Shares of Utilities sector company Pacific Gas & Electric Co. moved -1.4% today, and are now trading at a price of $17.37. The large-cap stock's daily volume was 16,325,896 compared to its average volume of 18,424,780. 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 $44,180,770,816.
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 -9.44% away from its average analyst target price of $19.18 per share.
Over the last year, PCG's share price has increased by 10.5%, which represents a difference of -12.5% 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 |
