PCG

PG&E Corp.

Utilities, Energy


Presented:10/09/2020
Price:$10.76
Cap:$20.89B
Current Price:$20.41
Cap:$43.63B

Presented

Date10/09/2020
Price$10.76
Market Cap$20.89B
Ent Value$29.36B
P/E RatioN/A
Book Value$6.70
Div Yield0%
Shares O/S1,941.47M
Ave Daily Vol22,656,580
Short Int6.00%

Current

Price$20.41
Market Cap$43.63B
PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: Avista Corp (AVA), Edison International (EIX), FirstEnergy Corp (FE), Hydro One Ltd (H CN), NextEra Energy Inc (NEE), NorthWestern Corp (NWE), PG&E Corp (PCG), Sempra Energy (SRE)

Highlights

The presenter is long several pure-play regulated utilities, including PG&E (PCG), as he believes some high profile companies working through negative developments have resulted in the sector falling out of favor. Due to the regulatory structure of these companies, he finds the business models to be extremely low-risk, and expects some of the out-of-favor utilities to return to historic multiples of ~20x earnings in the coming quarters/years. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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