Skip to Content
Morningstar
  • Get 7 Days Free

PG&E Corp - Stock Quote PCG

Morningstar Rating
Rating as of

Morningstar's PG&E Corp Stock Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Utility Selloff Now Has Sector Trading in Line With Our Fair Value Estimates

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our fair value estimates and moat ratings for the U.S. utilities we cover after the median utility in our coverage now trades in line with our fair value estimate, after the Morningstar US Utilities Sector Index declined 12% since Wednesday, June 8.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics - PCG

More

PG&E Corp's Company Profile

Business Description

PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.

Contact
77 Beale Street, P.O. Box 770000
San Francisco, CA, 94177
T +1 415 973-1000
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Classic Growth
Employees 26,000

PG&E Corp's Related News

Stock Analyst Update

PG&E Turns In Another Steady Quarter

We continue to value PG&E at a significant discount to other regulated utilities because of the multiple risks it faces, including political, regulatory, and environmental.
Travis Miller
Market Update

Markets Brief: Investors Pushing for More Proxy Wins

Banks and pharmaceutical companies face a wave of shareholder proposals. Netflix shares plunge as United, Delta, and American rise.
Jakir Hossain
Stock Analyst Update

PG&E Affirms Dividend Likely Coming Next Year

We continue to believe PG&E has some of the best growth prospects among U.S. utilities.
Travis Miller
Stock Strategist Industry Reports

California Utilities Are Worth Another Look

Our top pick among the state's utilities offers a strong combination of value, growth, and yield.
Travis Miller
US Videos

3 Utilities at Risk

Regulatory hurdles may prevent these companies from capitalizing on Biden's infrastructure push.
Morningstar
Stock Strategist Industry Reports

4 Utilities Positioned Well for Biden's Infrastructure Overhaul

Here's how regulation can dictate their growth and valuation.
Andrew Bischof
Stock Strategist Industry Reports

Utilities Have Rarely Been This Attractive

We see the best values in high-quality gas utilities.
Travis Miller
Fund Spy

Digging Into Fidelity Contrafund

We reveal how the fund’s underlying holdings stack up on 11 measures of equity-related risk.
Amy C. Arnott
Quarter-End Insights

Clean Energy Provides Growth in Utilities Sector

We expect the incoming Biden administration to speed up investment in renewable energy.
Travis Miller
Stock Strategist

3 Undervalued Western Utilities

Record-breaking fires are causing the market to overestimate the companies' financial risks.
Travis Miller
US Videos

4 Stocks With Sluggish Dividend-Growth Potential

These utilities will struggle to increase their dividends.
Morningstar.com
Stock Strategist Industry Reports

Utility Dividend Leaders and Laggards

In a post-pandemic world, most utilities’ dividends offer investors an attractive income alternative.
Andrew Bischof
Stock Strategist Industry Reports

3 Things for U.S. Utilities Investors to Watch

Valuation, growth capital expenditure, and renewable energy are top of mind.
Andrew Bischof
US Videos

How Regulatory Environments Affect Utilities

Constructive regulatory environments can foster growth.
Andrew Bischof
US Videos

How We View PG&E Amid Bankruptcy

By the end of the year, we expect a decision out of the bankruptcy court on the Northern California utility.
Travis Miller
Stock Analyst Update

Fire Raises Questions for Courts, PG&E Shareholders

We are cutting our fair value estimate and reaffirming our very high uncertainty and no-moat ratings.
Travis Miller
Fund Spy

A Simple Yet Well-Executed Approach to Dividend-Paying Stocks

At Silver-rated T. Rowe Price Equity Income, yield, valuation, quality of management, and company fundamentals all matter.
Katie Rushkewicz Reichart
US Videos

The Best Opportunity Among California Utilities

PG&E, Edison International, and Sempra Energy have been in the news lately. Here's our top pick of the bunch.
Travis Miller
US Videos

Why PG&E Isn't Worth Zero

Uncertainty is high, but regulatory interest in creating a healthy utility with access to the capital markets means shareholders won't be wiped out in bankruptcy.
Travis Miller
Stock Analyst Update

Shareholder Value Could Still Exist at PG&E

As the utility heads into bankruptcy, we still think shareholders won't be left empty-handed.
Travis Miller