47.80 -0.04 (-0.08%)
After hours: 7:48PM EDT
|Bid||45.05 x 1400|
|Ask||48.44 x 2900|
|Day's Range||47.14 - 48.19|
|52 Week Range||37.30 - 59.50|
|Beta (3Y Monthly)||-0.14|
|PE Ratio (TTM)||204.44|
|Earnings Date||Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||52.57|
California's largest public utility cut off electric power to about 60,000 customers to prevent wildfires such as those that erupted in the state's wine country last fall, as high winds threatened to topple trees and power lines this week. With gusty winds and low humidity in the forecast this week, Pacific Gas & Electric warned customers on Sunday that their power would be cut. The company initially said the blackout would last until at least Monday evening, and some schools canceled classes in the six affected northern California counties.
Almost 60,000 customers in six counties across the Sierra Nevada foothills and Northern California wine country were blacked out Sunday during a windstorm, according to Melissa Subbotin, a company spokeswoman. About 70 percent of those customers will have electricity service restored by midnight, PG&E said in a statement late Monday.
SAN FRANCISCO (AP) — Concerned about downed power lines sparking wildfires, two major California utilities took the rare step of cutting power to customers amid high winds — and another power provider was considering similar action.
Pacific Gas and Electric Company (PG&E) announced this afternoon that it forecasts to restore power by midnight Monday, October 15, to approximately 70 percent of customers impacted in areas where it had proactively turned power off for safety on Sunday evening. Early Monday morning, weather conditions improved to allow PG&E crews to begin patrols of lines to identify damage that occurred overnight. As crews assess damage from the weather event, PG&E will continue to proactively communicate with customers, providing them more detailed information about expected time of restoration.
Pacific Gas and Electric Company announced today it will begin proactively turning off power for safety as part of a Public Safety Power Shutoff in portions of several Northern California communities as early as 5 p.m.
Pacific Gas and Electric Company late Saturday and early Sunday began notifying customers in portions of 12 counties that the company may proactively turn off power for safety as part of a Public Safety Power Shutoff event.
Due to expected extreme fire danger conditions including the Red Flag Warning from the National Weather Service and several other weather factors, Pacific Gas and Electric Company today announced it may be proactively turning power off for safety and conducting a Public Safety Power Shutoff in several northern California cities within the next 24 hours.
PG&E (PCG) stock has an upside potential of 8.3% for the next 12 months based on analysts’ median target price of $52.57 and its current market price of $48.55.
SAN FRANCISCO , Oct. 10, 2018 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) will hold a conference call for members of the financial community on November 5, 2018 , at 12:00 p.m. Eastern Time to discuss ...
An "exit fee" that would be allowed to charge customers opting for cleaner, cheaper city-owned electric utilities could effectively squash new competitors.
Recently, PG&E (PCG) witnessed one of the highest implied volatility levels among its peers. On October 9, PG&E’s implied volatility was 36%—higher than its 15-day average. In comparison, broader utilities’ (XLU) implied volatility was ~13%. The implied volatility represents investors’ anxiety. Higher volatility is usually related to a fall in the stock prices and vice versa.
PG&E (PCG) is trading at a forward PE ratio of 12x—based on the estimated EPS in 2019. PG&E’s ratio is lower than its peers’ average forward PE ratio of 14x. Also, PG&E’s five-year historical PE ratio is ~20x.
On October 9, fire investigator Cal Fire said that PG&E’s (PCG) sagging power lines and heavy winds started the Cascade fire in October 2017. However, Cal Fire mentioned that it didn’t find any violations of the Public Resources Code. The Cascade fire in Yuba County destroyed 264 structures and claimed four lives. Cal Fire already said that PG&E was responsible for 16 other fires in 2017. The cause of the Tubbs fire, the most devastating fire, is still under investigation.
The S&P 500 ended the day down 0.14%, resting right on a pivotal support line. Instead, stock charts of Kinder Morgan (NYSE:KMI), Fastenal Company (NASDAQ:FAST) and PG&E Corporation (NYSE:PCG) are your best bets. Kinder Morgan should ring a bell.
PG&E equipment has already been blamed as the ignition source of 16 other fires in 2017. The newest report came from the California Department of Forestry and Fire Protection in a statement on Tuesday. The Cascade fire destroyed 264 structures and killed four people.
SAN FRANCISCO (AP) — Two sagging Pacific Gas & Electric power lines made contact, sparked and ignited a Northern California wildfire last year that killed four people and injured a firefighter, officials said Tuesday.
Pacific Gas and Electric Company today issued the following statement in response to the release of information by the California Department of Forestry and Fire Protect
Pacific Gas and Electric Company (PG&E) has deployed a team of 95 employees from its Gas Operations organization as part of a mutual-aid effort to support the construction and gas restoration work to help support Columbia Gas and Massachusetts customers. “Our PG&E Gas Operations crews work hard every day to support the safe and reliable delivery of clean and affordable natural gas to millions of customers throughout Northern and Central California.
On September 20, AT&T (T) urged its shareholders to reject an unsolicited offer from Ponos Industries to buy their shares at $36 per share. Ponos Industries is a private investment firm that invests in securities when it expects the value appreciate within a year. On September 10, Ponos Industries made a mini-tender offer through which it seeks to purchase up to 14.0 million AT&T shares by its expiration date of October 12.
On October 5, the Utilities Select Sector SPDR ETF (XLU) witnessed an implied volatility of 22%—way higher than its 15-day average of 14%. Recently, the SPDR S&P 500’s implied volatility was beyond 11%. The implied volatility represents investors’ anxiety. An increase in the volatility is usually related to a fall in stock prices.
A report about the projected impact of the $1 billion project considers historic architecture and transit capacity in the area, noise levels and air quality.
Blazes have already ripped through enough acres to blacken the entire state of Delaware, and what’s typically California’s worst month for fires is just beginning. “We are going into a difficult period of the year,’’ said Scott McLean, a deputy chief at the California Department of Forestry & Fire Protection, or Cal Fire.
Pacific Gas and Electric Company is joining key organizations, utilities, and businesses across California in recognition of the third annual national Energy Efficiency Day tomorrow October 5, 2018.