California-based PG&E Corporation (PCG) is a major regulated electric and natural gas utility holding company that serves a large portion of Northern and Central California. Valued at $36 billion by market cap, it operates primarily through its subsidiary, Pacific Gas and Electric Company, delivering electricity and gas to millions of residential, commercial, and industrial customers.
Shares of this leading gas and electricity provider have underperformed the broader market over the past year. PCG has declined 5.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 29.1%. In 2026, PCG stock is up 1.2%, compared to the SPX’s 4.3% rise on a YTD basis.
