|Bid||23.56 x 3200|
|Ask||24.50 x 4000|
|Day's Range||23.08 - 24.41|
|52 Week Range||17.26 - 55.35|
|Beta (3Y Monthly)||-0.22|
|PE Ratio (TTM)||89.39|
|Earnings Date||Feb 7, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||41.40|
Pacific Gas and Electric Company (PG&E) is readying for the most rainfall since early April across Northern and Central California starting Wednesday and continuing through the Thanksgiving weekend. PG&E electric crews and vegetation contract crews are on alert for potential outages and will be ready to respond to outages, and local emergency operations centers will activate as needed. The company’s storm response won’t affect PG&E’s continuing restoration work in response to the Camp Fire in Butte County.
Kellie Smith, an adviser to assemblyman Chris Holden, said she is drafting legislation that could be introduced as early as Dec. 3. It may serve as a framework for lawmakers to consider relief for PG&E from the billions of dollars it faces in potential liability for death and property damage in Northern California’s Camp Fire, the deadliest in state history. Holden, who helped shepherd a bill that passed earlier this year to help California utilities cope with wildfire costs, was out of the country and unavailable for comment on the pending legislation.
Moody's Investors Service ("Moody's") has placed the Baa3 rating assigned to Panoche Energy Center, LLC's (Panoche or the Project) senior secured notes on review for downgrade. The review for downgrade is driven primarily by the weakened credit profile, including the prospect of a multi-notch rating downgrade of the Project's sole offtaker , Pacific Gas & Electric Company (PG&E: Baa2 RUR-down) that was downgraded to Baa2 and placed on review for downgrade on November 15th, 2018 .
shares fell nearly 6% on Monday after the San Francisco-based utility company said a second power line failed on the morning the deadly Camp Fire blaze started. PG&E filed an incident report on Friday the California Public Utilities Commission's (CPUC) safety division. The company said a line near Concow in Butte County in Northern California suffered an outage at 6:45 a.m. on Nov. 8.
Stocks that moved substantially or traded heavily Monday: Resolute Energy Corp., up $4.21 to $34.70 Cimarex agreed to buy the energy company for $35 a share in cash and stock. Colfax Corp., down $4.26 ...
Stocks slipped at Monday's open as rising Apple concerns hurts techs and the Dow Jones industrials fought to hold support.
To that end, the stock charts of Facebook (NASDAQ:FB), Exelon (NYSE:EXC) and Devon Energy (NYSE:DVN) look like they have the most to offer, from a risk/reward perspective. One hates to bet against the king of social networking, but Facebook shares look like they’ve slipped into what has become a self-fueling freefall. The downtrend broke to new multimonth lows on Friday.
Recently, utility stocks (VPU) continued to trade strong. The Utilities Select Sector SPDR ETF (XLU), which represents the S&P 500 Utilities, is trading at $54.88—more than 2% and 6% above its 50-day and 200-day moving average levels, respectively. The premium to both of these support levels highlights the strength in XLU. The moving average levels around $53.76 and $51.74 could act as a support for XLU in the short term.
Shares of JD.Com Inc (NASDAQ: JD) fell more than 4% in premarket trade as the Chinese online retailing giant missed third-quarter revenue expectations. Revenue for the quarter was 104.8 billion yuan, versus a consensus estimate of 106.2 billion yuan. Net income was 3.0 billion yuan, compared to 1.0 billion yuan for the same period last […] The post Stock Market News Daily Roundup November 19 appeared first on Market Exclusive.
A circuit in Concow, Butte County, failed at about 6:45 a.m. on Nov. 8, the utility said Friday in a filing. The California Department of Forestry and Fire Protection, known as Cal Fire, collected equipment on that circuit and “has secured a location near PG&E facilities,” the company said. Late Friday, Michael Picker, head of the California Public Utilities Commission, singled out PG&E’s board as an impediment to reform and said he isn’t ruling out carving up the company as officials launch a deep corporate review.
Utility stocks continued to trade strongly compared to broader markets last week. The Utilities Select Sector SPDR ETF (XLU) rose marginally, while broader markets fell 1.5% for the week ending November 16. So far in 2018, utilities have risen more than 5%, while the S&P 500 has risen ~2%.
shares fell once again Monday after the California utility disclosed a second outage that occurred the same day a deadly wildfire broke out. The beleaguered stock has taken a hit in the past week over concerns that PG&E equipment may have ignited the Camp Fire, the most destructive blaze in California’s history. Seventy-seven people have died, and the Northern California fire has burnt 150,000 acres and destroyed more than 12,000 homes and other structures.
California utility PG&E Corp (PCG.N), facing investor concerns over its possible role in the deadly Camp Fire in Northern California, has reported another power-line outage that it experienced on the morning of Nov. 8 when the blaze started. The incident report, which was filed on Friday with the safety division of the California Public Utilities Commission (CPUC), said a line near the area of Concow in Butte County suffered an outage at 6:45 a.m. on Nov. 8. The information in the report is preliminary, according to a spokesman for PG&E, who said the company was cooperating with any investigations.
PG&E Corp. shares break a six-day string of losses on Friday, rising nearly 40% as concerns its wildfire liability could push it to bankruptcy ease.
The number of people missing after California's deadliest and most destructive wildfire jumped on Saturday to 1,276, despite authorities locating hundreds of people who scattered when the Camp Fire tore through the mountain town of Paradise. Forensic recovery teams sifting through the charred wreckage recovered the remains of five more victims, bringing the death toll to at least 76, authorities said. Butte County Sheriff Kory Honea said much of the increase in the number of missing was due to his office's efforts to comb through a backlog of emergency calls that came in during the first hours of the fire on Nov. 8.
Forensic recovery teams searched for more victims in the charred wreckage of the northern California town of Paradise on Saturday as the number of people listed as missing in the state's deadliest wildfire topped 1,000. President Donald Trump visited the devastated small community in the Sierra foothills, 175 miles (280 km) north of San Francisco, where authorities say the remains of at least 71 people have been recovered. "Nobody could have thought this would ever happen," Trump told reporters amid the charred wreckage of the town's Skyway Villa Mobile Home and RV Park.
soared by nearly 38% by Friday's close after the head of California's Public Utilities Commission was quoted as saying he couldn't imagine allowing the state's largest utility to go into bankruptcy in the face of potential liability from the state's deadly wildfires. Bloomberg quoted PUC President Michael Picker as saying that "it's not good policy to have utilities unable to finance the services and infrastructure the state of California needs.
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher Friday after starting the day in the red. Nvidia Corp. dropped nearly 19% after the chipmaker posted third-quarter adjusted earnings and revenue below estimates and the company issued weaker-than-expected fourth-quarter guidance.
Forensic recovery teams pressed their search for more victims in the flame-ravaged northern California town of Paradise on Friday as authorities sought clues to the fate of about 1,000 people reported missing in the state's deadliest wildfire on record. Remains of at least 71 people have been recovered in and around a Sierra foothills hamlet that was home to nearly 27,000 residents before the town, 175 miles (280 km) north of San Francisco, was largely incinerated by the deadly Camp Fire on the night of Nov. 8.
The embattled PG&E Corp. would face higher borrowing costs if its credit rating falls to junk following California’s deadliest and most destructive wildfire. Climate change has made wildfires the new abnormal in the region, but now the fires themselves may make it harder to fight climate change. California has approved a series of measures to rein in carbon emissions, and will need PG&E’s help to achieve many of its goals.
As the death toll from California's Camp Fire rises, Pacific Gas and Electric is facing criticism for keeping the power on during a "red flag" warning. CBS News' Meg Oliver joined CBSN from Paradise, California, where the search for victims is ongoing.
California’s largest power company, Pacific Gas and Electric, is under new pressure to explain its actions before the so-called Camp Fire started in Northern California. It's blamed for 77 deaths, and nearly 1,000 people are still officially unaccounted for. Meg Oliver reports from Paradise.