PG&E Corp.

PG&E Corp.

PCG

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Market Cap$35.98B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
PG&E Corp.PG&E Corp.12.20.92%8%-0.1

Earnings Call Q1 2026

April 23, 2026 - AI Summary

Solid earnings momentum + guidance reaffirmed (good) - Core EPS: $0.43 for 1Q 2026, up $0.10 YoY. - Full-year 2026 core EPS guidance unchanged: $1.64–$1.66 (midpoint implies ~10% growth vs. 2025 and 5th consecutive year of double-digit core EPS growth). - 2027–2030 EPS growth guidance unchanged: ~9%+ annually.
Affordability progress is tangible, with continued “path to flat” messaging (good) - Electric rates lowered 5th time since Jan 2024 (rate cuts implemented March 1). - Since Jan 2024: bundled rates down 23% for the “most vulnerable” residential customers and down 13% for other residential customers (≈ $300 less per year). - Management frames this as line of sight to customer bill growth of ~0% to 3% (their “path to flat” destination).
Wildfire reform is the key swing factor for capital allocation & risk (biggest risk + challenge) - PG&E is encouraging progress from the CEA and California’s legislative phase, but repeatedly emphasizes a minimum outcome is required so investors can model the tail risk (wildfire liability reform). - If the state doesn’t deliver a sufficiently enabling package, management says it would require re-evaluating the entire capital allocation plan (including what shareholders may/ may not fund). - They cite “whole-of-society” solutions (liability limits/reform + hardening + possibly backstops), but insist status quo is not sustainable/affordable and that the package must be assessed as a whole.

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$22.63

Target Price by Analysts

34.3% upsidePG&E Target Price DetailsTarget Price
$-3.81

Current Fair Value

122.6% downside

Overvalued by 122.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$35.98 Billion
Enterprise Value$38.15 Billion
Dividend Yield$0.15 (0.92%)
Earnings per Share$1.18
Beta0.29
Outstanding Shares2,199,000,000

Return

Return on Equity7.51%ROE
Return on AssetsNaN%
Return on Invested Capital17.95%

Valuation & Multiples

P/E Ratio12.16P/E Ratio
PEG30.72PEG
Price to Sales-Price to Sales
Price to Book Ratio-0.36Price to Book Ratio
Enterprise Value to Revenue42.49
Enterprise Value to EBIT-17.82
Enterprise Value to Net Income12
Total Debt to Enterprise0.06
Debt to Equity0.06Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 23, 2026
EPS Estimate
$0.40
Average shareholder expectation
Revenue Estimate
$6.26 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 30, 2026
EPS Estimate
$0.37
Average shareholder expectation
Revenue Estimate
$6.12 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.5166 2.99%
Total Calls18,201,425 36.10%
Total Puts9,403,568 39.59%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %96.27% 1.52%
Total Invested$37.18B 7.57%
Investors Holding957 24.00%

ESG Score

No data

About PG&E Corp.

23,000 employees
CEO: Bill Smith

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the co...

Relevant Senate Committees

Joint Committee on Taxation

Provides critical analysis and scoring for all tax legislation, directly influencing corporate tax structures and capital investment credits which are vital for PG&E's financial planning.

Finance

Direct control over taxation and trade policy profoundly impacts PG&E's profitability, capital investment decisions, and overall valuation through corporate tax rates and energy credits.

Appropriations

Controls federal spending, which directly impacts potential funding for energy infrastructure projects, R&D, and resilience programs vital to PG&E's operations and capital expenditures.

Energy and Natural Resources

Direct oversight of national energy policy, the Department of Energy, and regulations impacting natural gas, electric, and nuclear sectors, critically affecting PG&E's core business.

Environment and Public Works

Direct regulatory oversight of nuclear power (Nuclear Regulatory Commission) and environmental impacts (EPA) are crucial to PG&E's operations and costs, affecting its natural gas and nuclear generation.