PG&E (PCG) Given Daily News Sentiment Rating of 0.17
News coverage about PG&E (NYSE:PCG) has trended neutral recently, according to InfoTrie. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. PG&E earned a news impact score of 0.17 on their scale. InfoTrie also gave news headlines about the utilities provider an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the next several days.
Here are some of the media stories that may have impacted PG&E’s analysis:
- Deadly California Wildfires Torch PG&E, Edison International Shares (thestreet.com)
- Battery storage to replace three California gas plants for PG&E (seekingalpha.com)
- PG&E -9% amid surging northern California wildfires (seekingalpha.com)
- PG&E Corp. (PCG) Mobilizes Response to Camp Fire Impacts in Butte and Plumas Counties (streetinsider.com)
- PG&E Shares Enter Oversold Territory (nasdaq.com)
NYSE PCG traded down $7.88 during trading hours on Friday, reaching $39.92. The company’s stock had a trading volume of 23,574,811 shares, compared to its average volume of 4,400,811. The firm has a market cap of $25.31 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 3.66 and a beta of -0.09. PG&E has a 52 week low of $37.30 and a 52 week high of $57.11. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.67 and a quick ratio of 0.60.
PCG has been the topic of a number of research analyst reports. Wells Fargo & Co upgraded shares of PG&E from a “market perform” rating to an “outperform” rating in a research note on Monday, August 6th. Morgan Stanley raised their price target on shares of PG&E from $63.00 to $67.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. Evercore ISI upgraded shares of PG&E from an “in-line” rating to an “outperform” rating and raised their price target for the company from $50.00 to $52.00 in a research note on Tuesday, September 4th. Argus upgraded shares of PG&E from a “hold” rating to a “buy” rating in a research note on Thursday, September 6th. Finally, Bank of America restated a “hold” rating and issued a $48.00 price target on shares of PG&E in a research note on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.05.
In related news, COO Nickolas Stavropoulos sold 1,161 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $44.79, for a total value of $52,001.19. Following the completion of the transaction, the chief operating officer now owns 78,223 shares in the company, valued at approximately $3,503,608.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.15% of the stock is owned by company insiders.
TRADEMARK VIOLATION WARNING: “PG&E (PCG) Given Daily News Sentiment Rating of 0.17” was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://theolympiareport.com/2018/11/10/pge-pcg-given-daily-news-sentiment-rating-of-0-17.html.
PG&E Company Profile
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California, the United States. The company's electricity distribution network consists of approximately 107,200 circuit miles of distribution lines, 59 transmission switching substations, and 605 distribution substations; and electricity transmission network comprises approximately 19,200 circuit miles of interconnected transmission lines and 92 electric transmission substations.
Read More: What Factors Can Affect Return on Equity?
Receive News & Ratings for PG&E Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PG&E and related companies with MarketBeat.com's FREE daily email newsletter.