PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. The company owns and operates interconnected transmission lines; electric transmission substations, distribution lines, switching and distribution substations; and natural gas transmission, storage, and distribution system consisting of distribution pipelines, backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. PG&E Corporation was incorporated in 1905 and is based in Oakland, California.
Future Catalysts | Anticipated investment grade credit rating upgrade in 2025 could reduce borrowing costs and improve investor sentiment, driving stock performance |
Valuation Opportunity | PG&E trades at a 34% discount compared to peers, with analysts setting price targets around $21-$22, suggesting potential for multiple expansion |
Regulatory Landscape | Explore how AB 1054 has reshaped PG&E's risk profile, potentially decreasing cost disallowances related to wildfire incidents |
Turnaround Trajectory | PG&E's financial outlook shows promise with projected EPS growth of 9.2% from 2024 to 2028, positioning it as a top performer in the utility secto |
Metrics to compare | PCG | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipPCGPeersSector | |
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P/E Ratio | 16.6x | 21.6x | 12.0x | |
PEG Ratio | −6.21 | 2.32 | 0.02 | |
Price / Book | 1.3x | 2.3x | 1.3x | |
Price / LTM Sales | 1.6x | 3.0x | 1.5x | |
Upside (Analyst Target) | 23.1% | 6.6% | 12.9% | |
Fair Value Upside | Unlock | −8.7% | 4.8% | Unlock |