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PG&E Wins $23B Approval For Turnaround Bid After California Governor Drops Opposition
Tuesday, March 17, 2020 - 9:25am | 371Read More...PG&E Corporation (NYSE: PCG) announced Monday it had been allowed to use $23 billion in financing by a bankruptcy court to support its turnaround plans. What Happened The company filed for Chapter 11 bankruptcy in January 2019 and was facing opposition to its restructuring plan by...
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Jefferies Downgrades PG&E To Hold, Lowers PT To $48.50
Monday, May 23, 2011 - 6:09am | 29Read More...Jefferies & Company has downgraded PG&E Corporation (NYSE: PCG) from Buy to Hold and has lowered the price target from $51 to $48.50.
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Jefferies Changes PT on PCG, RWT, TSL
Wednesday, May 18, 2011 - 6:02am | 57Read More...Jefferies & Company has changed the price targets on the following companies: PG&E Corporation (NYSE: PCG) from $50.50 to $51, Buy Redwood Trust (NYSE: RWT) from $18 to $16.50, Buy Trina Solar (NYSE: TSL) from $38 to $30, Buy
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Goldman Sachs Reports Disappointing 1Q11 For PG&E
Thursday, May 5, 2011 - 9:22am | 109Read More...According to Goldman Sachs, PG&E (NYSE: PCG) reported a disappointing 1Q2011, with operating EPS of $0.58, well below GS/consensus of $0.89/$0.81 and 1Q2010 of $0.79. Goldman Sachs said that PCG left multiple non-recurring items – including $0.05 of storm costs, $0.07 due to the timing of rate...
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Jefferies Lowers EPS Estimate From $3.70 to $3.50 and PT From $51.00 To $50.50 On PG&E (PCG)
Thursday, May 5, 2011 - 9:04am | 92Read More...In a recent report, Jefferies has lowered EPS estimates on PG&E (NYSE: PCG) from $3.70 to $3.50 and has also lowered the price target on the company from $51.00 to $50.50 after 1Q EPS estimates were disappointing. In the report, Jefferies said, "PG&E lowered its 2011 EPS guidance range to...
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Deutsche Bank Lowers PT On PG&E Corporation To $45
Thursday, May 5, 2011 - 6:08am | 28Read More...Deutsche Bank has lowered the price target on PG&E Corporation (NYSE: PCG) from $49 to $45 and maintains its Hold rating.
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Morgan Stanley Discontinues Coverage On FirstEnergy, NextEra Energy, NSTAR, Northeast Utilities, NV Energy and PG&E
Friday, March 18, 2011 - 8:37am | 90Read More...Morgan Stanley has discontinued coverage on the following companies: FirstEnergy Corp. (NYSE: FE), NextEra Energy (NYSE: NEE), NSTAR (NYSE: NST), Northeast Utilities (NYSE: NU),NV Energy (NYSE: NVE),PG&E Corporation (NYSE: PCG).
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Deutsche Bank Lowers PT On PG&E Corporation To $49
Friday, February 18, 2011 - 8:03am | 28Read More...Deutsche Bank has lowered the price target on PG&E Corporation (NYSE: PCG) from $50 to $49 and maintains its Hold rating.
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Citigroup Downgrades PG&E Corporation To Hold
Monday, January 10, 2011 - 7:53am | 28Read More...Citigroup has downgraded PG&E Corporation (NYSE: PCG) from Buy to Hold and has lowered the price target from $50 To $48.
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Upon PG&E Settlement Agreement, Deutsche Bank Increases Estimates
Monday, October 18, 2010 - 8:35am | 157Read More...The settlement reached in Pacific Gas & Electric Co.'s (NYSE: PCG) 2011 General Rate Case (GRC) was more favorable than expectations, Deutsche Bank reports. “We reiterate our Buy on PCG based on a favorable risk/reward outlook on this GRC settlement, the November election outcome (California...
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PG&E Reports Strong 2Q, Deutsche Raises Price Target
Thursday, August 5, 2010 - 10:49am | 81Read More...PG&E Corporation (NYSE: PCG) reported 2Q EPS of $0.91 vs $0.83 2Q09 (+10%), beating Deutsche Bank's estimate by $0.03. PCG may pre-fund some planned 2011 equity issuance by year end, but is dependent on regulatory outcomes following the recent strong stock performance. Deutsche Bank is...
