PG&E Corporation is a holding company. Co.'s primary operating subsidiary is Pacific Gas and Electric Co. (the Utility), which operates in northern and central California. The Utility is 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 area in northern and central California to residential, commercial, industrial, and agricultural customers. The Utility provides electricity, transmission, and distribution services in its service area. We show 61 historical shares outstanding datapoints in our PCG shares outstanding history coverage, used to compute PCG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PCG market cap history over the course of time is important for investors
interested in comparing PCG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PCG versus a peer is one thing; comparing
PCG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PCG can fluctuate over the course of history.
With this page we aim to empower investors researching PCG by allowing them to research the PCG market cap history. |
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Video: The Importance of Market Cap
