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 May 17, 2024, PCG stock price climbed to $18.60 with 9,812,364 million shares trading.

PCG has a beta of 0.59, meaning it tends to be less sensitive to market movements. PCG has a correlation of 0.14 to the broad based SPY ETF.

PCG has a market cap of $48.64 billion. This is considered a Large Cap stock.

Last quarter Pg&E reported $6 billion in Revenue and $.37 earnings per share. This fell short of revenue expectation by $-739 million and exceeded earnings estimates by $.02.

In the last 3 years, PCG stock traded as high as $18.62 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 stock has underperformed the market in the last year with a return of +10.8%, while SPY returned +29.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PCG shares. However, PCG has outperformed the market in the last 3 month and 2 week periods, returning +13.3% and +5.9%, while SPY returned +6.3% and +3.6%, respectively. This indicates PCG has been having a stronger performance recently.

PCG support price is $18.23 and resistance is $18.68 (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.