Somewhat Favorable Media Coverage Somewhat Unlikely to Impact PG&E (PCG) Stock Price

Media coverage about PG&E (NYSE:PCG) has been trending somewhat positive on Saturday, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PG&E earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 46.1218598724786 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s rankings:

Get PG&E alerts: PG&E Relocating Natural Gas Pipeline In San Mateo (patch.com) Ask Finney: PG&E credits, engagement rings, auto repair shops (abc7news.com) PG&E helps rescue cat from power pole in Tarpey Village (yourcentralvalley.com) PG&E offering higher energy efficiency incentives to wildfire victims (elp.com) Key hearing held on PG&E’s North Bay wildfire liability, rate hikes (abc7news.com)

PCG has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of PG&E from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Citigroup reiterated a “hold” rating and issued a $45.00 target price on shares of PG&E in a research report on Monday, January 22nd. ValuEngine downgraded shares of PG&E from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. UBS initiated coverage on shares of PG&E in a research report on Friday, February 2nd. They issued a “neutral” rating and a $48.00 target price for the company. Finally, Wells Fargo reiterated a “market perform” rating and issued a $45.00 target price (down previously from $60.00) on shares of PG&E in a research report on Monday, February 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.79.

Shares of PG&E traded up $0.56, hitting $42.78, during mid-day trading on Friday, according to MarketBeat.com. 4,759,020 shares of the company’s stock were exchanged, compared to its average volume of 3,963,448. PG&E has a twelve month low of $37.30 and a twelve month high of $71.57. The firm has a market cap of $21.80 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 2.69 and a beta of -0.03. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 0.87.

PG&E (NYSE:PCG) last announced its quarterly earnings results on Thursday, May 3rd. The utilities provider reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.13). PG&E had a return on equity of 9.38% and a net margin of 9.02%. The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same quarter last year, the company earned $1.06 EPS. research analysts predict that PG&E will post 3.81 earnings per share for the current fiscal year.

In related news, COO Nickolas Stavropoulos sold 4,728 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $41.93, for a total value of $198,245.04. Following the transaction, the chief operating officer now directly owns 82,830 shares in the company, valued at approximately $3,473,061.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Simon sold 3,211 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $41.93, for a total transaction of $134,637.23. The disclosure for this sale can be found here. Insiders sold a total of 8,875 shares of company stock worth $372,129 over the last quarter. 0.15% of the stock is currently owned by company insiders.

About PG&E

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.