Somewhat Negative Media Coverage Extremely Likely to Affect PG&E (PCG) Stock Price

Press coverage about PG&E (NYSE:PCG) has trended somewhat negative on Wednesday, InfoTrie reports. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. PG&E earned a daily sentiment score of -1.31 on their scale. InfoTrie also gave media headlines about the utilities provider an news buzz score of 9 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted PG&E’s analysis:

Several brokerages have recently issued reports on PCG. ValuEngine cut PG&E from a “sell” rating to a “strong sell” rating in a report on Saturday. Edward Jones cut PG&E from a “hold” rating to a “sell” rating in a report on Tuesday. Wolfe Research decreased their price objective on PG&E from $50.00 to $40.00 in a report on Wednesday. Citigroup set a $48.00 price objective on PG&E and gave the stock a “hold” rating in a report on Monday, October 8th. Finally, Goldman Sachs Group set a $49.00 price objective on PG&E and gave the stock a “hold” rating in a report on Friday, September 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.19.

Shares of NYSE PCG traded down $7.13 during trading hours on Wednesday, hitting $25.59. 52,729,043 shares of the company traded hands, compared to its average volume of 6,027,958. The company has a market cap of $17.11 billion, a P/E ratio of 6.95, a P/E/G ratio of 2.46 and a beta of -0.09. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.62 and a current ratio of 0.67. PG&E has a 12 month low of $22.35 and a 12 month high of $56.90.

PG&E (NYSE:PCG) last released its earnings results on Monday, November 5th. The utilities provider reported $1.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.01). The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.77 billion. PG&E had a net margin of 0.89% and a return on equity of 10.17%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. As a group, equities analysts predict that PG&E will post 3.82 EPS for the current year.

In other news, COO Nickolas Stavropoulos sold 1,161 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $44.79, for a total transaction of $52,001.19. Following the transaction, the chief operating officer now owns 78,223 shares of the company’s stock, valued at approximately $3,503,608.17. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

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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.

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