Valued at a market cap of $41 billion, Oakland, California-based PG&E Corporation (PCG) is the parent company of Pacific Gas and Electric Company, California's largest regulated electric and gas utility. The company provides electricity and natural gas services to customers across northern and central California, generating power through a diverse mix of sources including nuclear, hydroelectric, and fossil fuels.
Shares of PCG have lagged behind the broader market over the past 52 weeks. PCG stock has declined 8.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 23.9%. On a YTD basis, shares of PCG are down 23.3%, compared to SPX's 3.7% gain.
