PG&E (PCG) Earns News Sentiment Rating of 0.12
News headlines about PG&E (NYSE:PCG) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PG&E earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 46.2231751911843 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- PG&E’s Short Interest after Its 4Q17 Results (finance.yahoo.com)
- PG&E’s Recent Implied Volatility Trends (finance.yahoo.com)
- PG&E’s (PCG) “Market Perform” Rating Reiterated at Wells Fargo & Co (americanbankingnews.com)
- Exclusive: PG&E studies changes at 1.7 million-square-foot San Francisco corporate headquarters (feeds.bizjournals.com)
- PG&E Corp. (PCG) Won’t Seek CPUC Rehearing on DCPP Joint Proposal Decision, to Withdraw Federal License Renewal Application (streetinsider.com)
Several analysts have recently commented on PCG shares. Wells Fargo & Co downgraded PG&E from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Goldman Sachs Group downgraded PG&E from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research note on Tuesday, January 2nd. Guggenheim downgraded PG&E from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 2nd. Deutsche Bank restated a “buy” rating and issued a $61.00 target price on shares of PG&E in a research note on Thursday, December 21st. Finally, Mizuho downgraded PG&E from a “buy” rating to a “neutral” rating and raised their target price for the company from $54.24 to $55.00 in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. PG&E has an average rating of “Hold” and an average price target of $58.77.
PG&E (NYSE:PCG) last released its quarterly earnings results on Friday, February 9th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.83 billion. PG&E had a net margin of 9.69% and a return on equity of 10.00%. During the same quarter last year, the firm posted $1.33 EPS. equities research analysts expect that PG&E will post 3.8 earnings per share for the current year.
In other PG&E news, VP David S. Thomason sold 700 shares of PG&E stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $56.82, for a total transaction of $39,774.00. Following the completion of the transaction, the vice president now owns 6,657 shares in the company, valued at approximately $378,250.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by insiders.
PG&E Company Profile
PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial, and agricultural customers.
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