Press coverage about Pacific Gas and Electric (NYSE:PCG) has trended somewhat positive on Sunday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pacific Gas and Electric earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 45.8179736418657 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
Several research analysts have recently weighed in on the company. Mizuho reissued a “hold” rating and issued a $46.00 price objective on shares of Pacific Gas and Electric in a research report on Thursday. Zacks Investment Research lowered Pacific Gas and Electric from a “buy” rating to a “hold” rating in a research report on Friday. Edward Jones raised Pacific Gas and Electric from a “sell” rating to a “hold” rating in a research report on Thursday. Citigroup reaffirmed a “neutral” rating on shares of Pacific Gas and Electric in a research report on Monday, December 18th. Finally, ValuEngine lowered Pacific Gas and Electric from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $56.17.
PCG stock opened at $43.97 on Friday. The stock has a market cap of $22,643.19, a price-to-earnings ratio of 11.95, a P/E/G ratio of 2.80 and a beta of -0.01. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.88 and a quick ratio of 0.81. Pacific Gas and Electric has a 52-week low of $37.30 and a 52-week high of $71.57.
Pacific Gas and Electric (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. Pacific Gas and Electric had a net margin of 9.69% and a return on equity of 9.93%. During the same quarter last year, the firm posted $1.33 EPS. analysts forecast that Pacific Gas and Electric will post 3.81 EPS for the current year.
In other news, EVP John R. Simon sold 3,211 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $41.93, for a total value of $134,637.23. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Nickolas Stavropoulos sold 4,728 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $41.93, for a total value of $198,245.04. Following the completion of the transaction, the chief operating officer now owns 82,830 shares in the company, valued at approximately $3,473,061.90. The disclosure for this sale can be found here. Insiders have sold a total of 8,875 shares of company stock valued at $372,129 in the last quarter. Company insiders own 0.15% of the company’s stock.
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Pacific Gas and Electric 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.
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