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PG&E Corp PCG Stock Quote

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NYSE:PCG

Morningstar‘s Stock Analysis PCG

Valuation
Currency in USD
Is it the right time to buy or sell?
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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

Fire Victim Trust Unloads Another 35 Million Shares of PG&E Stock, Capitalizing On Recent Rally

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $12.50 fair value estimate for PG&E after the Fire Victim Trust—created during PG&E's 2019-20 bankruptcy—reported it sold 35 million shares of PG&E stock on Oct. 27 at $14.77 per share. We are maintaining our no moat and stable moat trend ratings for PG&E.

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Key Statistics PCG

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Company Profile PCG

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 Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 26,000

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