Valued at a market cap of $44.2 billion, PG&E Corporation (PCG) is a publicly traded energy holding company headquartered in Oakland, California. Its primary subsidiary, Pacific Gas and Electric Company, is one of the largest combined natural gas and electric utilities in the United States. The company provides energy services to approximately 16 million people across a 70,000-square-mile area in Northern and Central California, stretching from Eureka to Bakersfield and from the Pacific Ocean to the Sierra Nevada.
Shares of the utility company have struggled to keep up with the broader market over the past 52 weeks. PCG stock has declined 4.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 11.7%. On a YTD basis, shares of PCG are down 17.4%, compared to SPX's 4.7% fall.
