PG&E Corporation (PCG), headquartered in Oakland, California, sells and delivers electricity and natural gas to its customers. Valued at $52.2 billion by market cap, PCG is one of the largest utility companies in the U.S. that provides electricity and natural gas distribution, electricity generation, procurement, and transmission, and natural gas procurement, transportation, and storage.
Shares of this leading gas and electricity provider have underperformed the broader market considerably over the past year. PCG has gained 19.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 32.7%. In 2024, PCG stock is up 12.3%, compared to the SPX’s 21.2% rise on a YTD basis.
