With a market capitalization of $34.6 billion, Pacific Gas & Electric Company (PCG) is one of the largest combined natural gas and electric utilities in the U.S., serving millions of customers across Northern and Central California. Headquartered in California, PG&E delivers electricity, natural gas distribution, and energy services across a vast and diverse service area spanning urban, suburban, and rural regions.
Shares of the utility titan have underperformed the broader market considerably. PCG’s stock has declined by 21.7% over the past 52 weeks, while the broader S&P 500 Index ($SPX) has gained 18.1% over the same period. The weakness has continued into 2025, with the stock sliding 21.9% year-to-date compared to the index’s 17.2% gain.
