Seeking Alpha

Seeking Alpha Portfolio App for iPad

715 people get PCG articles and Market Currents by email alert.

Get email alerts on PCG »

PCG

PG &E Corporation

5/25/2013, 6:20 PM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Monday, May 6, 9:50 AM San Bruno, Calif., city leaders and a consumer group are pressing state regulators to impose fines of ~$1.25B on PG&E (PCG -0.7%) over missteps leading up to a fatal 2010 pipeline explosion. It's a large number, "but it needs to take into account the large number of serious violations that have been documented," the San Bruno city manager says. 1 Comment [Energy]
Thursday, May 2, 9:18 AM PG&E (PCG): Q1 EPS of $0.63 misses by $0.06. Revenue of $3.67B misses by $0.09B. (PR) Comment! [Earnings, Breaking News]
Tuesday, April 16, 3:29 PM PG&E (PCG +0.5%) gains today after Jefferies ups its price target from $46 to $52 and raises its Q1 EPS estimate by $0.05 to $0.65. The improvement reflects the impact of higher rate base earnings partly offset by the impact of a nuclear refueling outage and a reduction in it's CPUC and FERC ROE. Comment! [Energy]
Thursday, April 4, 5:01 PM California regulators sign off on a deal in which PG&E (PCG) will purchase electricity generated from a 100MW solar plant SunPower (SPWR) plans to build. The plant is expected to begin producing electricity in Oct. '16. The news comes a day after SunPower announced its X-Series panels, which offer an unmatched (according to SunPower, at least) conversion efficiency of 21.5%, and are said to be "virtually impervious to the corrosion and cracking that typically degrade conventional panels." Comment! [Tech, Energy]
Wednesday, February 27, 9:44 AM PG&E (PCG) prices an offering of 7.2M shares at $41.71, which will provide it with proceeds of just over $300M. PG&E will give the cash to its regulated subsidiary, Pacific Gas & Electric Company, for general corporate purposes. Shares -0.2% at $41.81. (PR) Comment! [Energy]
Thursday, February 21, 10:14 AM PG&E Corporation (PCG) declares $0.455/share quarterly dividend, in line with previous. Forward yield 4.22%. For shareholders of record Mar. 28. Payable Apr. 15. Ex-div date Mar. 26. (PR) Comment! [Dividends]
Thursday, February 21, 8:37 AM PG&E (PCG): Q4 EPS of $0.59 misses by $0.01. (PR) Comment! [Earnings, Breaking News]
Thursday, February 21, 12:05 AM Notable earnings before Thursday’s open: AYR, CHK, CMS, DAN, DDS, DNR, ESV, FAF, FNP, GTXI, HEP, HNZ, HRL, HST, IMAX, IRC, LINE, LXP, PCG, PEG, PKD, PWR, PXP, SCG, SFL, SFY, SUI, SWY, TASR, THI, TK, TNK, WMT, WPRT, ZLC Comment! [Earnings]
Wednesday, February 20, 5:30 PM Notable earnings before Thursday’s open: AYR, CHK, CMS, DAN, DDS, DNR, ESV, FAF, FNP, GTXI, HEP, HNZ, HRL, HST, IMAX, IRC, LINE, LXP, PCG, PEG, PKD, PWR, PXP, SCG, SFL, SFY, SUI, SWY, TASR, THI, TK, TNK, WMT, WPRT, ZLC Comment! [Earnings]
Wednesday, January 9, 9:54 AM PG&E (PCG) is upgraded to Buy from Hold at Jefferies, which says the stock will trade at an earnings multiple equal to the average of its peers once the San Bruno proceedings are resolved in mid-2013. PCG has underperformed due to this regulatory uncertainty, but shares could be penalized by less than expected, which would mean upside to current estimates. Comment! [Energy, Quick Ideas]
Thursday, December 20, 2012, 4:34 PM California regulators order PG&E (PCG) to share with customers ~$2.2B in estimated costs to improve the safety of the company's natural gas pipeline system, following a fatal 2010 pipeline explosion. PG&E can collect from customers nearly $300M over the next two years, then collect nearly $1B more over several decades, to pay for mandated pipeline improvements. Comment! [Energy]
Thursday, December 20, 2012, 6:22 AM PG&E Corporation (PCG) declares $0.455/share quarterly dividend, in line with previous. Forward yield 4.38%. For shareholders of record Dec. 31. Payable Jan. 15. Ex-div date Dec. 27. (PR) Comment! [Dividends]
Monday, October 29, 2012, 8:56 AM More on Pacific Gas & Electric (PCG) Q3: net profit +79% to $364M, with last year's numbers dragged down by charges related to a natural-gas-pipeline explosion in 2010. Operating margin jumps to 15.4% from 10.6%. Affirms FY non-GAAP EPS guidance at $3.10-$3.30 but modifies GAAP outlook to $1.97-$2.52 vs $1.83-$2.41 prior, due to insurance recoveries and the accrual for environmental costs. Comment! [Earnings, Energy]
Monday, October 29, 2012, 8:25 AM Pacific Gas & Electric (PCG): Q3 EPS of $0.93 may not be comparable to consensus of $0.88. Revenue of $3.97B (+3% Y/Y) misses by $80M. (PR) Comment! [Earnings]
Monday, October 29, 2012, 12:05 AM Notable earnings before Monday’s open: BWP, EDU, HRS, L, PCG, SNH, UDR Comment! [Earnings]
Sunday, October 28, 2012, 5:30 PM Notable earnings before Monday’s open: BWP, EDU, HRS, L, PCG, SNH, UDR Comment! [Earnings]