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.
Growth Amidst Turmoil | PG&E projects strong EPS growth and rate base expansion, positioning it as a top performer in the regulated utility sector despite past challenges |
Valuation Disconnect | Despite peer-leading growth prospects, PG&E trades at a significant discount to comparable utilities, presenting a potential opportunity for investors |
Regulatory Landscape | Explore how AB 1054 has reshaped PG&E's risk profile, providing enhanced protections against wildfire liabilities and improving its regulatory environment |
Future Catalysts | Analyst price targets range from $21 to $22, with a potential credit rating upgrade to Investment Grade in 2025 serving as a key catalyst for stock appreciation |
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 | 15.6x | 16.9x | 12.2x | |
PEG Ratio | 1.63 | 0.10 | 0.02 | |
Price/Book | 1.3x | 2.2x | 1.3x | |
Price / LTM Sales | 1.6x | 2.1x | 1.4x | |
Upside (Analyst Target) | 26.2% | 15.3% | 16.4% | |
Fair Value Upside | Unlock | −11.2% | 5.2% | Unlock |