|Bid||55.02 x 100|
|Ask||59.30 x 200|
|Day's Range||56.41 - 57.89|
|52 Week Range||49.83 - 71.57|
|PE Ratio (TTM)||13.92|
|Earnings Date||Nov 2, 2017|
|Forward Dividend & Yield||2.12 (3.08%)|
|1y Target Est||67.77|
As its crews continued to respond to outages caused by the devastating wildfires in Northern California, Pacific Gas and Electric Company said Wednesday evening that it had safely restored 99 percent of electric service to customers who are able to receive power.
The death toll in the Northern California wildfires grew to 42 people as PG&E was hit with a lawsuit in the disaster.
PG&E Corporation (NYSE: PCG ) shares remain under selling pressure Wednesday as the public utility continues to face scrutiny for its alleged role in California wildfires that have claimed at least 41 ...
SAN FRANCISCO, Oct. 18, 2017 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP is investigating possible shareholder claims against Pacific Gas & Electric (PCG) officers and directors over alleged repeated and systemic failure to conduct oversight over fire risk caused by the company's power lines. PG&E stock has dropped as much as 23% since October 11th as news sources reported that PG&E power lines may have caused wildfires that are ravaging northern California, including those in Sonoma, Napa and Marin counties where over 40 people have died. Analysts have warned that it is possible that PG&E shareholders may bear responsibility for some of the damages such as they did with the San Bruno accident.
PG&E Corporation (PCG) was a big mover last session, as the company saw its shares rise more than 7% on the day amid huge volumes.
On October 16, 2017, among 15 analysts tracking PCG, two recommended the stock as a “strong buy,” while eight rated the stock as a “buy.”
PG&E Corp., Northern California’s largest public utility, should be broken up if it is found to be at fault for the devastating wildfires that swept across Wine Country, a state senator said Tuesday.
After more than a week of around-the-clock restoration work, Pacific Gas and Electric Company said today that it restored electric power to 97 percent of customers who can receive it.
Cal Fire said Tuesday afternoon it continues to investigate each of the deadly wildfires in Northern California despite an arson arrest.
California's largest electric utility company has seen its stock drop nearly 18 percent since Oct. 9.
The shares are down about 16 percent, or $6 billion in market value, since closing at $69.15 Wednesday, just ahead of reports that PG&E’s lines may have sparked the fatal fires . “Since October 8, 2017, several catastrophic wildfires have started and remain active in Northern California,” PG&E said in a filing with the Securities and Exchange Commission Friday. “The causes of these fires are being investigated by the California Department of Forestry and Fire Protection (CalFire), including the possible role of power lines and other facilities of Pacific Gas and Electric Company’s, a subsidiary of PG&E Corp.,” the company said in the SEC filing.
PG&E could potentially be on the hook for up to $6 billion in damages if found liable for the California wildfires, according to a fire attorney.
With PG&E’s (PCG) 17% fall in the last two trading sessions, the stock’s implied volatility reached a high of 39% on October 13, 2017.
PG&E stock is currently trading near its 52-week low at $57.72. From its 52-week high of $71.57 last month, PCG has corrected ~20%.
PG&E (PCG) stock lost 10.5% on October 13, 2017. The Northern California wildfires sent the stock tumbling after state fire investigators probed PG&E’s power lines as a possible cause of the fires.
Haeggquist & Eck, LLP a shareholder rights litigation firm, has launched an investigation of PG&E Corporation concerning possible violations of the federal securities laws or breach of fiduciary duty by the board of directors.
More than 4,300 Pacific Gas and Electric Company employees and mutual-aid partners continued restoring electric and gas service to customers impacted by the unprecedented wind-driven wildfires in Northern California.
Shares of PG&E (PCG) tumbled to the bottom of the S&P 500 Monday after an analyst at J.P. Morgan warned that the company could face dramatic losses if found responsible for the wildfires devastating northern California. On Friday, PG&E was the worst-performing stock in the S&P 500 mid concerns that its power lines may have caused the wildfires that recently ravaged California. Goldman Sachs analyst Michael Lapides called the Street’s reaction “overstated” and maintained a Buy rating, though the firm still removed the stock from its conviction list.
On another record day for major benchmarks, Exelixis soared on news about its cancer drug, and PG&E sank on concerns about a potential role in the California fires.
While broader markets maintained their cautious approach, US utility stocks continued to march higher last week. The Utilities Select Sector SPDR ETF (XLU) rose 1.4%.
Levi & Korsinsky announces it has commenced an investigation of PG&E Corporation concerning possible violations of federal securities laws.
The cause of the California wine country fires is still under investigation, but a California power utility is emerging as a possible culprit. On the same evening that reports of the wildfires began to crop up in Sonoma County, local fire crews were called to at least 10 different locations along Pacific Gas & Electric’s…
Investors dumped PG&E on worries the company could suffer steep losses if it's found liable for the northern California wildfires.