PCG - PG&E Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
17.93
+2.45 (+15.83%)
As of 2:30PM EST. Market open.
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Previous Close15.48
Open16.35
Bid18.13 x 1800
Ask18.14 x 900
Day's Range16.13 - 18.51
52 Week Range5.07 - 49.42
Volume23,296,295
Avg. Volume25,466,586
Market Cap9.3B
Beta (3Y Monthly)-0.78
PE Ratio (TTM)68.17
EPS (TTM)0.26
Earnings DateFeb 28, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-09-28
1y Target Est16.38
Trade prices are not sourced from all markets
  • PG&E Calls Hot on Bullish Citi Prediction
    Schaeffer's Investment Research1 hour ago

    PG&E Calls Hot on Bullish Citi Prediction

    The analyst thinks the utility stock could double

  • Why PG&E Popped 16% Today
    Motley Fool2 hours ago

    Why PG&E Popped 16% Today

    An analyst upgrade has sent the stock higher.

  • TheStreet.com2 hours ago

    PG&E Shares Surge on Analyst Upgrade to Buy

    soared Tuesday after a Citigroup analyst upgraded the company to buy from neutral - even as the utility struggles through bankruptcy related to liabilities surrounding last year's devastating wildfires. Shares of PG&E were up 15.6% to $17.90 in trading on the New York Stock Exchange after Citigroup analyst Praful Mehta said that he believes California lawmakers are likely to change the laws to reduce future wildfire liabilities for PG&E and other utilities. "Public comments by the Governor and recent conversations with teams in Sacramento suggest that legislation to limit future wildfire risk could be passed in 60-90 days," Mehta wrote in a note to clients.

  • Bond Raters to Advise on Fix to California Law That Doomed PG&E
    Bloomberg2 hours ago

    Bond Raters to Advise on Fix to California Law That Doomed PG&E

    As California lawmakers work on a plan to stabilize the state’s biggest electric companies, which are facing increasing pressure from wildfire liabilities, they say they’ll seek input from ratings analysts to help ensure that utilities can retain access to capital markets. Senate Majority Leader Bob Hertzberg said in an interview that any legislative proposals would be "informed by Moody’s, Standard & Poor’s and Fitch." He wants to talk to the companies personally, the Democrat said. "Once we come up with various structures, they’re going to be very instrumental in determining whether or not they’ll give credit so we can have borrowing by both investor owned and municipal-owned utilities," said Hertzberg, who was Assembly Speaker during the state’s energy crisis almost two decades ago.

  • PG&E Stock Up 9% after Citi Upgrades to ‘Buy’ Rating
    Market Realist2 hours ago

    PG&E Stock Up 9% after Citi Upgrades to ‘Buy’ Rating

    PG&E Stock Up 9% after Citi Upgrades to 'Buy' RatingA pure risk or a clear reward?The wildfire-plagued PG&E Corporation (PCG) stock rose more than 9% today after Citi upgraded the stock to a “buy.” It raised PCG’s target price from

  • David Tepper Buys 3, Boosts 3 in 4th Quarter
    GuruFocus.com21 hours ago

    David Tepper Buys 3, Boosts 3 in 4th Quarter

    Guru’s new positions include Buffett holding Wells Fargo

  • Moody's4 days ago

    Crockett Cogeneration, LP -- Moody's announces completion of a periodic review of ratings of Crockett Cogeneration, LP

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Crockett Cogeneration, LP and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Moody's4 days ago

    Pacific Gas & Electric Company (DIP) -- Moody's assigns Baa2 rating to Pacific Gas and Electric Company's $1.5 billion DIP facility

    Moody's Investors Service, (Moody's) assigned a Baa2 rating to Pacific Gas and Electric Company (DIP)'s (PG&E) $1.5 billion debtor-in-possession (DIP) Senior Secured Revolving Credit facility, which is currently authorized by the US Bankruptcy Court Northern District of California San Francisco's interim order on 31 January 2019. PG&E is requesting bankruptcy court authorization for a total of $5.5 billion of DIP facilities.

  • Hedge Funds Mostly Gambled on Beleaguered PG&E in Fourth Quarter
    Bloomberg4 days ago

    Hedge Funds Mostly Gambled on Beleaguered PG&E in Fourth Quarter

    In a quarter in which shares of PG&E fell 48 percent, hedge funds were net buyers of the stock, picking up 12.8 million shares, according to regulatory filings. Anchorage Capital Group and BlueMountain Capital Management led the way.

  • Business Wire4 days ago

    PG&E Corporation Recommends Shareholders Reject Mini-Tender Offer from Baker Mills LLC

    PG&E Corporation (PCG) today announced that it received notice of an unsolicited “mini-tender” offer from Baker Mills LLC (“Baker Mills”), dated February 4, 2019. Baker Mills has offered to purchase up to 200,000 shares of PG&E Corporation common stock, which represents approximately 0.04% of the outstanding shares of PG&E Corporation common stock, at a price of $4.00 per share. This price represents a 74.14% discount to the closing price of PG&E Corporation common stock on the New York Stock Exchange (“NYSE”) of $15.47 on February 14, 2019 and a 69.42% discount to the closing price of PG&E Corporation common stock on the NYSE of $13.08 on February 1, 2019, the last trading day prior to the date of the offer.

  • The Wall Street Journal5 days ago

    [$$] PG&E’s Bankruptcy Shows Blindspots in Green Investing

    The bankruptcy filing by PG&E Corp. is the latest stumble by a company rated highly by environmentally focused investors, further exposing a weakness in a scoring system meant to measure risk for shareholders. What the ratings couldn’t predict is that the stock would lose nearly 70% of its market value since early November, as investors worried about potential liabilities for the role PG&E’s equipment may have played in multiple wildfires. The Global Sustainable Investment Alliance, an industry group, estimated that between 2014 and 2016, assets invested with ESG and other sustainable-investing goals in mind rose 25% to $22.89 trillion.

  • Judge wants more answers about PG&E’s wildfire-prevention efforts
    MarketWatch5 days ago

    Judge wants more answers about PG&E’s wildfire-prevention efforts

    A U.S. judge who has berated Pacific Gas & Electric Co. for its role in California wildfires demanded Thursday that the utility answer more questions about its efforts to clear trees and branches that can fall on its power lines and start fires.

  • Judge critical of PG&E's wildfire role demands more answers
    Associated Press5 days ago

    Judge critical of PG&E's wildfire role demands more answers

    A U.S. judge who has berated Pacific Gas & Electric Co. for its role in California wildfires demanded Thursday that the utility answer more questions about its efforts to clear trees and branches that can fall on its power lines and start fires. Judge William Alsup asked the utility in a court filing if it was in compliance with a state law requiring it to clear vegetation within certain distances of electric lines. The judge also questioned a part of the utility's recently submitted wildfire mitigation plan.

  • Financial Times6 days ago

    [$$] California can show lead on climate with PG&E plan

    Gavin Newsom, California’s new governor, is making a name for himself as a state leader unafraid to take on deep-rooted powers to address inequality and support climate initiatives. PG&E has gone into default for the second time since 2001. Previous PG&E bailouts have passed the costs of the company’s negligent safety culture on to inculpable ratepayers.

  • PG&E (PCG) Stock Sinks As Market Gains: What You Should Know
    Zacks6 days ago

    PG&E (PCG) Stock Sinks As Market Gains: What You Should Know

    PG&E (PCG) closed the most recent trading day at $15.23, moving -1.3% from the previous trading session.

  • Barrons.com6 days ago

    PG&E’s Activist Shareholder Has Chosen Its Own Board Nominees

    The California utility and hedge fund BlueMountain Capital are gearing up to make competing board changes.

  • PR Newswire6 days ago

    BlueMountain Capital Management Provides Update On Process To Replace PG&E Board Of Directors

    NEW YORK, Feb. 13, 2019 /PRNewswire/ – BlueMountain Capital Management, LLC ("BlueMountain"), a private diversified alternative asset management firm, today provided an update on its progress to nominate a full slate of new directors to replace the current Board of Directors (the "Current Board") of PG&E Corporation ("PG&E" or the "Company") (PCG) in its entirety at PG&E's Annual Shareholder Meeting scheduled to be held on May 21, 2019. Nomination agreements have been executed by 13 highly-qualified candidates, who BlueMountain believes will enable PG&E to succeed in the long-term. To achieve this goal, BlueMountain conducted an exhaustive search process in close consultation with professional advisors, including reviewing more than 170 potential candidates, and conducting interviews with more than 60 of these individuals.

  • California Governor Forms ‘Strike Team’ to Advise on PG&E
    Bloomberg6 days ago

    California Governor Forms ‘Strike Team’ to Advise on PG&E

    The Golden State has hired bankruptcy attorneys and financial specialists to help strategize, Governor Gavin Newsom said during his state of the state address Tuesday in Sacramento. Meanwhile, in bankruptcy court, the U.S. Trustee appointed the official committee to act on behalf of all unsecured creditors, including labor representatives and power providers. “We are all frustrated and we’re angry that it’s come to this,” Newsom said.

  • Business Wire7 days ago

    Two Strong Storms Forecasted to Impact Northern and Central California

    Pacific Gas and Electric Company (PG&E) meteorologists are forecasting that the next wave of strong winter storms will impact Northern and Central California starting tonight and continuing through Thursday evening. Forecast models indicate that a pair of potent storms will impact PG&E’s territory beginning with an “atmospheric river” type system that will generate heavy rain and gusty south winds across much of Northern and Central California late tonight into Wednesday followed by another dynamic storm on Thursday morning. “As our customers prepare for this storm, we want to remind Californians that this wet and windy weather can cause power outages.

  • Reuters7 days ago

    California Governor Newsom swipes at Trump, cuts water, rail projects

    California Governor Gavin Newsom said on Tuesday he would scale back massive water and rail projects pushed by his predecessor and had assembled a team of lawyers to protect wildfire victims and ratepayers as utility PG&E enters bankruptcy proceedings. In his first State of the State address since taking office, Newsom also took several swipes at U.S. President Donald Trump, calling the Republican's immigration policies "political theater" based on misrepresentations.

  • BlueMountain Capital Management’s Returns, AUM and Holdings
    Insider Monkey7 days ago

    BlueMountain Capital Management’s Returns, AUM and Holdings

    BlueMountain Capital Management, LLC is a New York-headquartered privately- held diversified alternative asset management firm co-founded by Andrew Feldstein and Stephen Siderow, back in 2003. With specific expertise in credit markets, the fund deals with equity, credit, private investments and global markets while using an interdisciplinary approach. Besides providing its services to pooled investment vehicles […]

  • Why PG&E (PCG) Could Beat Earnings Estimates Again
    Zacks7 days ago

    Why PG&E (PCG) Could Beat Earnings Estimates Again

    PG&E (PCG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • PR Newswire8 days ago

    PG&E Corporation Schedules Fourth-Quarter 2018 Earnings Release

    SAN FRANCISCO , Feb. 11, 2019 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) will report fourth-quarter and full-year 2018 earnings on February 28, 2019 , before the market opens. PG&E Corporation will not ...

  • The Wall Street Journal8 days ago

    [$$] PG&E’s Board Says No More Than Five Current Directors Will Run for Re-Election

    Five of PG&E Corp.’s current board directors at the maximum will be up for re-election at the company’s annual shareholder meeting, the company’s board said Monday. PG&E’s “board intends that a majority of the directors of the company will be new independent directors” come the time of the meeting, the San Francisco company’s board said. State investigators determined that 18 wildfires started in October 2017 from PG&E’s power lines.