PG&E Corp

PCG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$81.20	Dbwl	Xnpdjpbz

PG&E Earnings: Another Steady Quarter as Dividend Creeps Closer

Travis Miller

May 4, 2023

We are reaffirming our $13.50 per share fair value estimate for PG&E after the company reported $0.29 per share of core earnings during the first quarter of 2023, mostly flat from last year. We are maintaining our no-moat and stable moat trend ratings.

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