Professional
Added to YB: 2025-02-14
Pitch date: 2025-02-04
PCG [bullish]
PG&E Corporation
-0.62%
current return
Author Info
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Company Info
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.
Market Cap
$33.6B
Pitch Price
$15.25
Price Target
N/A
Dividend
0.65%
EV/EBITDA
9.94
P/E
14.18
EV/Sales
3.87
Sector
Electric Utilities
Category
value
Third Point Portfolio Holding: PG&E Corporation
PCG: Trading at 10x 2026E vs peers 15x. AB1054 protects utilities from wildfire liabilities if safety standards met. PG&E spending $18B on mitigation 2023-25. $21B insurance fund covers liabilities. Undergrounding advocated to eliminate risk. Investors overdiscounting AB1054 protections. Clarity expected in coming weeks.
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