PCG Stock Summary and Trading Ideas (Pg&E | NYSE:PCG)

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.

Pg&E trades on the NYSE stock market under the symbol PCG.

As of April 24, 2024, PCG stock price climbed to $17.00 with 9,146,366 million shares trading.

PCG has a beta of 0.55, meaning it tends to be less sensitive to market movements. PCG has a correlation of 0.12 to the broad based SPY ETF.

PCG has a market cap of $44.39 billion. This is considered a Large Cap stock.

Last quarter Pg&E reported $7 billion in Revenue and $.47 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $.02.

In the last 3 years, PCG stock traded as high as $18.32 and as low as $8.24.

The top ETF exchange traded funds that PCG belongs to (by Net Assets): VTI, VO, VOO, XLU, SPY.

PCG has underperformed the market in the last year with a return of +0.8%, while the SPY ETF gained +24.2%. In the last 3 month period, PCG fell short of the market, returning +3.0%, while SPY returned +4.6%. However, in the most recent 2 weeks PCG has outperformed the stock market by returning +0.1%, while SPY returned -2.7%.

PCG support price is $16.72 and resistance is $17.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PCG stock will trade within this expected range on the day.