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. We show 1 historical shares outstanding datapoints in our PCGU shares outstanding history coverage, used to compute PCGU market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PCGU market cap history over the course of time is important for investors
interested in comparing PCGU'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 PCGU versus a peer is one thing; comparing
PCGU 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 PCGU can fluctuate over the course of history.
With this page we aim to empower investors researching PCGU by allowing them to research the PCGU market cap history. |
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Video: The Importance of Market Cap
