Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  PG&E Corporation    PCG

PG&E CORPORATION

(PCG)
My previous session
Most popular
  Report  
Delayed Quote. Delayed Nyse - 03/25 04:02:25 pm
18.21 USD   -6.23%
05:20pPG&E : Current report filing
PU
02:48aPG&E : Picture Is Grim for PG&E Suppliers
DJ
03/22PG&E bankruptcy threatens major battery storage project
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

PG&E : Moody's lowers PG&E's credit rating to junk, joins S&P

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/10/2019 | 06:40pm EDT
FILE PHOTO: A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise

(Reuters) - Moody's on Thursday joined S&P in lowering PG&E Corp's credit rating deeper into junk territory, citing a challenging environment for the California power provider as it faces billions of dollars in liabilities related to wildfires.

Moody's, which cut PG&E's rating to B2 from Baa3, said access to capital has become more uncertain for the company.

The downgrade followed a Reuters report on Friday, citing sources, that the utility company was exploring filing for bankruptcy protection.

Moody's also downgraded its ratings of PG&E unit Pacific Gas & Electric Co to Ba3 from Baa2.

"The company (PG&E) is increasingly reliant on extraordinary intervention by legislators and regulators, which may not occur soon enough or be of sufficient magnitude to address these adverse developments," Jeff Cassella, Moody's vice president-senior credit officer, said in a statement.

S&P cut the rating on PG&E and its Pacific Power & Gas Co unit on Monday to "B" from "BBB-," the lowest tier of so-called investment-grade ratings.

The wildfire, which killed at least 86 people, broke out on the morning of Nov. 8 near the mountain community of Paradise. It is said to be one of the most destructive wildfires in California's history.

Moody's said it would continue to look for signs of legislative and regulatory support for PG&E, as the company works through various investigative, legal and regulatory processes.

(Reporting by Arundhati Sarkar in Bengaluru; Editing by Maju Samuel)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PG&E CORPORATION
05:20pPG&E : Current report filing
PU
05:15pPG&E CORP : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Oth..
AQ
02:48aPG&E : Picture Is Grim for PG&E Suppliers
DJ
03/22PG&E bankruptcy threatens major battery storage project
RE
03/22PG&E : March 22, 2019 – CAL FIRE Submission In Response To Court's March 6..
PU
03/22PG&E : March 22, 2019 – Comments Of The CPUC In Response To Second Order T..
PU
03/22PG&E : March 22, 2019 – U.S. Attorney Response To Court's Second Order To ..
PU
03/22PG&E : March 22, 2019 – PG&E Response To Second Order To Show Cause Why PG..
PU
03/21PG&E : Insurers and Hedge Fund Form Creditor Group in PG&E Bankruptcy
DJ
03/20STATEMENT OF CHANGES IN BENEFICIAL O : Wells jason p.
PU
More news
Financials ($)
Sales 2019 17 799 M
EBIT 2019 3 267 M
Net income 2019 1 838 M
Debt 2019 22 247 M
Yield 2019 -
P/E ratio 2019 5,57
P/E ratio 2020 4,57
EV / Sales 2019 1,83x
EV / Sales 2020 1,84x
Capitalization 10 245 M
Chart PG&E CORPORATION
Duration : Period :
PG&E Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PG&E CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 20,9 $
Spread / Average Target 7,5%
EPS Revisions
Managers
NameTitle
John R. Simon Chief Executive Officer
Richard C. Kelly Independent Non-Executive Chairman
Jason P. Wells Chief Financial Officer & Senior Vice President
Richard A. Meserve Independent Director
Barbara L. Rambo Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PG&E CORPORATION-18.23%10 245
NEXTERA ENERGY INC11.57%92 731
DUKE ENERGY CORP5.10%65 940
ENEL11.70%64 725
DOMINION ENERGY INC.5.68%60 364
IBERDROLA10.12%56 941