PG&E Corporation (PCG) AI Stock Analysis

PG&E Corporation, operating through Pacific Gas and Electric Company, delivers electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California. Its power portfolio spans nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic facilities. As of December 31, 2021, the company manages about 18,000 circuit miles of interconnected transmission lines, 108,000 circuit miles of distribution lines, 33 electric transmission substations, and 753 distribution substations. Its natural gas network includes approximately 43,800 miles of distribution pipelines, 6,200 miles of backbone and local transmission pipelines, and related storage facilities.

PG&E Corporation expanded revenue from $20.64B in FY2021 to $24.93B in FY2025, reflecting a 5-year revenue CAGR of 6.2%. Profitability improved significantly over this span, rising from a net income of -$88.0M and a net margin of -0.4% in FY2021 to net income of $2.70B and a net margin of 10.8% in FY2025. Operating margin also widened from 10.4% in FY2021 to 19.6% in FY2025. Over the trailing twelve months, revenue reached $25.84B with an operating margin of 24.8% and net margin of 11.8%. For the latest quarter ended June 30, 2026, quarterly revenue growth was 0.1% year-over-year, while quarterly earnings grew 39.8%.

As of June 30, 2026, PG&E Corporation held $972.0M in cash and short-term investments against $64.70B in total debt, resulting in net debt of $63.73B and a debt-to-equity ratio of 1.91. Shareholders' equity stood at $33.90B and the current ratio was 1.22. In FY2025, operating cash flow reached $8.72B, but capital expenditures of $11.79B resulted in free cash flow of -$3.07B. Cash uses in FY2025 included $317.0M in dividends paid, alongside a 15.1% increase in share count over 5 years.

PG&E Corporation closed at $13.09 on October 16, 2026, giving it a market cap of $39.30B and an enterprise value of $102.57B. The stock trades at a trailing P/E of 9.5x and a forward P/E of 6.9x, both below the median of its S&P 500 Utilities peers of 21.0x and 16.0x, respectively. Its price-to-sales multiple of 1.5x and EV to EBITDA of 9.7x also sit below peer medians of 2.9x and 12.2x. Over the past year, PCG shares returned -19.6%, trailing the S&P 500 return of 16.8%, and its 5-year return of 19.4% lags the index return of 83.0%.

PG&E pays an annual forward dividend of $0.20 per share, delivering a dividend yield of 1.53%. The company distributes dividends on a quarterly schedule, backed by a modest payout ratio of 11.8%. It has paid dividends for 4 consecutive years, and its last ex-dividend date was September 30, 2026.

Wall Street sentiment includes 6 Strong Buy, 2 Buy, and 9 Hold ratings, with zero Sell or Strong Sell recommendations. The mean price target is $18.50, representing 41.3% upside compared to the last close of $13.09. For the fiscal year ending December 31, 2026, analysts estimate revenue of $26.06B and EPS of $1.65, representing 9.8% EPS growth. PG&E beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is October 22, 2026.

This page is an AI-written research summary of PG&E Corporation (PCG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: PCG income statement, PCG balance sheet, PCG key metrics, PCG analyst forecast, PCG chart. See the PCG stock overview for the latest quote and news.