PG&E Corporation is a publicly traded holding company that primarily operates through its subsidiary, Pacific Gas and Electric Company
The company is engaged in the delivery of electricity and natural gas to residential, commercial, and industrial customers across Northern and Central California. PG&E is focused on providing reliable energy services while promoting sustainability and environmental stewardship. The company is also involved in various initiatives aimed at enhancing grid resilience and expanding renewable energy sources, contributing to a cleaner energy future for the communities it serves.
Dan Loeb's Third Point LLC reduced stakes in tech, software & other sectors in 2024. Still holds largest share in utility co. PCG. Also cut shares in AMZN & MSFT while raising in 2024. AMZN stock up 40.51% in 2024 while MSFT up 2.4%. PCG reports Q4 results on Feb 13, 2025.
The Los Angeles area is bracing Tuesday for another stretch of "extreme fire weather" as the National Weather service issued a "Particularly Dangerous Situation" red flag warning for Southern California.
A destructive wildfire is raging through the Pacific Palisades section of Los Angeles on Wednesday and more than 30,000 people have been forced to evacuate the area.
Billionaire Dan Loeb's top stock holdings have performed well in the second half of 2024, with Pacific Gas & Electric Co. and Bath & Body Works, Inc. showing growth. PG&E's expected EPS growth and recent equity raise make it a promising investment, while BBWI has also seen an increase in share price and exceeded earnings expectations.
