utilities

Why More Safe and Defensive Utilities Can Still Outperform in 2020

With stocks having hit all-time highs, at least ahead of the recent concerns about the coronavirus spreading, the utility sector also has enjoyed a run higher. A stable but not ...
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Is PG&E Making Promises It Can Keep?

In a statement issued late Wednesday, PG&E Corp. (NYSE: PCG) announced that it had reached an agreement with a bondholder group that had threatened to derail the utility's bankruptcy. The ...
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Bankruptcy Judge OKs PG&E Settlements With Victims, Insurers

Federal Bankruptcy Court Judge Dennis Montali on Tuesday approved two settlements related to the PG&E Corp. (NYSE: PCG) bankruptcy filing. The judge has approved the company's $13.5 billion settlement with ...
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PG&E Plays Its $13.5 Billion Hole Card

After taking a beating in a Friday letter from California Governor Gavin Newsom, bankrupt utility PG&E Corp. (NYSE: PCG) on Monday fired back. The company announced Tuesday morning that it ...
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5 Top Utilities Expected to Outperform in 2020

With each end of year, Wall Street strategists and analysts make their forecasts for the year ahead. The coming year is expected to extend the current bull market beyond its ...
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Will California Governor Decide Who Wins the Struggle for PG&E?

When PG&E Corp. (NYSE: PCG) on Monday announced that it had reached a deal with wildfire victims, the company's stock jumped by 20%, before closing with a gain of around ...
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Did PG&E Just Pull the Rug From Under Elliott and Pimco?

PG&E Corp. (NYSE: PCG) on Friday announced that it had reached an agreement with victims of 2017 and 2018 Northern California wildfires. The settlement is valued at $13.5 billion and ...
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Do Duke Energy Earnings Signal a Downturn for Utilities?

Duke Energy Corp. (NYSE: DUK), which is generally considered a bellwether for utilities, reported its most recent quarterly results before the markets opened on Friday. While investors seem to be ...
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PG&E Earnings Overshadowed by Bankruptcy, Fires

When PG&E Corp. (NYSE: PCG) reported fiscal third-quarter results before markets opened Thursday, the embattled utility company posted adjusted diluted earnings per share (EPS) of $1.11 on revenues of $4.43 ...
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PG&E Cuts Off Power, Costs California Economy $2.6 Billion

All those years of insufficient maintenance caught up with PG&E Corp. (NYSE: PCG) in 2017 and 2018 when wildfires raged through Northern California destroying thousands of homes and causing at ...
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Why One Analyst Sees Expensive Water Utility Stocks Going Even Higher

The current bull market is over 10 years old, the strong economy has been slowing and investors are seeing and hearing "recession" so frequently some people might think a recession ...
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Does PG&E’s Reorganization Plan Have Any Support?

The bankruptcy reorganization plan submitted by PG&E Corp. (NYSE: PCG) on Monday got a predictable response: with a few exceptions, no one liked it. PG&E's plan proposes to pay in ...
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Is PG&E Doomed All Over Again?

PG&E Corp. (NYSE: PCG) is a utility that is too shaky for almost any type of investor. After all, the utility sector is supposed to be very defensive and come ...
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Plunging Interest Rates Have Utilities Back in the Spotlight: 4 Top Buys

Just when savers and income investors thought it was safe to start buying certificates of deposit, rates have nosedived again. The combination of ongoing trade issues and the Chinese devaluation ...
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How Banks Are Replacing Treasuries, Utilities and CDs for Income Investors

Many investors need income from their stocks to help supplement their life or retirement. With the yield on Treasuries so low, and with the Federal Reserve embarking on an interest ...
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