PG&E Corporation (PCG)
- Previous Close
16.85 - Open
16.86 - Bid 16.93 x 1300
- Ask 16.95 x 3200
- Day's Range
16.70 - 16.98 - 52 Week Range
14.71 - 18.32 - Volume
8,392,312 - Avg. Volume
15,685,495 - Market Cap (intraday)
44.321B - Beta (5Y Monthly) 1.29
- PE Ratio (TTM)
16.14 - EPS (TTM)
1.05 - Earnings Date Apr 25, 2024
- Forward Dividend & Yield 0.02 (0.12%)
- Ex-Dividend Date Mar 27, 2024
- 1y Target Est
19.68
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. The company owns and operates interconnected transmission lines; electric transmission substations, distribution lines, transmission switching substations, and distribution substations; and natural gas transmission, storage, and distribution system consisting of distribution pipelines, backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. PG&E Corporation was incorporated in 1905 and is based in Oakland, California.
www.pgecorp.com28,010
Full Time Employees
December 31
Fiscal Year Ends
Sector
Utilities - Regulated Electric
Industry
Recent News: PCG
Performance Overview: PCG
Trailing total returns as of 4/22/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: PCG
Valuation Measures
Market Cap
44.32B
Enterprise Value
101.42B
Trailing P/E
16.14
Forward P/E
12.56
PEG Ratio (5yr expected)
1.15
Price/Sales (ttm)
1.48
Price/Book (mrq)
1.77
Enterprise Value/Revenue
4.15
Enterprise Value/EBITDA
13.92
Financial Highlights
Profitability and Income Statement
Profit Margin
9.18%
Return on Assets (ttm)
1.76%
Return on Equity (ttm)
9.27%
Revenue (ttm)
24.43B
Net Income Avi to Common (ttm)
2.24B
Diluted EPS (ttm)
1.05
Balance Sheet and Cash Flow
Total Cash (mrq)
635M
Total Debt/Equity (mrq)
228.27%
Levered Free Cash Flow (ttm)
-6.22B
Research Analysis: PCG
Company Insights: PCG
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Research Reports: PCG
Analyst Report: PG&E Corp.
PG&E Corp. is the holding company for Pacific Gas & Electric Co., an investor-owned utility. The utility provides electricity to 5.5 million accounts and natural gas to 4.5 million accounts in northern and central California. Electricity accounted for about 71% of 2023 revenues. The company's customer base is weighted toward residential and small business customers - in 2023, 43% of GWh sales was from residential customers and 37% was from smaller commercial customers. About 80% of 2023 bundled gas sales was from residential customers. PG&E is also a large operator of underground natural gas storage fields in California. As of the end of 2023, the utility had 26GWh of generating capacity with an owned generation fuel mix including 25% from natural gas, 15% hydropower, 2% renewable, and 58% nuclear. Purchased power is 35% renewably sourced. The company had planned to shut down Diablo Canyon by 2025 as management said that it could not afford to run the plant. However, regulators supported the plant and PCG has now applied for a license and federal aid to continue to operate Diablo Canyon. PCG received favorable case decisions in 2023. In May 2022, PCG said that it had met the requirements for inclusion in the S&P 500 after four straight quarters of GAAP earnings. Its market cap is $35 billion.
RatingPrice TargetMarket Update: PCG, WMB, AVGO, CRWD
U.S. stocks were mixed intraday on Friday as investors digested new economic data. In February, total nonfarm payrolls rose 275,000 according to the latest Bureau of Labor Statistics report. This was higher than the expected 198,000, and higher than last month's 229,000 (revised down from 353,000). While a hotter-than-expected jobs reading initially sparked a sell-off, the rise in unemployment on the next line of the report led stocks to bounce back. The unemployment rate ticked up to 3.9% in February, rising 0.2% from the month prior. In February, total nonfarm payrolls rose 275,000 according to the latest Bureau of Labor Statistics report. This was higher than the expected 198,000, and higher than last month's 229,000 (revised down from 353,000). The unemployment rate ticked up to 3.9% in February, rising 0.2% from the month prior.
Analyst Report: PG&E Corporation
PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.
RatingPrice TargetAnalyst Report: PG&E Corporation
PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.
RatingPrice Target