabilities from wildfires.
- Bloomberg•5 days ago
San Francisco Might Divorce PG&E But Not Wildfire Costs
Mayor London Breed said in an interview with Bloomberg News that she’s “pretty excited” at the prospect of the city taking over its local grid from bankrupt utility PG&E Corp. A feasibility study is due later this month — and it’s not the first one, either. San Francisco has been considering taking its grid out of PG&E’s hands, off and on, since at least the 1990s. It is easy to see why San Francisco is tempted.
- Business Wire•5 days ago
PG&E to Reschedule 2019 Annual Meeting of Shareholders
The Board of Directors of PG&E Corporation (PCG) today announced that the joint 2019 Annual Meeting of Shareholders of the Corporation and Pacific Gas and Electric Company, previously scheduled for May 21, 2019, will be rescheduled in order to allow additional time following the Board’s substantial refreshment announced on April 3, 2019. PG&E anticipates that it will hold its Annual Meeting in June 2019, and intends to announce the new Annual Meeting date in the coming weeks. PG&E Corporation is a holding company headquartered in San Francisco.
- Financial Times•5 days ago
PG&E creates world-class hangover for wind and solar investors
Californians like to think they show the rest of the country the way to a clean energy future. Inconveniently, utility power purchase agreements (PPAs), which have been the principal economic model for renewable energy in the state, face legal collapse within two weeks. The PPA crisis is one of the consequences of the bankruptcy of Pacific Gas & Electric, the state’s largest utility.
- Business Wire•6 days ago
PG&E Warns Anglers and Outdoor Recreationists of Cold-water Hazards During Spring Snowmelt
With the exceptional California snowpack melting as temperatures rise, rivers and streams are full of dangerously cold and swift moving water this spring. Pacific Gas and Electric Company (PG&E) encourages water enthusiasts to take extra precautions when in or near rivers, especially around hydroelectric facilities and dams, where water flows can change rapidly. Anglers are also encouraged to take precautions as trout season opens April 27 for most California rivers.
- Market Realist•6 days ago
Utilities and Broader Markets: Comparing the Implied Volatility
How Are Utility Stocks Placed for the Future?(Continued from Prior Part)Implied volatility On April 12, the Utilities Select Sector SPDR (XLU) witnessed an implied volatility of 11%, which was marginally lower than its 15-day average. Recently,
- American City Business Journals•6 days ago
New PG&E CEO to rake in a salary more than double that of Geisha Williams, his predecessor
Incoming CEO Bill Johnson will receive an annual base salary of $2.5 million for a three-year contract.
- American City Business Journals•6 days ago
Small businesses may get early option to leave PG&E for San Jose's city-owned utility
Small commercial customers could get their electricity from San Jose’s new municipal utility, rather than Pacific Gas and Electric, as early as this summer if the City Council approves it.
- Business Wire•7 days ago
PG&E Increases Property Tax and Franchise Fees Payments to Cities, Counties This Year Due to Increased Infrastructure Investment
Pacific Gas and Electric Company is paying property taxes and franchise fees of more than $388 million this spring to the 50 counties and 247 cities where the energy company owns and operates gas and electric infrastructure that serves 16 million Californians.
- Market Realist•7 days ago
PG&E Stock Rose ~20% Last Week
How Are Utility Stocks Placed for the Future?(Continued from Prior Part)PG&EPG&E (PCG), which is seeking bankruptcy protection under Chapter 11, had one of the best weeks of the year. The stock rose almost 20% last week after Governor
Associated Press•7 days agoCalifornia regulators question PG&E's vow to improve safety
California regulators expressed skepticism Monday that Pacific Gas & Electric Corp.'s new leaders have enough professional experience to instill the deep corporate culture of safety they say the company has lacked. The utility has been blamed for more than a dozen of California's most destructive wildfires in the past two years. The five-member California Public Utilities Commission questioned veteran PG&E board member Richard Kelly about the safety qualifications of 10 new board members and incoming chief executive Bill Johnson, who starts May 1.
- Investopedia•8 days ago
Wildfire Protection Talk Lights Up Californian Utility Stocks
Californian utility stocks soared Friday, April 12, after the release of a wildfire report. Power up profits with these three trading ideas.
- Reuters•10 days ago
California governor proposes fund to pay for wildfire liabilities; PG&E shares rise
The creation of a fund that would allow utilities to pay for wildfire damage claims sent PG&E Corp shares soaring nearly 12 percent before closing 3.95 percent higher on Friday. "PG&E is a textbook example of what happens when a utility does not invest in safety after numerous deadly reminders to do so over many years," a report released by Newsom said. PG&E said in a statement that it is "embracing the calls for change," and committed to resolving wildfire victims' claims fairly and expeditiously.
Bloomberg•10 days agoPG&E Caps Best Day Since Going Bankrupt as California Offers Help
The governor issued a report Friday outlining possible solutions for how costs for destructive wildfires will be covered -- including a possible fund that utilities can tap into -- that sent the clearest signal yet that the state will move to keep its power companies solvent. The wide-ranging report gave Wall Street optimism that California will work with utilities to solve an intractable problem: who pays for wildfires as climate change threatens to make them deadlier and more frequent. Now, the task of developing a concrete approach falls to lawmakers, who need to work quickly as another fire season nears.
