PG&E is a holding company that conducts its business through Pacific Gas and Electric Company (Utility), a public utility engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electric transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial, and agricultural customers. The Utility provides natural gas transportation services to small commercial and residential customers and to industrial, commercial, and natural gas-fired electric generation facilities that are connected to the Utility's gas system in its service territory. More details about PG&E at:
http://www.pgecorp.com.
ETFs holding PCG »
Should PG&E shares be counted among the
Top 10 Cheap Utilities Stocks? To start, we see that the recent trading price for PCG stock is $17.73 (as of 5/7/2024). The most recent quarter's (MRQ) earnings result, annualized, was $1.48/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, PG&E produced $1.31/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $1.2/share. Comparing these various earnings metrics against the stock price, we end up with a PE ratio of 14.8 for the TTM Median method, 12.0 for price to earnings using MRQ annualized, and 13.5 for current price/TTM earnings. Based on PCG's history, that recent TTM PE is elevated relative to the historical average, with the recent PE 8.0% higher than the average (TTM method) of 12.5.