PG&E Corp (NYSE:PCG)

utility dividend play at good entry level here

I going long on PCG - PG&E Corp - betting on the temporary insanity in the fed govt's finances to drive price lower in near-term, but the stock's dividend yield (on 7/29/2011 nearly 4.4% - higher than the rate on a 30-year treasury note) offering price support. Of immediate concern is the upcoming earnings call, scheduled for Aug 4 - next week.

Well run utility yielding 4% and trading at 12x 2011 earnings.

dividends. runs a monopoly in california. electricity/gas is a necessity in line. money will flow in here. defensive stock.

Upthumb. Cost of recent SF disaster unlikely to exceed liability insurance. However, changes in inspection and maintenance, replacement of older lines and other impacts likely to increase operations expenses and capital investments going forward. These will be material impacts. Liability insurance rates will rise. All of these higher expenses likely to be passed onto consumers by the public utility rate commission. Therefore, earnings are unlikely to be negatively affected and the stock will likely rise back to $50.

The market has valued the damage from the San Bruno disaster at 8% of market cap, or, roughly, $1.6 billion, shaving that much off the share price in the intervening few days. Dividend yield has been elevated to 4%.

I am a captive PCG customer; they are a lightly "regulated" electric utility serving most of California with gas and electric service. Their ability to pass along their costs in terms of rate hikes has been untrammeled by any legislative interference, and recently they placed an initiative on the ballot that essentially prohibited entry to any competitor in their markets. They purchased passage of this initiative with an ad campaign paid for by utility consumers' tariffs.

I would not be surprised to find the lights go out in Sacramento if anything opposing PCG's agenda comes up for debate. This company rules, and no challenge to its authority is permitted. Therefore I'm endorsing it now at this price point because I don't believe it will be held liable for any portion of the San Bruno disaster and if it is, it will pass on the cost to utility consumers; and, therefore, the market has erred in reducing its value.

pcg

Best utility I have seen, low short term debt, good dividend, active in renewable energies

Aggressive California renewable investment.

pge reenergizing solar wind & atomic energy

They actually get paid to save energy by the commission. Think people are going to do that on their own and PG&E will be cashing the checks.

I needed a utility, and PG&E looks strong.

calf loves it's lights and toys

New 52 week low. Good dividend yield. Green energy play.

Long term pick on an innovative company in a growing market.

Strong Southern Cal. exposure in a high demand market.

Summertime histrically has generated nice profits for Pg&E

Big company push towards renewable energy and young management replacing the old guard.

Integrators benefit from energy crisis

we are in deep for oil, we need to find a way for energy, this may be the ticket.