PG&E Corp

PCG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$79.60	Gtnq	Hvdpbtmh

PG&E Earnings: Industry-Leading Growth Outlook on Track Going Into 2024

Travis Miller

Feb 23, 2024

We reaffirm our $15.50 per share fair value estimate for PG&E after the company reported $1.23 of core earnings per share in 2023. Earnings were up 12% from 2022, slightly above our estimate and at the top of management's guidance. We are maintaining our no-moat rating.

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