What Facts Should You Know About Pacific Gas & Electric Co.?

Shares of Utilities sector company Pacific Gas & Electric Co. moved 1.7% today, and are now trading at a price of $17.62. The large-cap stock's daily volume was 14,970,267 compared to its average volume of 18,307,890. The S&P 500 index returned a 1.0% performance.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. The company is based in Oakland and has 26,010 full time employees. Its market capitalization is $44,816,650,240.

14 analysts are following Pacific Gas & Electric Co. and have set target prices ranging from $14.0 to $21.0 per share. On average, they have given the company a rating of buy. At today's prices, PCG is trading -8.13% away from its average analyst target price of $19.18 per share.

Over the last year, PCG's share price has increased by 9.1%, which represents a difference of -15.0% when compared to the S&P 500. The stock's 52 week high is $18.32 per share whereas its 52 week low is $14.71. Pacific Gas & Electric Co. has averaged free cash flows of $-7560666666.7 over the last 6 years, with a mean growth rate of -24.8%. It is unlikely that the stock can sustain its current performance trend for the long term when the underlying business is experiencing such poor cash flows.

Date Reported Cash Flow from Operations ($ k) Capital expenditures ($ k) Free Cash Flow ($ k)
2023 5,279,000 9,274,000 -3,995,000
2022 3,721,000 9,584,000 -5,863,000
2021 2,262,000 7,689,000 -5,427,000
2020 -19,130,000 7,690,000 -26,820,000
2019 4,816,000 6,313,000 -1,497,000
2018 4,752,000 6,514,000 -1,762,000
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.