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.
infoPG&E is a mega cap stock with a total market cap of 291.39B.
infoThey trade on the NYSE and had their IPO 3 years ago.
infoPG&E currently employs 26010 people.
infoAs of Friday, Jun 23 2023, PG&E’s share price is $146.27.
News Relating to PG&E
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No Rotating Power Outages Needed Wednesday Night in PG&E’s Service Area
Thursday Aug 20 2020 at 02:11
Based on forecasts for electricity supply and demand, the state’s electric grid operator, the California Independent System Operator (CAISO), has confirmed that Pacific Gas and Electric Company (PG&E) will not need to employ rotating power outages on Wednesday.
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Bondholders fear California blackout threats, wildfires
Thursday Aug 20 2020 at 00:43
Bonds issued by PG&E Corp. and Southern California Edison are widening as California’s electric grid manager threatens power cuts and hundreds of wildfires blaze.
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Howard Marks' Oaktree Buys PG&E, Sells Oil Stocks
Wednesday Aug 19 2020 at 21:54
Firm releases its 2nd-quarter portfolio updates
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Rotating Power Outages Still Possible Wednesday Afternoon and Evening
Wednesday Aug 19 2020 at 19:17
As California enters the sixth day of a record heatwave, current energy supply forecasts indicate that rotating power outages are still possible Wednesday. Pacific Gas and Electric Company (PG&E) urges customers to conserve electricity in response to the California Independent System Operator’s (ISO) statewide Flex Alert called for Wednesday from 2 p.m. to 9 p.m. CAISO is the organization that manages the state’s power grid.
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As California Heatwave Extends into Mid-Week, PG&E Strongly Urges Customers to Conserve Energy and be Prepared in Case of Rotating Power Outages
Wednesday Aug 19 2020 at 13:41
Pacific Gas and Electric Company (PG&E) strongly urges customers to conserve energy to help prevent the need for rotating outages. The state’s electric grid operator, the California Independent System Operator (CAISO), issued a Flex Alert previously that remains in force for Wednesday from 3 p.m. to 10 p.m. PG&E meteorologists are forecasting the heatwave to continue and continue through Thursday.
Yahoo
No Rotating Power Outages Needed Tonight in PG&E’s Service Area
Wednesday Aug 19 2020 at 04:12
Based on forecasts for electricity supply and demand, the state’s electric grid operator, the California Independent System Operator (CAISO), has communicated to Pacific Gas and Electric Company (PG&E) that the utility will not need to employ rotating power outages on Tuesday.
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Blackouts continue to loom over California as emergency declared over wildfires
Wednesday Aug 19 2020 at 02:40
Gov. Gavin Newsom declared an emergency Tuesday over wildfires burning throughout California amid excessive heat as the state’s power grid operator pleaded with residents and businesses to continue conserving energy to avoid rolling blackouts.
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Dalton Investments LLC Buys PG&E Corp, Sells 21Vianet Group Inc, GreenTree Hospitality …
Wednesday Aug 19 2020 at 00:38
Santa Monica, CA, based Investment company Dalton Investments LLC (Current Portfolio) buys PG&E Corp, sells 21Vianet Group Inc, GreenTree Hospitality Group, Ambev SA, Noah Holdings, Niu Technologies during the 3-months ended 2020Q2, according to the most recent filings of the investment company, Dalton Investments LLC. Continue reading…
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Blackouts loom again in California as emergency declared over wildfires
Tuesday Aug 18 2020 at 23:25
California’s power grid operator pleaded for more energy conversation to overcome another large energy gap Tuesday and avoid rolling blackouts as Gov. Gavin Newsom declared an emergency over hundreds of wildfires burning throughout the state
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Anchorage Capital Group, L.L.C. Buys PG&E Corp, Sells American Axle & Mfg Holdings Inc
Tuesday Aug 18 2020 at 20:38
New York, NY, based Investment company Anchorage Capital Group, L.L.C. (Current Portfolio) buys PG&E Corp, sells American Axle & Mfg Holdings Inc during the 3-months ended 2020Q2, according to the most recent filings of the investment company, Anchorage Capital Group, L.L.C.. Continue reading…
PG&E Bankruptcy Risk
Derived from SEC.GOV filing dataopen_in_new
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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PG&E’s Altman Z-score is 2.09 which is in the gray zone. This indicates a level of ambiguity where further analyses are needed to evaluate the company’s financial stability accurately.
PG&E Insider Trading
Derived from SEC.GOV filing dataopen_in_new
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 1 insider has bought $2.48K and 1 insider has sold $1.06M of common stock in PG&E on the stock market. This represents a net trade value of $1.06M sold.
Debt & Income Analysis
Derived from SEC.GOV filing dataopen_in_new
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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PG&E’s Income Quality of 1.7 is in line with its Industry Group of 1.66 (2.4% greater)
PG&E’s Income Quality of 1.7 is greater than its Major Industry Group of 1.5 (13.3% greater)
PG&E’s Income Quality of 1.7 is greater than its Sector of 1.37 (24.1% greater)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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PG&E’s Current Ratio of 0.85 is greater than its Industry Group of 0.77 (10.4% greater)
PG&E’s Current Ratio of 0.85 is in line with its Major Industry Group of 0.9 (-5.6% lower)
PG&E’s Current Ratio of 0.85 is lower than its Sector of 1.19 (-28.6% lower)
Value Analysis
Derived from SEC.GOV filing dataopen_in_new
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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PG&E’s PE Ratio of 152.72 is greater than its Industry Group of 17.49 (773.2% greater)
PG&E’s PE Ratio of 152.72 is greater than its Major Industry Group of 12.95 (1079.3% greater)
PG&E’s PE Ratio of 152.72 is greater than its Sector of 6.38 (2293.7% greater)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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PG&E’s PB Ratio of 10.41 is greater than its Industry Group of 1.42 (633.1% greater)
PG&E’s PB Ratio of 10.41 is greater than its Major Industry Group of 1.58 (558.9% greater)
PG&E’s PB Ratio of 10.41 is greater than its Sector of 1.3 (700.8% greater)
Efficiency Analysis
Derived from SEC.GOV filing dataopen_in_new
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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PG&E’s ROE of 0.07 is lower than its Industry Group of 0.08 (-12.5% lower)
PG&E’s ROE of 0.07 is in line with its Major Industry Group of 0.07
PG&E’s ROE of 0.07 is lower than its Sector of 0.09 (-22.2% lower)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
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PG&E’s ROCE of 0.02 is lower than its Industry Group of 0.05 (-60.0% lower)
PG&E’s ROCE of 0.02 is lower than its Major Industry Group of 0.04 (-50.0% lower)
PG&E’s ROCE of 0.02 is lower than its Sector of 0.06 (-66.7% lower)