PG&E (PCG)
Owner of Northern and Central California's regulated gas-and-electric utility.
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Owns Pacific Gas and Electric Company, which generates and delivers electricity and transports natural gas across Northern and Central California. Revenue and returns depend largely on approved rates, capital investment and wildfire-safety execution.
Owns Pacific Gas and Electric Company, a regulated utility serving Northern and Central California. Electric operations span generation, procurement, transmission and distribution, while gas operations cover procurement, transmission, storage and distribution for residential, commercial, industrial and agricultural customers.
Combines Diablo Canyon nuclear power, hydroelectric, gas-fired, solar and battery assets with electricity purchased from third parties. Grid investment centers on undergrounding, covered conductors, remote monitoring and power-line controls for wildfire mitigation, reliability and load growth.
Revenue and capital returns are set largely through rates authorized by the California Public Utilities Commission and Federal Energy Regulatory Commission. Wildfire mitigation, safety certification and cost recovery remain material dependencies; Diablo Canyon operation requires federal and state approvals.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 3, 2026 | Barclays | Reiterate | Rating: —Target: $23 | Target: $18 |
| Sep 3, 2026 | Mizuho Securities | Target | Target: $16 | Target: $14 |
| Sep 3, 2026 | Truist Financial | Target | Target: $21 | Target: $17 |
| Sep 3, 2026 | Truist Securities | Downgrade | ||
| Sep 1, 2026 | Bank of America Securities | Downgrade | Rating: — |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $972.0M · Total debt $64.70B · Total assets $145.08B · Shareholders' equity $33.90B
- Revenue
- $5.90B
- Operating income
- $1.26B
- Net income
- $761.0M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 71.64% | 2.11B shares | |
|---|---|---|---|
| 1,006 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.19% | 5.65M shares | |
| 24 holders · as of Sep 9, 2026 | |||
| Other | ≈ 28.17% | 829.38M shares | |
| remainder | |||
2.94B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (2.94B in the company's Sep 22, 2026 report, 2.68B elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 6.90% | 203.14M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.82% | 142.04M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.36% | 128.48M | as of Jun 30, 2026 |
FMR LLCInstitution | 4.06% | 119.56M | as of Jun 30, 2026 |
SteelMill Master Fund LPInstitution | 3.83% | 112.70M | filed Sep 4, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 4, 2026 | William Craig Fugate | director | −6,500 | $13.76 |
| Jul 22, 2026 | Marlene Santos | other: EVP, Enterprise Transformation | −158,250 | $18.00 |
| Jul 22, 2026 | Kerry Whorton Cooper | director | −1,250 | $18.00 |
| Jun 15, 2026 | Carla J. Peterman | officer: President, EVP Cust&Corp Afrs | −31,786 | $16.68 |
| Apr 28, 2026 | Patricia K. Poppe | director, officer: Chief Executive Officer | −31,250 | $16.39 |
- Edison International
CA closest IOU peer; same CPUC forum, AB 1054 fund, inverse-condemnation.
- Sempra
California gas + San Diego IOU; CPUC cost-of-capital co-filer with PG&E.
- Xcel Energy
Marshall Fire IOU; closest national analog to PG&E wildfire liability arc.
- NextEra Energy
Largest US IOU; capital-market benchmark for rate-base-growth investment thesis.
- Duke Energy
Largest US regulated capex; national peer for rate-base growth and nuclear.
- Southern Company
Southeast IOU; Plant Vogtle nuclear and gas LDC national capital-market peer.
- Exelon
Largest US regulated T&D utility; grid-hardening capex benchmark.
- Dominion Energy
Mid-Atlantic IOU; dividend rehabilitation benchmark for PCG post-bankruptcy.
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PG&E | $12.83 | −0.43% | $34.68B | 9.4 | 7.8 | 1.3 | +0.1% |
| Edison International | $55.05 | 0.00% | $21.14B | 5.7 | 8.8 | 1.1 | −4.1% |
| Sempra | $80.98 | −0.02% | $53.09B | 23.5 | 15.6 | 3.9 | −0.1% |
| Xcel Energy | $72.06 | 0.00% | $44.88B | 19.6 | 17.0 | 3.1 | −5.1% |
| NextEra Energy | $79.35 | +0.11% | $166.11B | 17.9 | 19.5 | 5.7 | +12.5% |
| Duke Energy | $116.16 | −0.13% | $91.01B | 17.5 | 17.2 | 2.7 | +1.1% |
| Southern Company | $85.21 | +0.08% | $98.31B | 20.6 | 18.2 | 3.3 | +0.1% |
| Exelon | $41.80 | 0.00% | $43.25B | 15.3 | 14.1 | 1.7 | +10.0% |
| Dominion Energy | $62.43 | 0.00% | $55.25B | 21.8 | 16.2 | 3.0 | +17.6% |
| Median | 18.7 | 16.6 | 3.0 | +0.6% |