PG&E Corporation

NYSE:PCG 株式レポート

時価総額：US$35.7b

PG&E 過去の業績

過去 基準チェック /46

PG&Eは、平均年間38.4%の収益成長を遂げていますが、 Electric Utilities業界の収益は、年間 成長しています。収益は、平均年間6.2% 5.5%収益成長率で 成長しています。 PG&Eの自己資本利益率は8.5%であり、純利益率は11%です。

主要情報

38.38%

収益成長率

37.55%

EPS成長率

Electric Utilities 業界の成長6.28%
収益成長率5.47%
株主資本利益率8.49%
ネット・マージン11.01%
前回の決算情報31 Mar 2026

最近の業績更新

Recent updates

ナラティブ更新 • Apr 29

PCG: Wildfire Policy Reform And Liability Reduction Will Drive Future Repricing

Narrative Update The analyst price target for PG&E is nudged higher to $22.84 from $22.63, as analysts factor in updated assumptions around revenue growth, profitability, and future P/E multiples, along with a series of recent target raises and a new bullish initiation. Analyst Commentary Recent research on PG&E shows a mix of optimism around risk reduction and earnings potential, alongside ongoing caution about regulatory outcomes and valuation.
ナラティブ更新 • Apr 11

PCG: Wildfire Policy Reform And Liability Reduction Will Drive Future Repricing

PG&E's analyst fair value estimate edges up by about $0.10 per share as analysts factor in updated wildfire policy developments, affordability considerations, and expectations that the stock's P/E discount could narrow with continued risk reduction. Analyst Commentary Recent Street research on PG&E points to a mix of optimism and caution, with several firms updating ratings and price targets as wildfire policy, affordability, and relative valuation stay in focus.
ナラティブ更新 • Mar 27

PCG: Wildfire Policy Reform And Liability Legislation Will Drive Future Repricing

PG&E's analyst price targets have edged higher, with the average fair value estimate moving from $22.40 to about $22.53 as analysts factor in updated views on wildfire policy, affordability, and potential changes to utility liability in California. Analyst Commentary Recent research shows a mix of optimism and caution around PG&E, with several firms adjusting ratings and targets as they reassess wildfire policy, affordability, and California utility regulation.
ナラティブ更新 • Mar 12

PCG: Wildfire Policy Reform And Liability Clarity Will Shape Future Returns

The analyst price target for PG&E has shifted modestly higher to $22.40, with analysts pointing to updated assumptions around wildfire policy risk, affordability, and a slightly higher future P/E multiple as key drivers of the change. Analyst Commentary Recent research has focused on how wildfire policy, affordability, and relative valuation tie into PG&E's updated price targets and ratings.
ナラティブ更新 • Feb 26

PCG: Cost Of Capital And Wildfire Mitigation Partnership Will Shape Future Returns

Analysts have nudged their average price target for PG&E to about $22.13 from $21.27. This reflects updated views on fair value, expected profitability and future P/E assumptions following recent Street research.
Seeking Alpha • Feb 18

PG&E Starting To Climb Out Of Valuation Pit

Summary Utilities have been performing strongly, with those recovering from wildfire damage claims outperforming the sector. PG&E reaffirmed its positive earnings and growth forecasts. Wildfire safety metrics are improving, but more action is needed by the state, with recommendations due April 1. The convertible preferred PCG.PR.X offers a way to obtain the common shares at a discount. Read the full article on Seeking Alpha
ナラティブ更新 • Feb 09

PCG: Cost Of Capital Decision Will Shape Future Returns Outlook

Analysts have raised their average price target for PG&E by US$1, citing updated assumptions around the California cost of capital decision, as well as modest adjustments to expected growth, margins, and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts point to the US$1 price target increase as a sign that updated cost of capital assumptions and modest changes to growth and margins still support their valuation framework for PG&E.
ナラティブ更新 • Jan 26

PCG: Cost Of Capital Decision Will Shape Future Earnings Power

Narrative Update Analysts have nudged their PG&E price target higher by about US$1 to roughly US$21.27. They cite updated assumptions for revenue growth, profit margins and future P/E following recent regulatory commentary on California utilities and cost of capital.
ナラティブ更新 • Jan 12

PCG: Data Center Demand And Grid Investment Cycle Will Drive Future Upside

PG&E's consensus analyst price target has recently shifted higher into the low $20s, with analysts pointing to sector-wide target resets, TD's view of a significant long term grid investment cycle tied to data center demand, and expectations that PG&E's current valuation does not fully reflect these themes, even as California cost of capital debates continue. Analyst Commentary Recent research highlights a split view on PG&E, with some analysts focused on long term grid investment tied to data center demand and others emphasizing regulatory risk around California's cost of capital.
ナラティブ更新 • Dec 26

PCG: Massive Transmission Spend Will Drive Data Center Power Demand Upside

Analysts have nudged their average price target for PG&E up to about $21.20. This reflects a slightly more optimistic view on long term revenue growth from data center driven demand and capital investment opportunities, partially offset by lower allowed returns on equity in California.
分析記事 • Dec 15

PG&E (NYSE:PCG) Is Increasing Its Dividend To $0.05

PG&E Corporation ( NYSE:PCG ) will increase its dividend from last year's comparable payment on the 15th of January to...
ナラティブ更新 • Dec 11

PCG: Massive Transmission Spend Will Support Data Center Driven Demand Upswing

Analysts modestly increased their price target for PG&E, citing the stock's persistent valuation discount despite top tier expected EPS and rate base growth, improving wildfire risk profile, and a once in a generation demand uplift from data centers, which together support potential multiple expansion toward the low $20s per share range. Analyst Commentary Bullish analysts highlight that PG&E is still trading at a sizable discount to the utility sector, even as expectations for rate base and EPS growth move toward the top end of the peer group.
ナラティブ更新 • Nov 27

PCG: Upcoming $73 Billion Transmission Spend Will Meet Surging Power Demand

PG&E’s analyst price target has increased to $21, up from $19.50. Analysts point to continued strong rate base and earnings growth potential, supported by elevated electricity demand and ongoing regulatory developments.
ナラティブ更新 • Nov 12

PCG: Future Power Demand From Data Centers Will Drive New Transmission Investments

PG&E’s average analyst price target has increased notably in recent weeks. Updated forecasts now range between $20 and $25 per share as analysts cite improving growth prospects, demand tailwinds from data centers, and constructive regulatory developments.
ナラティブ更新 • Oct 29

Surging Data Center Demand Will Drive Major Utility Infrastructure Upgrades

Analysts have raised PG&E's fair value price target from $20.69 to $21.23 per share, citing the company's positioning amid robust electricity demand, a positive regulatory environment, and ongoing upgrades to utility assets. Analyst Commentary Recent research from multiple firms highlights both positive momentum and lingering concerns for PG&E, shaping a nuanced outlook on the company's share price and future potential.
ナラティブ更新 • Oct 15

Robust California Data Centers Will Boost Grid Modernization

PG&E’s analyst fair value target has risen by approximately $0.30 to $20.69, as analysts cite improved profit margins, slightly higher revenue growth, and expectations for multiple expansion. These expectations are driven by ongoing operational improvements and positive regulatory developments.
ナラティブ更新 • Sep 19

Robust California Data Centers Will Boost Grid Modernization

PG&E’s consensus price target saw a slight downward revision to $20.39 as, despite legislative progress reducing near-term regulatory risks, ongoing wildfire liability uncertainties and affordability issues continue to temper investor sentiment. Analyst Commentary Improved legislative outlook with the passage and strengthening of wildfire fund-related bills has reduced near-term regulatory uncertainties and relieved concerns about shareholder funding requirements.
分析記事 • Sep 02

PG&E (NYSE:PCG) Use Of Debt Could Be Considered Risky

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • May 15

PG&E (NYSE:PCG) Seems To Be Using A Lot Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha • Apr 28

PG&E: An Unpopular Utility Is Improving Its Portfolio

Summary PG&E is improving its portfolio, cash flow, and shareholder returns despite high rates, wildfire risks, and capital costs. The company targets 9% annual EPS growth and plans to increase its dividend by 2028. A massive 8.7 GW datacenter pipeline will help spread transmission costs and stabilize customer bills. Heavy investment in infrastructure aims to modernize the grid, reduce wildfire risks, and drive long-term shareholder returns. Read the full article on Seeking Alpha
Seeking Alpha • Feb 20

PG&E Corporation: Robust Earnings Growth Outlook

Summary PG&E Corporation is transitioning from a low-growth utility to a high-growth company, driven by rising power demand and a 5.5GW data center pipeline. The fully funded $63 billion capex plan through 2028 supports a 10% CAGR in rate base and >9% earnings growth. Despite strong earnings growth prospects, PCG stock trades at a ~42% discount to peers, offering a potential 70% upside if valuation aligns with peers. Wildfire liabilities remain a risk, but active legislative engagement and strong execution on growth plans could mitigate these concerns. Read the full article on Seeking Alpha
Seeking Alpha • Feb 06

Investors Are Overly Discounting PG&E's Financial And Legal Protections

Summary There is press speculation that one of the Southern California fires, Eaton, may have been related to transmission equipment owned by SoCal Edison. California passed a bill called AB1054 which protects the state’s investor-owned utilities from these liabilities. PG&E is now trading slightly below 10x 2026 earnings, versus regulated utility peers trading above 15x. We believe PCG investors are overly discounting the financial and legal protections provided by AB 1054. Read the full article on Seeking Alpha
Seeking Alpha • Jan 07

PCG.PR.X: 6.00% Mandatory Convertible Preferred Stock IPO From PG&E Corporation

Summary PG&E Corp's new 6.00% Series A Mandatory Convertible Preferred Stock (PCG.PR.X) offers a cumulative annual dividend with a conversion clause based on the common stock price. PCG-X is currently trading at $50.11 with a Yield to Maturity of 5.92% but is overvalued compared to similar duration OTC bonds. PG&E's capital structure shows a poor coverage ratio, indicating a high risk for preferred shareholders if the company's reorganization falters. Conversion evaluation of PCG-X shows that at the moment there is no arbitrage with the common share. Read the full article on Seeking Alpha
Seeking Alpha • Dec 11

PG&E's New Convertible Preferred Offers Dual Benefit

Summary PG&E has a new series of 6% preferred stock that converts into common after three years. The conversion terms offer a potential 25% upside. There are more risks than with a conventional preferred. PG&E has been in an uptrend as its wildfire prevention efforts have succeeded for three straight fire seasons. Read the full article on Seeking Alpha
Seeking Alpha • Nov 08

PG&E: The Earnings Outlook Still Looks Good, Shares Undervalued

Summary PG&E remains a bargain with a trailing 12-month operating P/E of 14.6, a 23% discount to the sector, and a favorable PEG ratio. Despite wildfire risks and past bankruptcies, PG&E's valuation is compelling, with positive EPS trends and solid revenue growth projections. Technical analysis shows PG&E in an uptrend, targeting $22-$23, supported by a rising 200-day moving average and a bullish breakout. I maintain a buy rating on PG&E, expecting further gains into 2025 due to its undervaluation and strong financial outlook. Read the full article on Seeking Alpha
Seeking Alpha • Aug 28

PG&E Corporation: Likely To Benefit From Approvals And Project Expansion Into 2025

Summary PG&E Corporation reported a 13.16% YoY revenue growth in Q2 2024, raising its earnings guidance by 10% into 2025 and 9% annually through 2028. Despite strong financials and regulatory approvals, PG&E offers low shareholder returns compared to rivals, necessitating an increase in dividends to match industry peers. The CPUC's approval of net billing tariffs and higher customer payments will support PG&E's infrastructural plans and increased demand from EVs, AI, and data centers. PG&E's stock is slightly undervalued with a forward P/E ratio of 15.83X, indicating potential upside into 2025, making it a hold. Read the full article on Seeking Alpha
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新しいナラティブ • Aug 20

Steady Growth And Robust Infrastructure Investments Mark Bright Future For Utility Giant

PG&E's commitment to significant earnings growth and infrastructure investment supports a strong financial outlook, enhancing investor revenue predictability.

収支内訳

PG&E の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。

収益と収入の歴史

NYSE:PCG 収益、費用、利益 ( )USD Millions
日付収益収益G+A経費研究開発費
31 Mar 2625,8332,844-1820
31 Dec 2524,9352,593-1440
30 Sep 2524,7622,598-1880
30 Jun 2524,4532,351-1650
31 Mar 2524,5412,350-1770
31 Dec 2424,4192,475-1880
30 Sep 2424,8292,747-370
30 Jun 2424,7762,519-1670
31 Mar 2424,0802,405-1560
31 Dec 2324,4282,242-1460
30 Sep 2322,7571,836-2390
30 Jun 2322,2631,944-3550
31 Mar 2322,0911,894-4720
31 Dec 2221,6801,800-5870
30 Sep 2221,5561,759-5850
30 Jun 2221,627212-5580
31 Mar 2221,724253-5320
31 Dec 2120,642-102-5060
30 Sep 2120,144-374-4840
30 Jun 2119,561800-4620
31 Mar 2118,879-1,569-4390
31 Dec 2018,469-1,318-4160
30 Sep 2018,464-5,135-2060
30 Jun 2018,014-6,837-1490
31 Mar 2017,424-7,418-920
31 Dec 1917,129-7,656-1870
30 Sep 1916,474-10,912980
30 Jun 1916,423-8,729470
31 Mar 1916,714-7,160-30
31 Dec 1816,759-6,851-520
30 Sep 1816,771136-2910
30 Jun 1816,907122-1940
31 Mar 1816,9231,512-870
31 Dec 1717,1351,646-10
30 Sep 1717,7482,22400
30 Jun 1718,0412,06200
31 Mar 1717,9601,862-100
31 Dec 1617,6661,393-120
30 Sep 1617,12083500
30 Jun 1616,86075400
31 Mar 1616,90895000
31 Dec 1516,83387400
30 Sep 1516,97487100
30 Jun 1517,3631,37500

質の高い収益: PCGは 高品質の収益 を持っています。

利益率の向上: PCGの現在の純利益率 (11%)は、昨年(9.6%)よりも高くなっています。

フリー・キャッシュフローと収益の比較

過去の収益成長分析

収益動向: PCG過去 5 年間で収益を上げており、収益は年間38.4%増加しています。

成長の加速: PCGの過去 1 年間の収益成長率 ( 21% ) は、5 年間の平均 ( 年間38.4%を下回っています。

収益対業界: PCGの過去 1 年間の収益成長率 ( 21% ) はElectric Utilities業界8.3%を上回りました。

株主資本利益率

高いROE: PCGの 自己資本利益率 ( 8.5% ) は 低い とみなされます。

総資産利益率

使用総資本利益率

過去の好業績企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/07 01:04
終値2026/05/07 00:00
収益2026/03/31
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

PG&E Corporation 13 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。28

アナリスト機関
Jacob KilsteinArgus Research Company
Daniel FordBarclays
Nicholas CampanellaBarclays