Dominion Resources’ Higher Debt Confirms Its Stretched Financials
Dominion Resources (D) depends upon both internal and external sources of financing for its capital expenses and dividend payments.
A Look at American Electric Power’s Healthy Credit Profile
American Electric Power (AEP) has an attractive debt profile, with the company’s debt making up just 7% of its consolidated debt.
These Big Utilities Are Paying Higher Dividends Now
Sempra Energy paid annual dividends totaling $3.02 per share in 2016, while EIX and PCG paid per-share dividends of $1.98 and $1.93, respectively, in 2016.
Utilities Debt: A Growth Driver or a Risk Alert?
Utilities borrowed heavily in the post-financial crisis in order to take advantage of the near-zero interest rates. As a result, the leverage of utilities increased significantly
PG&E Stock Continued to Slide on July 15
The large swings for PG&E (PCG) stock may not end anytime soon.
Tracking Institutional Investment in Sempra Energy in 4Q17
Sempra Energy (SRE) became the largest utility by market capitalization in California after PG&E’s (PCG) steep fall in 4Q17.
Cal Fire Blames PG&E for Deadly Camp Fire Last Year
The California Department of Forestry and Fire Protection (or Cal Fire) has blamed PG&E (PCG) for causing the most devastating wildfire in state history last year.
What Moved Utilities Last Week?
Rate cut expectations continued to drive broader markets last week. The utilities sector fell 0.4%, while SPY fell 1.2% for the week ending July 19.
PG&E: Recent Developments and Chart Indicators
On December 13, PG&E (PCG) filed its 2020 general rate case with the California Public Utilities Commission.
Where Sempra Energy Stock Might Go from Here
Currently, Sempra Energy (SRE) stock is trading at $114.3, nearly 1% below its 50-day moving average and 3% above its 200-day moving average levels.
BlueMountain Capital Attacked PG&E Again, PG&E Fell 4%
In a letter to shareholders, BlueMountain said that it plans to launch a “slate board” by February 21 to replace PG&E’s existing board.
Analyzing the Top 5 Most Volatile S&P 500 Utilities
On December 20, 2017, the implied volatility of the Utilities Select Sector SPDR ETF (XLU), which tracks the S&P 500 Utilities Index, was ~12%.
Implied Volatility: Utilities versus Broader Markets
On August 24, the Utilities Select Sector SPDR ETF (XLU) had an implied volatility of 11%—marginally lower than its 15-day average.
Looking at NRG Energy’s Implied Volatility Trends
On January 8, the implied volatility in NRG Energy (NRG) stock was close to 30%—lower than its 15-day average volatility.
Tubbs Fire Clearance Fails to Break PG&E’s Fall, Stock Down 12%
PG&E (PCG) stock has fallen more than 12% today, after rallying 75% yesterday following Cal Fire’s clearance of PG&E in relation to last year’s Tubbs Fire.
PG&E Stock: Are Analysts Cautious?
Among the 16 analysts covering PG&E, eight recommended a “hold,” four recommended a “buy,” and four recommended a “strong buy.”
Analysts Expect a Handsome Upside for Sempra Energy in 2017
According to analysts’ estimates, Sempra Energy has a median price target of $114.57 compared with its current market price of $101.67.
Utilities: Movers and Shakers Last Week
The Utilities Select Sector SPDR ETF (XLU) rose marginally, while broader markets fell 1.5% for the week ending November 16.
PG&E Stock Rose ~20% Last Week
PG&E stock rose almost 20% last week after Governor Newsom suggested having a wildfire fund in order to finance wildfire-related liabilities.
The Top Ten S&P 500 Utility Stocks by Market Capitalization
The Utilities Select Sector SPDR ETF (XLU), which represents S&P 500 utilities, hit a 52-week high of $56.80 on December 4.
What Drove PG&E’s Third-Quarter Earnings?
PG&E reported its third-quarter results on November 5. The company reported an adjusted EPS of $1.13 for the quarter ending on September 30.
Battered Utilities Will Tackle the Fed’s Liftoff in 2016
Utilities underperformed in 2015 mainly due to the expected interest rate hike environment. So, how will utilities react in 2016?
Would Warren Buffett Consider an Ailing Elephant?
Rumors of Warren Buffett buying into Boeing (NYSE:BA) have filled the air this week. The legendary investor’s interest in airline stocks is well known.
More Volatility Ahead for PG&E Stock?
PG&E will exit Chapter 11 bankruptcy by the end of June. The stock might continue to be volatile in trading as this deadline nears amid uncertainties.
What’s in Store for PG&E and Its Investors in 2020?
This year is going to be crucial for PG&E (PCG) and its investors. The utility has a deadline of June 30, 2020, to exit Chapter 11 bankruptcy.
Mounting Uncertainties Could Impact PG&E Stock
After being in bankruptcy for almost a year, PG&E stock is trading comfortably close to $11 levels. So far, PG&E stock has fallen more than 50% in 2019.
PG&E Endures Blackouts, Bankruptcy, and Volatile Stock
On Thursday, PG&E’s chairman, Bill Johnson, said that preventive power shutoffs could continue for at least five more years.
PG&E Troubles Keep Mounting after Key Settlement
Recently, uncertainty continued to pour in for PG&E (PCG). The bankruptcy court judge approved the company’s $13.5 billion settlement with wildfire victims.
PG&E Faces Moment of Truth, Newsom Rejects Plan
California Governor Gavin Newsom rejected PG&E’s (PCG) reorganization plan on December 13. The rejection is a huge setback for the company.
PG&E Filed Amended Restructuring Plan, Stock Falls 8%
Embattled utility PG&E (PCG) stock is trading weakly today. It was down more than 8% at 12:00 PM ET today, sliding for the third straight day.
What’s Next for PG&E as Creditors Play the Newsom Card
Creditors have lobbied California governor Gavin Newson to reject PG&E’s recent $13.5 billion settlement with wildfire victims.
PG&E Stock: How Far Will the Bankrupt Utility Go?
PG&E (PCG) stock continued to increase and rose another 10% on Tuesday. The stock has risen in ten of the last 12 trading sessions.
PG&E Stock: Will This Christmas Be Merrier for Investors?
PG&E (PCG) stock rose as much as 20% on Monday due to the announcement of the company’s settlement with wildfire victims on December 6.
PG&E’s Settlement with Wildfire Victims Is a Big Win
Last week, PG&E reached a settlement to resolve individual claims associated with wildfires in the last few years. The agreement is valued at $13.5 billion.
PG&E: Uncertainty Grows amid Interest from Mayors
The prospect of making bankrupt utility PG&E a customer-owned company, floated earlier this month by San Jose’s mayor, is quickly gaining ground.
Warren Buffett Has Loads of Cash and No Takers
Berkshire Hathaway’s huge cash pile might stay in place for a while. Warren Buffett was outbid by Apollo Global Management in his efforts to buy Tech Data.
PG&E Stock: Has Santa Claus Come Early This Year?
Recently, PG&E stock continued to rise. The stock has gained in seven of the last eight trading sessions. Collectively, the stock has risen more than 30%.
PG&E: Short Interest, Volatility, and Chart Indicators
Bankrupt utility PG&E Corporation (PCG) stock started December off on a positive note, gaining more than 5% on December 2.
Get Real: Trump, Takeovers, and Top Stocks
In today’s Get Real market newsletter, we took a closer look at a potential Tesla takeover and at Trump’s part in US steel. Plus, a rebound for Boeing.
PG&E Gets Hate, but California Blackouts Did Their Job
PG&E was strongly criticized for its preemptive blackouts this season, but according to the company, the blackouts prevented significant damage.
PG&E Gets No Respite from Inverse Condemnation
Yesterday, a judge denied PG&E’s plea to reduce its current wildfire liability by dodging inverse condemnation, according to the San Francisco Chronicle.
New England and the Pacific are great regions to produce power
The US is divided into nine divisions. The Pacific and New England divisions had the highest year-over-year, or YoY, growth in electricity prices in September 2014.
First Energy: An overview of a power utility
First Energy’s operations include electricity generation, electricity sales, and transmission and delivery of electricity to six million customers in six U.S. states.
Utility Stocks: Analyzing the Top Gainers in 2019
Investors keep turning to defensives this year amid uncertainties in the broader markets. Some of the top utility stocks have outperformed their peers at large.
Why electricity prices vary across different regions in the US
Electricity prices also vary across regions and states. Changes in regional electricity prices are also an important factor for the power utilities industry.
PG&E Continues to Burn amid Wildfires and Blackouts
While PG&E Corporation (PCG) continues to tackle deadly wildfires and preemptive blackouts, it’s also readying for a major winter storm this week.
Is Enphase Energy Stock Readying for Another Big Move?
Solar microinverter maker Enphase Energy (ENPH) stock marginally increased last week. Here’s what could get its stock rising faster again.
A brief overview of Exelon’s power operations
Power generation is a significant segment for Exelon, generating more than 60% of its total revenue. The energy delivery business provides the other 40% of the company’s revenues.
Where PG&E Stock Might Go amid Mounting Woes
PG&E’s (PGE) troubles continue to mount every day. The bankrupt utility needs to raise a total of $12 billion by December 6 to fund its restructuring plan.
PG&E: Institutional Buying, Volatile Stock, and Blackouts
PG&E (PCG) shares rose 15% last week. While the utility’s troubles continue to mount, the stock’s large swings haven’t stopped.
PG&E Stock Continues to Soar, Bears Run for Cover
The wild swings continued in PG&E stock yesterday. The stock gained another 13%. The company has come up with a compensation plan for wildfire victims.
How PG&E Stock Could Trade as Troubles Multiply
PG&E reported a net loss of $1.6 billion during Q3, mainly driven by $2.5 billion pretax charges for claims related to the 2017 and 2018 wildfires.
Where PG&E Stock Might Go amid Interest from Mayors
PG&E gained for the sixth straight day amid increased uncertainty. The stock has gained more than 80% during this period and closed at $8 on Tuesday.
PG&E Stock Marches Higher amid Uncertainty
PG&E stock rose about 9% today at 10:00 AM ET. Shares of the bankrupt utility fell more than 65% following California’s recent wildfires and power shutoffs.
Can California’s Blackouts Boost Tesla’s V3 Solar Roof?
Tesla (TSLA) CEO Elon Musk launched the company’s V3 Solar Roof last week. Musk expects its market size to be around 100 million homes worldwide.
Get Real: Warren Buffett’s Next Elephant
In today’s Get Real, we saw that California Governor Gavin Newsom has ideas about Warren Buffett’s next elephant. Plus, earnings takeaways, the Fed, oil risk, and more.
Could PG&E Be Warren Buffett’s Next Elephant?
Last week, in an interview, California Governor Gavin Newsom proposed that Warren Buffett bid for PG&E Corporation (PCG).
PG&E: As Wildfires Rage On, Investors Get Burned
PG&E has disclosed one of its transmission lines malfunctioned just before the Kincade Fire broke out, prompting its stock to fall more than 30% on Friday.
Elon Musk Says Tesla’s Solar Business Could Outdo EVs
Elon Musk sees huge growth potential in Tesla’s solar business. On the Q3 earnings call, he said it could even outgrow Tesla’s electric vehicles.
Will Elon Musk Talk Solar Fires on Tesla’s Earnings Call?
Tesla is due to release its third-quarter earnings today after the markets close. Will Elon Musk answer analysts’ questions about Walmart solar roof fires?
Can PG&E’s Pain Be Tesla and Elon Musk’s Gain?
On October 9, PG&E cut power to 800,000 Californians as a precaution against wildfires. Elon Musk’s tweet highlighted the Tesla Powerwall as an alternative.
How PG&E Stock Could Trade after a Terrible Week
Bankrupt utility PG&E lost more than 25% last week. The fall came after the bankruptcy court allowed a bondholder group to pitch their restructuring plan.
Why Utilities Could Keep Smashing in the Fourth Quarter
Despite valuation concerns, utility stocks seem relatively well placed at the moment, especially going into October, compared to broader markets.
Utilities: XLU’s Chart Indicators, Volatility, and More
The Utilities Select Sector SPDR ETF (XLU) touched a new all-time high on Friday. XLU has gained more than 18% year-to-date.
Where Did Stanley Druckenmiller Place His Bets?
In the second quarter, Stanley Druckenmiller’s top five buys were Uber Technologies, Microsoft, Salesforce.com, PG&E, and Barrick Gold.
PG&E Stock Fell 25% on Higher Risks from Tubbs Fire
PG&E (PCG) shares are trading more than 25% lower on Monday. A federal judge ruled that the utility must face victims of the Tubbs Fire.
Druckenmiller and Culp Bought GE Stock: Should You?
Stanley Druckenmiller, a hedge fund manager and billionaire investor, told CNBC that he bought General Electric shares after the stock fell on Thursday.
Utilities Recap: The Big Gains and Losses Last Week
The Utilities Select Sector SPDR ETF (XLU), which represents the top US utility stocks, marginally rose while the S&P 500 rose ~0.5% last week.
S&P 500 Utilities Stocks with Maximum Upside Potential
PG&E (PCG) stock offers a handsome upside potential of 71% going forward. Wall Street analysts have given it a median target price of $40.2.
California Utilities Are Upbeat, Wildfire Bill Moves Forward
On Tuesday, PG&E (PCG) stock rose more than 6% during the early trading hours. The stock lost most of its gains and closed 0.7% higher.
Utilities in Focus on Unstable Bond Yields and Rate Cut Hopes
Utilities, which are sensitive to interest rates, rose 1.8% while the S&P 500 managed to gain almost 2% in the week that ended on July 5.
Why Utilities Underperformed the Broader Market Last Week
The defensives and utilities sector fell more than 2% last week while broader markets fell just 0.3%. Here’s why.
PG&E Stock Rose 10% on June 27
Recently, PG&E (PCG) stock continued to trade with wild swings. On June 27, the stock rose more than 10%.
XLU: How Did Utility Stocks Fare Last Week?
Utilities rose 0.3%, while the S&P 500 rose 1.6% for the week ending June 21. So far in 2019, utility stocks have risen almost 15%, while broader markets have risen more than 17%.
PCG: Analyzing PG&E’s Chart Indicators
PG&E (PCG) stock is trading in the “overbought” zone with its RSI (relative strength index) of 81. The company’s 50-day level close to ~$20.0 might act as a support in the short term.
PG&E Stock Rose 15%, Governor Pushed for Wildfire Fund
PG&E (PCG) is seeking bankruptcy protection under Chapter 11. The company’s shares kept climbing for the sixth consecutive day. The stock rose almost 15% on June 20.
What’s Next for PG&E Stock after Cal Fire’s Report?
PG&E (PCG) stock could see some serious pressure after Cal Fire’s report.
How Utilities Fared amid Broader Market Swings Last Week
So far this year, utility stocks have gained ~11%, while the S&P 500 has gained more than 15%.
How Utility Stocks Fared Last Week
Utilities were close to their all-time high and gained 0.4% last week, while broader markets also gained marginally.
PG&E: After Q1 Results, SEC Probe Might Drive Its Stock
PG&E (PCG) stock fell more than 3% on May 2 after it reported its first-quarter earnings.
What’s Next for PG&E Corporation Stock?
According to Reuters, PG&E (PCG) won a court approval on March 27 for a $5.5 billion loan to help keep up its electric and gas delivery operations.
A Look at Leaders and Laggards in the Utilities Sector Last Week
Utilities continued their upward march last week and outperformed broader markets.
Sempra Energy or Edison International: Which Could Emerge Strong?
Edison International stock has lost ~20% in the last three months since the deadly wildfires in November.
PG&E Files for Chapter 11 Bankruptcy, Stock Rises 5%
On January 29, wildfire-stricken PG&E filed for voluntary Chapter 11 bankruptcy protection. The utility faces ~$30 billion in potential liabilities.
Analyzing How Utilities Performed Last Week
Last week, utilities started on a weak note. The Utilities Select Sector SPDR ETF (XLU) fell marginally, while the S&P 500 rose almost 3%.
XLU: What Top Utilities’ Chart Indicators Suggest
Currently, XLU is trading at $54.11—marginally above its 50-day and 4% above its 200-day simple moving average, respectively.
PG&E Stock: Is the Valuation Attractive?
PG&E is trading at a forward PE ratio of 12x—based on the estimated EPS in 2019. PG&E’s ratio is lower than its peers’ average forward PE ratio.
Will PG&E Continue to Trade Strong after the Cascade Fire?
On October 9, fire investigator Cal Fire said that PG&E’s (PCG) sagging power lines and heavy winds started the Cascade fire in October 2017.
Ponos Industries: A Mini-Tender Offer for 14 Million AT&T Shares
AT&T (T) is expected to post EPS of $0.93 for the third quarter.
Movers and Shakers from S&P 500 Utilities Last Week
Turkey troubles fueled a flight to safety among investors, which boosted utilities last week.
S&P 500’s Top Gainers: Micron Technology and Twitter
Micron Technology, which is an American global corporation that produces many forms of semiconductor devices, was the S&P 500’s top gainer on July 2.
PPL’s Price Target and Wall Street Analysts’ Views
According to Wall Street analysts’ consensus, PPL (PPL) stock offers attractive potential upside of more than 16% in a year with a mean target price of $32.4. Currently, PPL stock is trading at $27.9.
Pacific Gas & Electric: S&P 500’s Top Gainer on March 22
Pacific Gas & Electric was the S&P 500’s top gainer on March 22. Pacific Gas & Electric opened higher on Thursday and consolidated at elevated levels.
S&P 500 Utilities: A Look at Last Week’s Leaders and Laggards
US utility stocks have corrected roughly 11% in the last three months since the last rate hike in December 2017.
SRE, EIX, and PCG: What’s in Store?
Utilities (XLU) have been weak and have fallen more than 12% since the last interest rate hike in December 2017.
S&P 500 Utilities: Last Week’s Best and Worst Performers
Investors seemed cautious about utilities last week, given the increased possibility of another interest rate hike.
How Sempra Energy Looks from a Valuation Perspective
Sempra Energy (SRE) is trading at an EV-to-EBITDA multiple of 13x—higher than its five-year historical average.
Sempra Energy’s Price Targets and Wall Street’s Views
Sempra Energy (SRE) became the largest utility by market capitalization in California after PG&E’s (PCG) wildfire fiasco.
Is the Worst Yet to Come for PG&E Investors?
On December 21, 2017, PCG announced that it had suspended its 4Q17 dividend due to uncertainty related to the liabilities associated with the California wildfires.
Why US Nuclear Power Generation Is under Serious Threat
Over the last five years, five nuclear power plants have shut down their operations, and another six are planning to close by 2025.