Pacific Gas & Electric Co. (PCG) Stock

Pacific Gas & Electric Co. (PCG) is a Utilities stock trading at $17.32 (as of 2026-07-17), with a market capitalization of $46.40B and a trailing P/E of 15.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Pacific Gas and Electric Company generates, transmits, distributes, and sells electricity and natural gas to customers in northern and central California. It produces electricity using nuclear, hydroelectric, fossil fuel-fired, and photovoltaic sources, and serves residential, commercial, industrial, and agricultural customers, including natural-gas-fired electric generation facilities.

Understand Pacific Gas & Electric Co.: how it makes money

Pacific Gas & Electric generates, transmits, distributes, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California, and it also develops a SmartMeter-integrated microgrid backup power transfer meter device, earning money primarily through electric and natural gas operating revenues.

The profit engine is a two-stream regulated utility mix, with electric operating revenues the dominant contributor and natural gas operating revenues the secondary stream (electric is larger than gas by value).

Revenue by segment (latest quarter)
Electric$5.0B
Gas$1.9B

Business quality (Solid): Clear operating revenue split between Electric and Natural gas, with electric accounting for most of the 6.9B total in the latest reported period, and an operating margin reported at 21.4%.

Valuation: At 13× earnings, PCG trades 39% below the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

  • Electric drives most revenue: Electric operating revenues are 4.97B versus 1.91B from natural gas in the latest reported period.
  • Broader service footprint: The company serves residential, commercial, industrial, and agricultural customers with both electricity and natural gas.

Bear case

  • Revenue concentration in electricity: Because electric operating revenues are larger than natural gas, performance is more exposed to what happens in the electric business.
  • Generation mix complexity: Electricity is generated using nuclear, hydroelectric, fossil fuel-fired, and photovoltaic sources, which can make electric operations sensitive to differences across these supply sources.
Valuation — source: SEC EDGAR (first-party)
Price$17.32
Market Cap$46.40B
P/E Ratio15.9
EV / EBITDA21.4
Price / Book1.39
Price / Sales1.86
FCF Yield-9.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$24.93B
Net Margin10.8%
Revenue Growth (YoY)2.1%
EPS Growth (YoY)1.7%
FCF Growth (YoY)31.6%
Financial Health — source: SEC EDGAR
Altman Z-Score0.53 (distress)
Valuation vs Sector & Industry
Stock P/E15.9
Sector P/E (Utilities)21.4
Industry P/E (Utilities)21.1
vs Sector-25.7%
vs Industry-24.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($4.25B)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorUtilities
IndustryUtilities
CEOPatricia Kessler Poppe
Employees28,410
CountryUS
IPO Date1972-06-01

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

  • Xcel Energy Inc. (XEL)
  • Exelon Corporation (EXC)
  • Consolidated Edison, Inc. (ED)
  • Public Service Enterprise Group Incorporated (PEG)
  • WEC Energy Group, Inc. (WEC)
  • Ameren Corporation (AEE)
  • CMS Energy Corporation (CMS)
  • NiSource Inc. (NI)
PCG earnings history · PCG institutional & insider holders · PCG KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.