Reading the tape
NYSE: PCG
PG&E Corporation
Utilities · Regulated Electric
Market Cap
$35.39B
52w High
$19.16
52w Low
$12.97
P/E
11.96
Volume
12.48M
Outstanding Shares
2.20B
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: -6.46%Revenue (TTM): 5.26%FCF (TTM): -141.4%P/E: 0th pct
What changed
The stock fell 6.46% over the last year. Revenue grew 5.26% over the trailing twelve months. Operating margin moved from 18.66% to 19.35%. Free cash flow declined 141.4% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower with no clear directional signal from operating metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 19.35%. A decisive move in revenue — currently up 5.26% — would be the clearest signal to resolve the ambiguity.
Company profile
PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers.
CEOPatricia Kessler Poppe
SectorUtilities
IndustryRegulated Electric
Employees28,410
IPO dateJun 1, 1972
Valuation
Forward P/E—
EV/EBITDA9.72
Enterprise value$95.93B
Stock splits
Jul 18, 1983↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth15.01%
Gross margin45.93%▼47.77%vs FY2024
Operating margin19.35%▲7.26%vs FY2024
ROE8.31%▼0.30%vs FY2024
Analyst consensus
RatingBuy
Target price$23.00▲43.12%
17
Buy
11
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 30, 2026
Q3 FY26 · EPS est $0.37 · Revenue est $6.15B
View
Dividends
$0.15/shareQuarterlyAt RiskPCG pays a dividend with a 0.93% dividend yield, covered -9.7× by free cash flow.
Dividend Yield
0.93%
Annual Div / Share
$0.15
5yr CAGR
-27%
Dividend has been cut
Payout Ratio
11.81%
At Risk
Dividend Growth Rate
3yr CAGR
-27%
5yr CAGR
-27%
10yr CAGR
-23.5%
Dividend Safety
5/10At Risk
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$0.13+127.3%
2024$0.06+450.0%
2023$0.01-99.4%
2017$1.55-19.5%
2016$1.93+5.8%
2015$1.82+0.0%
2014$1.82+0.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$9/yr
$1/mo
In 5 yrs
$9/yr
$1/mo
In 10 yrs
$9/yr
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$9/yr $1/mo | $9/yr $1/mo | $9/yr $1/mo |
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -9.69× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.
Dividend has been reduced
The 5-year dividend CAGR of -27% is negative, indicating the payout has been cut over this period.