Pacific Gas & Electric (PCG, Financial) saw a significant stock price drop of 5.01%. The stock is currently priced at $18.98 per share, with a trading volume of 12.09 million shares and a turnover rate of 0.55%. The price fluctuation for the stock reached 4.33%.
Recent financial reports indicate that PCG generated revenues of $5.941 billion, with a net profit of $579 million, resulting in earnings per share of $0.27. The company's gross profit stands at $1.136 billion, with a price-to-earnings ratio of 14.84.
Regarding analyst ratings, 65% of the 20 institutions covering the stock recommend buying, 30% suggest holding, and 5% advise selling.
Within the broader energy and power sector, there was an overall decline of 0.34%. Notable gainers in the sector include RGC Resources Inc., Southern Company, and Atmos Energy Corporation. In contrast, Oklo Inc., Northern Argentina Electric Company, and Edison International showed significant activity, with Oklo Inc. seeing the highest price volatility at 14.99%.
PG&E Corp, the parent company of Pacific Gas and Electric, operates as a regulated utility in Central and Northern California. It serves 5.3 million electricity customers and 4.6 million natural gas customers across 47 of California's 58 counties. The company underwent bankruptcy proceedings from January 2019 to June 2020 and restructured by selling its unregulated assets in 2004.
