One of the losers of today's trading session was PG&E. Shares of the Utilities—independent power producers company plunged -5.3%, and some investors may be wondering if its price of $20.48 would make a good entry point. Here's what you should know if you are considering this investment:
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PG&E has moved 25.2% over the last year, and the S&P 500 logged a change of 32.0%
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PCG has an average analyst rating of buy and is -11.9% away from its mean target price of $23.25 per share
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Its trailing earnings per share (EPS) is $1.28
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PG&E has a trailing 12 month Price to Earnings (P/E) ratio of 16.0 while the S&P 500 average is 29.3
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Its forward earnings per share (EPS) is $1.48 and its forward P/E ratio is 13.8
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The company has a Price to Book (P/B) ratio of 1.63 in contrast to the S&P 500's average ratio of 4.74
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PG&E is part of the Utilities sector, which has an average P/E ratio of 20.52 and an average P/B of 2.2
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PCG has reported YOY quarterly earnings growth of 68.5% and gross profit margins of 0.4%
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The company has a free cash flow of $-7392875008, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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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 owns and operates interconnected transmission lines; electric transmission substations, distribution lines, transmission switching substations, and distribution substations; and natural gas transmission, storage, and distribution system consisting of distribution pipelines, backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. PG&E Corporation was incorporated in 1905 and is based in Oakland, California.