PG&E Corporation (PCG) Stock Price & Analysis
PG&E Corporation (PCG) closed at USD 12.98 on Thursday, October 22, 2026, down 1.29% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 13.15; the Oct 22, 2026 session ranged USD 12.68–13.09 on volume of 59,131,209 shares. Market capitalization is $38.97B, with a 52-week range of USD 11.77–19.16 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 07:54 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PCG.md
Key facts (PCG)
- Last four reported quarters (through Sep 30, 2026): revenue $25.8B, net income $3.09B (12.0% margin), free cash flow -$4.98B (SEC filings).
- Valuation: P/E 12.6x (avg 15.8x at the last 3 fiscal year-ends), net debt $61.9B.
- 2 of 80 tracked superinvestors hold PCG (13F, Q2 2026): 0 new, 1 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 7 Form 4 filings, $4.8M; 1 not under a Rule 10b5-1 plan ($773K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $92K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.39 on a 1–5 scale) (18 analysts), mean target USD 17.5 (range 14–24).
- Total return with dividends: 1Y -19.3% vs S&P 500 +14.9%; 5Y +11.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 0.39, revenue estimate $7.42B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PCG)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $20.6B | $21.7B | $24.4B | $24.4B | $24.9B | $25.8B |
| Operating income | $1.88B | $1.84B | $2.67B | $4.46B | $4.75B | $5.21B |
| Net income | -$88.0M | $1.81B | $2.26B | $2.51B | $2.70B | $3.09B |
| EPS (diluted) | -$0.05 | $0.84 | $1.05 | $1.15 | $1.18 | — |
| Free cash flow | -$5.43B | -$5.86B | -$4.97B | -$2.33B | -$3.07B | -$4.98B |
| Operating margin | 9.1% | 8.5% | 10.9% | 18.3% | 19.0% | 20.2% |
| Net margin | -0.4% | 8.4% | 9.2% | 10.3% | 10.8% | 12.0% |
| Revenue growth | +11.8% | +5.0% | +12.7% | +0.0% | +2.1% | — |
| Cash + short-term investments | $291M | $734M | $635M | $940M | $713M | — |
| Total debt | $42.7B | $50.0B | $52.4B | $55.7B | $58.2B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Sep 30, 2026) (PCG)
P/E 12.6x · P/S 1.5x · EV/Sales 3.9x · P/B 1.1x · FCF yield -12.77% · Earnings yield 7.93% · Net debt $61.9B · EV $101B
P/E at fiscal year-ends: Dec 2025 13.1x, Dec 2024 17.2x, Dec 2023 17.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (PCG)
2 of 80 tracked investors hold PCG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| David Einhorn | Greenlight Capital | 2.85% | $112M | Unchanged |
| First Pacific Advisors | 0.25% | $19.7M | Added +0.9% |
Insider sales (SEC Form 4, open-market, last ~7 months) (PCG)
6 of 7 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-04 | Fugate William Craig | Director | 6,500 | $89K | 8.1% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-07-22 | Cooper Kerry Whorton | Director | 1,250 | $23K | 1.4% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-07-22 | Santos Marlene | 158,250 | $2.8M | 40.7% | Yes | Too little history (no open-market trades in 2023 or 2024) | |
| 2026-06-15 | Peterman Carla J | President, EVP Cust&Corp Afrs | 31,786 | $530K | 16.3% | Yes (adopted December 11, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-02 | Cooper Kerry Whorton | Director | 1,250 | $21K | 1.4% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-04-28 | Glickman Jason M | EVP, Strategy and Growth | 47,264 | $773K | 25.7% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-04-28 | Poppe Patricia K | Chief Executive Officer | 31,250 | $512K | 1.2% | Yes (adopted November 4, 2025) | Too little history (no open-market trades in 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (PCG)
1 purchase, $92K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-30 | Larsen John O | Director | 7,500 | $92K | 12.2 | Too little history (no open-market trades in 2023 or 2024) |
Analysts (PCG)
Consensus Buy (mean 2.39 on a 1–5 scale), 18 analysts; mean target USD 17.5 (low 14, high 24).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Morgan Stanley | Target raised | Equal-Weight | $20 → $21 |
| 2026-10-12 | Barclays | Target lowered | Overweight | $18 → $17 |
| 2026-10-12 | JP Morgan | Target lowered | Overweight | $18 → $17 |
| 2026-09-23 | UBS | Downgrade | Buy → Neutral | $19 → $14 |
| 2026-09-18 | Morgan Stanley | Target lowered | Equal-Weight | $22 → $20 |
| 2026-09-04 | B of A Securities | Target raised | Neutral | $13 → $14 |
| 2026-09-03 | Barclays | Target lowered | Overweight | $23 → $18 |
| 2026-09-03 | Mizuho | Target lowered | Neutral | $16 → $14 |
| 2026-09-03 | Truist Securities | Downgrade | Buy → Hold | $21 → $17 |
| 2026-09-02 | JP Morgan | Target lowered | Overweight | $25 → $18 |
| 2026-09-01 | B of A Securities | Downgrade | Buy → Neutral | $24 → $13 |
| 2026-08-31 | Wells Fargo | Downgrade | Overweight → Equal-Weight | $25 → $24 |
Total return (dividends reinvested) (PCG)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -19.3% | +11.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -19.4% | +2.2% |
| Volatility (annualized) | 36.2% | 27.4% |
| Max drawdown | -37.1% (Mar 2026→Sep 2026) | -42.1% (Nov 2024→Sep 2026) |
PCG revenue by product line (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Electric | $4.66B | 75.3% | -2.0% |
| Natural Gas, US Regulated | $1.53B | 24.7% | +2.2% |
| Total revenue | $6.19B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
PCG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $0.39 | $0.40 | -1.4% | $7.42B | 11 |
| Next quarter (ends Mar 2027) | $0.46 | $0.45 | +0.9% | $7.26B | 7 |
| Current fiscal year (ends Dec 2026) | $1.65 | $1.65 | +0.0% | $25.93B | 18 |
| Next fiscal year (ends Dec 2027) | $1.80 | $1.81 | -0.2% | $27.11B | 18 |
PCG options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 23, 2026 | 1 | 73.5% | ±3.1% |
| Oct 30, 2026 | 8 | 44.4% | ±5.3% |
| Nov 6, 2026 | 15 | 41.4% | ±6.8% |
| Nov 13, 2026 | 22 | 47.5% | ±9.3% |
| Nov 20, 2026 | 29 | 52.0% | ±11.7% |
| Nov 27, 2026 | 36 | 50.2% | ±12.6% |
| Dec 18, 2026 | 57 | 49.6% | ±15.7% |
| Jan 15, 2027 | 85 | 47.4% | ±18.2% |
30-day implied volatility 47.2% vs 26.7% realized over the last 30 trading days. Put/call ratio (volume) 0.15. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 07:54 UTC)
| Price | USD 12.98 |
|---|---|
| Change | ▼ 1.29% (down) |
| Previous Close | USD 13.15 |
| Open | USD 12.9 |
| Day Range | USD 12.68 – 13.09 |
| 52-Week Range | USD 11.77 – 19.16 |
| Volume | 59,131,209 shares |
| Market Cap | $38.97B |
| Exchange | NYQ |
Technical Analysis (PCG)
Nexqual's technical model rates PCG "SELL" based on 1 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 07:54 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 44.83 (neutral) |
| vs SMA50 | Below (USD 14.22) |
| MACD | -0.19 (negative) |
Analyst Ratings (PCG)
Wall Street analysts rate PCG "Buy" based on 18 analysts, with a mean price target of USD 17.5 (range USD 14–24), per Nexqual as of October 23, 2026 at 07:54 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 18 |
| Mean Target | USD 17.5 |
| High Target | USD 24 |
| Low Target | USD 14 |
| Buy / Hold / Sell | 9 / 9 / 0 |
Earnings (PCG)
| Next Earnings Date | 2026-10-22 |
|---|---|
| EPS Estimate | USD 0.39 |
| Revenue Estimate | $7.42B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 0.41 vs est 0.42 ▼ miss |
| 2026-06-30 | USD 0.4 vs est 0.36 ▲ beat |
| 2026-03-31 | USD 0.43 vs est 0.4 ▲ beat |
| 2025-12-31 | USD 0.36 vs est 0.36 ▼ miss |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Financials & Fundamentals (PCG)
| Total Revenue | $25.84B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +0.10% |
| Gross Margin | +39.82% |
| Operating Margin | +24.79% |
| Profit Margin | +11.83% |
| ROE | +9.32% |
| Debt / Equity | 1.89 |
| Current Ratio | 1.22 |
| Total Cash | $972.00M |
| Total Debt | $64.70B |
| Free Cash Flow (last four quarters to Sep 2026, SEC 10-Q / 10-K) | -$4.98B (-19.3% of revenue) |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Financial Health Score (PCG)
Nexqual rates PG&E Corporation's overall financial health "Weak" across five dimensions, as of October 23, 2026 at 07:54 UTC.
| Growth | Mixed — Revenue +2.1% YoY (annual), slow |
|---|---|
| Profitability | Solid — Gross margin 40%, operating 25% (last 12 months) |
| Balance Sheet | Weak — $902M cash and investments vs $62.8B debt (Sep 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$4.98B (last 4 quarters to Sep 2026, SEC), burning cash |
| Efficiency | Mixed — ROE 9%, ROA 2.6% |
Ownership (PCG)
| Insider Ownership | +0.35% |
|---|---|
| Institutional Ownership | +104.25% |
| Shares Outstanding | 2.20B |
| Float | 2.08B |
| Short % of Float | +1.66% |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Leadership (PCG)
PG&E Corporation is led by Patricia Kessler Poppe, CEO & Director, per Nexqual as of October 23, 2026 at 07:54 UTC.
| CEO & Director | Patricia Kessler Poppe |
|---|---|
| CFO & Executive VP | Carolyn J. Burke |
| Executive Vice President of Strategy & Growth | Jason M. Glickman |
| President & Executive VP of Customer & Corporate Affairs | Carla J. Peterman |
Major Backers & Investors (PCG)
Notable institutional backers of PG&E Corporation include FMR, LLC, Massachusetts Financial Services Co., AQR Capital Management, LLC, according to Nexqual as of October 23, 2026 at 07:54 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 4.46% |
| Massachusetts Financial Services Co. | 3.79% |
| AQR Capital Management, LLC | 3.22% |
| Investment Co of America | 1.64% |
| SELECT SECTOR SPDR TRUST-State Street Utilities Select Sector SPDR ETF | 1.45% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 9.44% |
| BlackRock | 7.58% |
| State Street | 4.79% |
| Geode Capital | 2.5% |
| Deutsche Bank AG | 1.5% |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
From PG&E Corporation's Latest SEC 10-K Filing (filed 2026-02-12)
Partnerships
- The CPUC can impose penalties of up to $100,000 per day, per violation.
- The FERC has authority to impose fines of up to $1 million per day for violations of certain federal statutes and regulations.
Legal & Regulatory Risks (Item 1A, quoted)
- The Utility's ratemaking and cost recovery proceedings may not authorize sufficient revenues, or the Utility's actual costs could exceed its authorized or forecasted costs.
- The Utility is subject to extensive regulations and enforcement proceedings in connection with compliance with regulations, which could result in penalties.
- The Utility has been and could in the future be subject to regulatory or governmental enforcement actions with respect to its compliance with such rules.
- The Utility is a target of a number of investigations, in addition to certain investigations in connection with wildfires, which could result in enforcement actions.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ED | Consolidated Edison, Inc. | USD 116.26 | ▲ 3.97% |
| PEG | Public Service Enterprise Group | USD 72.72 | ▲ 2.42% |
| WEC | WEC Energy Group, Inc. | USD 112.15 | ▲ 3.36% |
| EXC | Exelon Corporation | USD 44.85 | ▲ 4.18% |
| XEL | Xcel Energy Inc. | USD 78.9 | ▲ 2.76% |
| ETR | Entergy Corporation | USD 108.19 | ▲ 1.99% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 07:54 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt