PG&E Corp

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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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

    By Vineet Kulkarni
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    Company & Industry Overviews

    PG&E Stock Continued to Slide on July 15

    The large swings for PG&E (PCG) stock may not end anytime soon.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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%.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.”

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Earnings Report

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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?

    By Vineet Kulkarni
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    Fund Managers

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Investments & Deals

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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%.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Get Real

    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. 

    By Grace Nightingale
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Matt Phillips
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    Financials

    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.

    By Matt Phillips
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    Energy & Utilities

    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.

    By Vineet Kulkarni
  • Energy & Utilities

    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.

    By Matt Phillips
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Technology & Communications

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Matt Phillips
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Consumer

    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.

    By Sybil Prowse
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    Company & Industry Overviews

    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).

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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?

    By Vineet Kulkarni
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    Consumer

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Consumer

    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.

    By Rabindra Samanta
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Anuradha Garg
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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%.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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%.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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%.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    A Look at Leaders and Laggards in the Utilities Sector Last Week

    Utilities continued their upward march last week and outperformed broader markets.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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%.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Ruchi Gupta
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    Company & Industry Overviews

    Movers and Shakers from S&P 500 Utilities Last Week

    Turkey troubles fueled a flight to safety among investors, which boosted utilities last week.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Val Kensington
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Val Kensington
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Energy & Utilities

    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.

    By Vineet Kulkarni
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    Company & Industry Overviews

    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.

    By Vineet Kulkarni
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    Miscellaneous

    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.

    By Vineet Kulkarni
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