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Pacific Gas and Electric Co. (NYSE: PCG - Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 242,817 call options on the stock. This is an increase of approximately 199% compared to the typical daily volume of 81,290 call options. Institutional Inflows and Outflows A number of large investors
Ford Motor, Berkshire Hathaway, Nextracker, Eos Energy Enterprises, Quanta Services, AutoZone, and Pacific Gas and Electric are the seven Utility stocks to watch today, according to MarketBeat's stock screener tool. Utility stocks are shares of companies that provide essential public services-such as electricity, natural gas, water, and sometimes telecommunications-often operating in regulated markets. Investors favor
Sydney, March 20, 2025 (GLOBE NEWSWIRE) -- Pacific Green Technologies, Inc. ("Pacific Green", OTCQB: PGTK) announces that it has reached Financial Close and completed the sale of 100% of the shares in its Limestone Coast North Energy Park to Intera Renewables (Intera) in a deal representing an enterprise value of A$460 million (US$293 million) (the “Transaction”).
Sydney, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Pacific Green Technologies, Inc. ("Pacific Green", OTCQB: PGTK) announces that it has signed binding documentation for the sale of 100% of the shares in its Limestone Coast North Energy Park to Intera Renewables (Intera) in a deal representing an enterprise value of A$460 million (US$293 million) (the “Transaction”).
Sydney, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Pacific Green, a global battery energy storage company, has secured a parcel of land in Wagga Wagga, New South Wales, where it proposes to establish its next Australian energy park.
Dover, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Pacific Green Technologies, Inc. ("Pacific Green"), (OTCQB: PGTK) announces that Pacific Green Energy Parks Australia Pty Ltd., a wholly owned subsidiary of Pacific Green, has appointed Azure Capital to advise on the sale of the 250 MW / 500 MWh Limestone Coast Energy Park battery energy storage system (“Limestone Coast Battery Energy Park”) Pacific Green is developing near Mount Gambier, South Australia.
Melbourne, July 17, 2024 (GLOBE NEWSWIRE) -- Pacific Green, a global battery energy storage company, has achieved planning consent from the South Australian Government for its first two grid-scale battery energy parks in the Limestone Coast region of South Australia.
PG&E Co. (NYSE:PCG – Free Report) – Equities research analysts at Zacks Research lowered their Q2 2024 earnings estimates for shares of PG&E in a report issued on Thursday, May 16th. Zacks Research analyst A. Dutta now anticipates that the utilities provider will post earnings per share of $0.29 for the quarter, down from their prior estimate of $0.30. The consensus estimate for PG&E’s current full-year earnings is $1.35 per share. Zacks Research also issued estimates for PG&E’s Q3 2024 earnings at $0.28 EPS, Q1 2026 earnings at $0.49 EPS and FY2026 earnings at $1.62 EPS. PCG has been the subject of several other research reports. The Goldman Sachs Group started coverage on PG&E in a research note on Wednesday, April 10th. They issued a “buy” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of PG&E from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Barclays raised their price objective on shares of PG&E from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Mizuho raised their price objective on shares of PG&E from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday. Finally, StockNews.com upgraded shares of PG&E from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, PG&E presently has an average rating of “Moderate Buy” and an average price target of $19.44. Get Our Latest Research Report on PG&E PG&E Stock Performance Shares of PCG stock opened at $18.60 on Monday. PG&E has a 52 week low of $14.71 and a 52 week high of $18.62. The firm has a 50 day moving average of $16.94 and a two-hundred day moving average of $17.08. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $53.55 billion, a PE ratio of 16.61 and a beta of 1.26. PG&E (NYSE:PCG – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. The business had revenue of $5.86 billion during the quarter, compared to analyst estimates of $6.60 billion. PG&E had a return on equity of 11.32% and a net margin of 10.05%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the business posted $0.29 earnings per share. Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its stake in shares of PG&E by 3.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 35,804 shares of the utilities provider’s stock worth $578,000 after acquiring an additional 1,156 shares during the period. Fifth Third Bancorp lifted its stake in shares of PG&E by 41.8% in the 3rd quarter. Fifth Third Bancorp now owns 17,001 shares of the utilities provider’s stock worth $274,000 after acquiring an additional 5,008 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of PG&E by 4.4% in the third quarter. Teacher Retirement System of Texas now owns 261,475 shares of the utilities provider’s stock valued at $4,218,000 after purchasing an additional 11,098 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of PG&E by 9.8% in the third quarter. Daiwa Securities Group Inc. now owns 230,458 shares of the utilities provider’s stock valued at $3,718,000 after purchasing an additional 20,542 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of PG&E by 3.3% in the third quarter. M&T Bank Corp now owns 85,959 shares of the utilities provider’s stock valued at $1,386,000 after purchasing an additional 2,709 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors. Insiders Place Their Bets In other PG&E news, CEO Patricia K. Poppe sold 59,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $17.08, for a total transaction of $1,007,720.00. Following the transaction, the chief executive officer now directly owns 1,515,777 shares of the company’s stock, valued at approximately $25,889,471.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is currently owned by insiders. PG&E Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.22%. PG&E’s payout ratio is currently 3.57%. About PG&E (Get Free Report) PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.
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