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PG&E Corp - Stock Quote PCG

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Morningstar's PG&E Corp Stock Analysis

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PG&E Turns In Another Steady Quarter; Planning to Raise Fair Value Estimate

Travis Miller Strategist

Analyst Note

| Travis Miller |

We plan to raise our fair value estimate for PG&E modestly after the company turned in another solid quarter of financial results and is positioned well for constructive regulatory outcomes in 2022, in our view. We are maintaining our no-moat and stable moat trend ratings.

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PG&E Corp's Company Profile

Business Description

PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.

Contact
77 Beale Street, P.O. Box 770000
San Francisco, CA, 94177
T +1 415 973-1000
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Classic Growth
Employees 26,000

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