64.77 +0.01 (0.02%)
After hours: 4:05PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||63.92 - 66.60|
|52 Week Range||57.63 - 83.38|
|PE Ratio (TTM)||37.66|
|Earnings Date||May 1, 2018|
|Forward Dividend & Yield||2.42 (3.85%)|
|1y Target Est||68.43|
California utility giants PG&E Corp. and Edison International gained on Tuesday as state policy makers advanced a bill that would address their future wildfire liabilities. An amended version of the legislation now being weighed by California’s Senate would shield utilities that comply with approved safety plans in state proceedings should one of their power lines spark a wildfire.
California utility giants PG&E Corp. and Edison International surged on Tuesday as California policy makers amended a bill to address future wildfire damages that the companies may be on the hook for. California senators were amending legislation on Tuesday to detail what utilities may be responsible for covering if their power lines were the cause of future wildfires, Paul Payne, a spokesman for state Senator Bill Dodd, a sponsor of the bill. PG&E surged as much as 7.3 percent on the news, and Edison jumped 4.1 percent.
Sempra Energy’s (SRE) payout ratio in 2017 was close to 73%, fairly high compared to its five-year average payout ratio of ~59%.
Sempra Energy (SRE) is expected to pay an annualized dividend of $3.58 per share in 2018. In comparison, Edison International (EIX) will likely pay an annualized dividend of $2.42 per share this year. Analysts expect Sempra Energy’s per-share dividend growth to remain at ~9% for the next few years.
Sempra Energy (SRE), one of the leading utilities in California, declared a dividend of $0.90 per share in 1Q18, which represented a 9% increase over the previous quarter. This was Sempra Energy’s eighth consecutive annual per-share dividend increase. Sempra Energy is currently trading at a dividend yield of 3.3%—well below the industry average.
PG&E (PCG) stock has an estimated upside of approximately 8% for the next one year. It has a mean price target of $48.4 against its current market price of $44.8. Of the total 15 analysts tracking PCG, four analysts recommend it as a “buy,” while ten recommend it as a “hold.” One analyst rates it as a “strong sell” as of April 12, 2018. J.P. Morgan raised PCG’s price target from $50.0 to $51.0 on April 10, 2018. The chart below shows how analysts’ views on PCG stock have changed in the last few months.
Investors pursuing a solid, dependable stock investment can often be led to Edison International (NYSE:EIX), a large-cap worth US$20.48B. Market participants who are conscious of risk tend to search forRead More...
On April 11, 2018, the implied volatility in PG&E (PCG) stock was 31%, close to its 15-day average. PG&E’s implied volatility in September 2017, before the California wildfires, was close to 15%, which was near broader utilities’ average. Higher implied volatility levels indicate investors’ increased nervousness. Higher implied volatility is often linked to a fall in stock prices and vice versa.
PG&E (PCG) stock appears to be trading at a substantial discount to peers as well as its historical average. It’s currently trading at a PE (price-to-earnings) valuation of 13x, while its five-year historical average valuation is about 21x. PCG’s discounted valuation seems apparent after its steep fall in the last six months.
PG&E (PCG) stock has risen more than 20% from its 52-week low in February 2018. The uncertainty arising due to the liability damages might continue to affect PCG stock in the short term. PG&E stock is currently trading 7% above its 50-day moving average and 19% lower than its 200-day moving average.
Moody's Investors Service, ("Moody's") today revised the rating outlook for Edison International (EIX) and its principal subsidiary, Southern California Edison Company's (SCE), to negative from ...
Pedro Pizarro, Edison International president and CEO, discusses the California wildfire and electric vehicles. He speaks with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas." (Source: ...
According to Wall Street analysts’ consensus, top utility NextEra Energy (NEE) has a mean target price of $168.5—compared to its current market price of $162.8, which indicates a potential upside of 3.5% in a year.
Stock Monitor: Spark Energy Post Earnings Reporting LONDON, UK / ACCESSWIRE / April 05, 2018 / Active-Investors.com has just released a free earnings report on Edison International (NYSE: EIX ). If you ...
Edison International, the parent company of Southern California Edison, has announced the names of 30 high school seniors awarded $1.2 million in scholarships to support their dreams to make a difference in the world through the study of science, technology, engineering or math — known as STEM.
An Edison International unit was sued over the death of a 73-year-old man swept out of his Pacific coast home by a rain-triggered mudslide in mountains scorched by the largest wildfire in modern California ...
Edison International (EIX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Moody's Investors Service, ("Moody's") today changed the rating outlook for The AES Corporation (AES) to positive from stable. At the same time, Moody's affirmed AES' Ba2 Corporate Family Rating ...
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%, ...
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.