On Sept. 30, PG&E filed with California utilities regulators a 10-year plan to underground 5,000 miles of electric distribution lines, primarily in high fire-risk areas, for $16.6 billion on an inflation-adjusted basis.
California's core utility ratemaking structures are constructive, with usage-decoupled revenue, annual rate true-up adjustments, and forward-looking rate-setting.
PG&E depends almost entirely on regulators to approve rate hikes to ensure its large investment plan results in earnings growth.
|
Metric
|
PCG
|
SRE
|
EIX
|
|---|---|---|---|
Price/Earnings (Normalized) | 7.77 | 16.08 | 7.75 |
Price/Book Value | 1.22 | 1.63 | 1.22 |
Price/Sales | 1.14 | 3.93 | 1.10 |
Price/Cash Flow | 3.26 | 8.80 | 2.76 |
|
Metric
|
PCG
|
SRE
|
EIX
|
|---|---|---|---|
Quick Ratio | 0.94 | 0.09 | 0.28 |
Current Ratio | 1.22 | 1.64 | 0.66 |
Interest Coverage | 1.74 | 1.87 | 3.72 |
|
Metric
|
PCG
|
SRE
|
EIX
|
|---|---|---|---|
Return on Assets (Normalized) | 2.72% | 3.04% | 2.60% |
Return on Equity (Normalized) | 12.36% | 10.48% | 14.64% |
Return on Invested Capital (Normalized) | 6.27% | 5.66% | 6.05% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| NextEra Energy Inc
NEE
| LOCK|C>gzg@#f | LOCK|N@T# | $161B | |||
| Southern Co
SO
| LOCK|sLQ&##R& | LOCK|HFsd | $99B | |||
| Duke Energy Corp
DUK
| LOCK|pT^<P> | LOCK|^#&r! | $91B | |||
| National Grid PLC ADR
NGG
| LOCK|sG>RV^ | LOCK|b^g$ | $76B | |||
| American Electric Power Co Inc
AEP
| LOCK|k#q!!#@ | LOCK|d!!V# | $67B | |||
| Dominion Energy Inc
D
| LOCK|Y#%<Xg! | LOCK|z$@$ | $54B | |||
| Entergy Corp
ETR
| LOCK|!Nv#^G | LOCK|>SHS | $49B | |||
| Xcel Energy Inc
XEL
| LOCK|zyn!fW | LOCK|%&mp? | $46B | |||
| Exelon Corp
EXC
| LOCK|<&V>Pkr | LOCK|NJ^r | $43B |
United States