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PCG

PG&E

$10.91

1.29 (13.41%)

17:27
12/17/19
12/17
17:27
12/17/19
17:27

PG&E's CA wildfire settlement gets encouragement from judge, Reuters says

U.S. Bankruptcy Judge Dennis Montali offered some encouraging words on PG&E's $13.5B settlement with victims of California wildfires, Reuters' Tom Hals reports. "Not really anyone is saying this is a bad economic resolution," Montali said at Tuesday's hearing, noting the lack of strong objections, according to Reuters. Reference Link

  • 07

    Jan

PCG PG&E
$10.91

1.29 (13.41%)

11/12/19
SBSH
11/12/19
NO CHANGE
Target $5
SBSH
Sell
PG&E may offer both cash and stock to to TCC, says Citi
Citi analyst Praful Mehta notes that PG&E looking to offer the Tort Claimants Committee $13.5B, as reported yesterday by Bloomberg, would be the same amount that the bondholders have offered. It may be possible that PG&E offers a combination of cash and stock to the TCC to limit the size of the rights offering, Mehta tells investors in a research note. The value at which these shares are issued will also be a question, adds the analyst. He believes PG&E's total equity raise would be $27B, assuming holdco debt financing capacity of $4B. The analyst assumes a pro forma stock price of $4.80 per share with rights at $3.90 per share. Mehta keeps a Sell rating on PG&E with a $5 price target.
11/19/19
SBSH
11/19/19
NO CHANGE
Target $5
SBSH
Sell
PG&E filing shows reduced financing commitment, says Citi
PG&E filed an 8-K highlighting a redo of its financing commitments, Citi analyst Praful Mehta tells investors in a research note. The filing included a lower financing commitment of $12B versus $14B earlier, with $7.4B secured to date, adds the analyst. He believes the reduced commitment could reflect concern from some investors. Mehta reiterates a Sell rating on PG&E shares with a $5 price target.
12/11/19
SBSH
12/11/19
NO CHANGE
Target $10.5
SBSH
Buy
Citi boosts PG&E target to $10.50, says no chance of zero stock price now
Citi analyst Praful Mehta raised his price target for PG&E to $10.50 from $5 saying the company's settlement with the Official Committee of Tort Claimants likely dealt a "fatal blow" to the bondholder plan and the zero stock price scenario. The shares closed Tuesday up $1.14 to $12.32. The bondholder plan's primary leverage was their deal with the Committee of Tort Claimants, Mehta tells investors in a research note. Without that leverage, he sees a "very low likelihood" of Judge Montali rejecting the settlement and keeping the two competing plans alive. The analyst, whose new $10.50 price target is based on the latest settlement, keeps a Sell rating on PG&E.
12/16/19
SBSH
12/16/19
NO CHANGE
Target $10.5
SBSH
Sell
PG&E shareholder risk elevated after governor pushback, says Citi
Citi analyst Praful Mehta says risks to investing in PG&E are "clearly up" after California Governor Gavin Newsom rejected the company's plan to pay Northern California wildfire victims and exit bankruptcy. The Governor said, "I do not expect that the post-confirmation board will include the current directors." This is going to be very tough to meet, contends Mehta, who notes that Newsom is also looking for safety metrics and an enforcement mechanism. The best case scenario from a shareholder perspective is $3B-$4B more equity while getting an agreement with the Governor and California Public Utilities Commission, Mehta tells investors in a research note. The worst case is that the bondholder plan is back in and the zero dollar share scenario is back on the table, adds the analyst. He sees "no easy options" and reiterates a Sell rating on PG&E with a $10.50 price target.

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Bank of America

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CEL

Cellcom Israel

$3.18

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VRCA

Verrica Pharmaceuticals

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SO

Southern Company

$67.25

1.08 (1.63%)

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  • 30

    Jan

LIZI

Lizhi

$11.72

(0.00%)

, DNK

Phoenix Tree

$13.50

(0.00%)

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$11.72

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$13.58

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I-MAB

$12.90

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$11.70

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Casper Sleep

$0.00

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TLGT

Teligent

$0.40

-0.0025 (-0.62%)

15:53
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  • 24

    Jan

AYTU

Aytu BioScience

$0.80

0.0014 (0.18%)

15:48
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  • 24

    Jan

DVA

DaVita

$79.45

0.43 (0.54%)

15:32
01/18/20
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  • 23

    Jan

TSM

TSMC

$58.58

-0.18 (-0.31%)

09:16
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KKR

KKR

$31.20

0.7 (2.30%)

, APO

Apollo Global

$50.35

1.26 (2.57%)

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$31.20

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Apollo Global

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Ares Management

$37.29

0.47 (1.28%)

BX

Blackstone

$60.79

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CG

Carlyle Group

$33.30

0.36 (1.09%)

HLNE

Hamilton Lane

$67.25

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$15.65

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  • 25

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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

, NFLX

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$339.56

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Alphabet

$1,480.28

28.34 (1.95%)

NFLX

Netflix

$339.56

0.89 (0.26%)

CMCSK

Comcast

$0.00

(0.00%)

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Comcast

$47.48

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$1,479.12

29.29 (2.02%)

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JWN

Nordstrom

$40.34

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  • 21

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Boeing

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  • 28

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SPOT

Spotify

$148.20

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  • 05

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CE

Celanese

$117.54

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  • 31

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BYND

Beyond Meat

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-1.16 (-1.05%)

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DBD

Diebold

$11.09

-0.49 (-4.23%)

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

, SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

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$111.28

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SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

SPY

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$331.98

1.08 (0.33%)

SLV

iShares Silver Trust

$16.82

0.04 (0.24%)

GLD

SPDR Gold Shares

$146.59

0.29 (0.20%)

FXE

Euro Currency Trust

$105.10

-0.43 (-0.41%)

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UBSFY

Ubisoft

$0.00

(0.00%)

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IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
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