|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||42.94 - 44.18|
|52 Week Range||37.30 - 71.57|
|PE Ratio (TTM)||13.42|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
PG&E (PCG) jumped to the top of the S&P 500 on Thursday, as utilities were basically the only sector up amid the bloodbath. PG&E gained $1.49, or 3.5%, to $44.45. The S&P 500 lost 68.24 points, or 2.52%, ...
Five months after wildfires ripped through Northern California’s wine country, PG&E Corp. has developed a plan to lower the risk of another outbreak.
According to the Wall Street analyst consensus, Sempra Energy (SRE) stock has a mean price target of $119.3 against its current market price of $112.9, which suggests an estimated upside of nearly 6% for the next 12 months. Among the total nine analysts covering Sempra, three analysts rate the stock as a “strong buy,” and three rate it as a “buy.” Three analysts recommend it as a “hold,” while none of them recommend it as a “sell” as of March 15, 2018. It has a mean price target of $48.9 against its current market price of $44.2.
There was some weakness in broader markets throughout last week due to fears of a trade war. At the same time, the defensives (utilities) steadily rose and gained approximately 2% last week (the week ended on March 16, 2018). The Fed’s aggressive stance about interest rate hikes has strongly weighed on them recently.
Moody's Investors Service (Moody's) downgraded the ratings of Pacific Gas & Electric Company (PG&E), and its parent company, PG&E Corporation (PCG or Corp). PG&E's issuer and senior unsecured ratings were ...
State mandates and renewable advocates argue new gas plants aren’t needed or should be replaced by renewable-energy plants.
US utilities have witnessed severe headwinds in revenue growth due to increasing energy efficiency programs. California is the front-runner in the country in energy efficiency initiatives. The state aims to double its energy efficiency programs by 2030, which will likely dent utilities’ traditional electric operations.
California wildfires in 4Q17 changed the landscape for utilities in the state. The rage burned Edison International (EIX), the smallest of the three main utilities in California, as well. California’s current law considers a utility at fault even if it complies with all the safety norms, and the utility is liable to pay for damages. According to industry experts, the liability damages might be large enough to end up bankrupting these utilities.
PG&E rose $2.68, or 6.3%, to $45.10. PG&E was helped by news that California may update its liability rules and regulations for utility services, citing changing climate and the increased frequency of severe weather. PG&E is up 0.6% year to date, although it's fallen 31.3% in the past year.
Pacific Gas & Electric (PCG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Easy Bay town of Hayward has voted to require all properties in the city to switch from receiving energy from Pacific Gas and Electric Co. to an all renewable source, making its grid 100 percent carbon-free in 2019, unless they choose to opt out ahead of time. Commercial property owners in the town will be switched to buying energy from East Bay Community Energy, a nonprofit that distributes carbon-free energy, in June, while other residents and residential owners will switch in January 2019 for at least a portion of the upcoming year.