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PCG

PG&E

$45.05

-0.195 (-0.43%)

, EIX

Edison International

$69.44

-0.42 (-0.60%)

11:59
08/20/18
08/20
11:59
08/20/18
11:59

California's Dodd says securitization of PG&E liability mulled, Bloomberg says

California Senator Bill Dodd told Bloomberg in a phone call that the state's lawmakers are mulling a securitization of PG&E's (PCG) fire liability, adding that securitization terms will come within 36 hours.

PCG

PG&E

$45.05

-0.195 (-0.43%)

EIX

Edison International

$69.44

-0.42 (-0.60%)

  • 25

    Sep

PCG PG&E
$45.05

-0.195 (-0.43%)

08/20/18
EVER
08/20/18
NO CHANGE
EVER
In Line
Passage of constructive legislation for PG&E seems uncertain, says Evercore ISI
Evercore ISI analyst Greg Gordon said statements from California Senator Bill Dodd indicate the state's lawmakers are abandoning efforts to shield electrical utilities from some financial liability for wildfires. The analyst, who thinks passage of constructive legislation now appears uncertain, keeps an In Line rating on PG&E shares.
08/06/18
08/06/18
UPGRADE
Target $60

Outperform
PG&E upgraded to Outperform on attractive risk/reward at Wells Fargo
As previously reported, Wells Fargo analyst Neil Kalton upgraded PG&E to Outperform from Market Perform, based on an eventual legislative fix to California's inverse condemnation law and given that shareholders will not incur anywhere near the "worst case" damages for the 2017 Northern California wildfires. The analyst also raised his price target on the shares to $60 from $48, citing attractive risk/reward.
08/06/18
WELS
08/06/18
UPGRADE
WELS
Outperform
PG&E upgraded to Outperform from Market Perform at Wells Fargo
07/25/18
MSCO
07/25/18
NO CHANGE
MSCO
Overweight
Governor Brown's proposal positive for California utilities, says Morgan Stanley
After California Governor Jerry Brown proposed legislation covering the treatment of utilities with respect to liability for wildfire damages, Morgan Stanley analyst Stephen Byrd said that overall he views the proposal as constructive to California utilities PG&E (PCG) and Edison International (EIX). While the proposed penalty provisions screen negative, the provision to provide courts with discretion to apportion partial liability for damages from fires is constructive for utilities because it can be a path to avoid a binary "all-or-nothing" outcome, said Byrd. He reiterates an Overweight rating on PG&E shares.
EIX Edison International
$69.44

-0.42 (-0.60%)

07/10/18
LEHM
07/10/18
INITIATION
Target $73
LEHM
Equal Weight
Edison International initiated with an Equal Weight at Barclays
Barclays analyst Eric Beaumont started Edison International with an Equal Weight rating and $73 price target.
07/09/18
ARGS
07/09/18
NO CHANGE
Target $75
ARGS
Buy
Edison International price target raised to $75 from $71 at Argus
Argus analyst Gary Hovis raised his price target on Edison International to $75 and kept his Buy rating, citing the company's improved forward earnings visibility and financial strength as well as the "well-balanced regulation". The analyst notes that Edison International has "adequate liquidity through its current cash balance, cash from operations and credit facility to meet all anticipated cash requirements through 2019", while also noting that its 14.5-times estimated FY19 earnings multiple puts its valuation at a discount relative to comparable electric utilities with fully regulated operations.
06/11/18
WELS
06/11/18
NO CHANGE
WELS
CAL FIRE reports an incrementally negative for PG&E, says Wells Fargo
Wells Fargo analyst Neil Kalton notes that CAL FIRE issued reports on the causes of an additional 12 fires related to the 2017 Northern California wildfires, and determined that PG&E's (PCG) infrastructure was involved in all 12 fires and that there was evidence that the company violated state laws in 8 fires. The analyst views the CAL FIRE reports as an incrementally negative development as it further casts PG&E in a bad light. While he thinks PG&E's shares reflect an overly onerous outcome, Edison International (EIX) remains his preferred play for a California regulatory recovery. Kalton reiterates a Market Perform rating on PG&E shares and an Outperform rating on Edison's stock, while lowering his price target on the former to $46 from $48 and on the latter to $72 from $74.

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KTOS

Kratos Defense

$20.70

0.28 (1.37%)

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Kratos Defense call volume above normal and directionally bullish »

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Treasury's $11 B 10-year TIPS sale was surprisingly solid »

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ACAD

Acadia

$24.82

-0.29 (-1.15%)

, ALKS

Alkermes

$24.22

-0.83 (-3.31%)

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JPMorgan biotech analysts to hold an analyst/industry conference call »

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Acadia

$24.82

-0.29 (-1.15%)

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Alkermes

$24.22

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ITCI

Intra-Cellular

$13.34

0.26 (1.99%)

NBIX

Neurocrine

$78.45

-1.42 (-1.78%)

SAGE

Sage Therapeutics

$174.50

-0.5 (-0.29%)

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ICPT

Intercept

$85.25

-0.98 (-1.14%)

, RHHBY

Roche

$0.00

(0.00%)

13:21
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13:21
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Intercept, Roche analyst commentary at RBC Capital »

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ICPT

Intercept

$85.25

-0.98 (-1.14%)

RHHBY

Roche

$0.00

(0.00%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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05/23
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13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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TME

Tencent Music

$13.72

-0.335 (-2.38%)

13:15
05/23/19
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13:15
Options
Tencent put volume heavy and directionally bearish »

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GOOGL

Alphabet Class A

$1,135.50

-17.61 (-1.53%)

, GOOG

Alphabet

$1,130.85

-19.65 (-1.71%)

13:13
05/23/19
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13:13
Hot Stocks
Google announces integration with food delivery service providers »

In a post to a corporate…

GOOGL

Alphabet Class A

$1,135.50

-17.61 (-1.53%)

GOOG

Alphabet

$1,130.85

-19.65 (-1.71%)

UBER

Uber

$40.51

-0.58 (-1.41%)

GRUB

GrubHub

$65.02

-3.52 (-5.14%)

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VRNT

Verint

$56.01

-5.2 (-8.50%)

13:11
05/23/19
05/23
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13:11
Hot Stocks
Verint says short seller report 'inaccurate and deliberately misleading' »

Verint Systems issued a…

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  • 29

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13:08
05/23/19
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13:08
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13:08
General news
10-Yr TIPS Auction Coupon Rate data reported »

10-Yr TIPS Auction Coupon…

13:08
05/23/19
05/23
13:08
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13:08
General news
10-Yr TIPS Auction Total Amount data reported »

10-Yr TIPS Auction Total…

M

Macy's

$21.36

-0.45 (-2.06%)

13:05
05/23/19
05/23
13:05
05/23/19
13:05
Options
Macy's call volume above normal and directionally bullish »

Bullish option flow…

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WEBK

Wellesley Bancorp

$35.05

(0.00%)

13:02
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05/23
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13:02
Hot Stocks
Wellesley Bancorp raises quarterly cash dividend 9.1% to 6c per share »

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JYNT

Joint Corp.

$16.00

-1.5 (-8.57%)

13:02
05/23/19
05/23
13:02
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13:02
Recommendations
Joint Corp. analyst commentary at DA Davidson »

Joint Corp. weakness on…

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AMZN

Amazon.com

$1,812.11

-45.63 (-2.46%)

12:57
05/23/19
05/23
12:57
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12:57
Periodicals
Amazon developing wrist device that can read human emotions, Bloomberg says »

Amazon is working on a…

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JYNT

Joint Corp.

$16.00

-1.5 (-8.57%)

12:56
05/23/19
05/23
12:56
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12:56
Periodicals
Joint Corp. mentioned cautiously by Seeking Alpha contributor »

In a short report…

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ESV

Ensco Rowan

$8.98

-0.87 (-8.83%)

12:55
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12:55
Options
Ensco put volume heavy and directionally bearish »

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12:55
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12:55
Conference/Events
Federal Reserve Bank of Dallas to hold a conference »

Atlanta Federal Reserve…

12:55
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Conference/Events
JPMorgan biotech analysts to hold an analyst/industry conference call »

Biotech Analysts Fye,…

INTU

Intuit

$241.77

-5.75 (-2.32%)

12:50
05/23/19
05/23
12:50
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12:50
Hot Stocks
Senators ask Intuit about reports of misleading taxpayers on free options »

Senator Elizabeth Warren…

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  • 23

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INTU

Intuit

$241.84

-5.68 (-2.29%)

12:47
05/23/19
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12:47
Periodicals
TurboTax's 'discount' tricks military into paying to file taxes, ProPublica says »

Intuit, the maker of…

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