PG&E (PCG) stock
Utilities · Multi-Utilities
PG&E (PCG) is a Multi-Utilities company in the Utilities sector, headquartered in Oakland, California. As of October 23, 2026, PCG closed at $12.63, a market capitalization of $37.92 billion, the 283rd largest company in the S&P 500. Over the last twelve months it generated $25.77 billion in revenue (-1% year over year) and -$4.26 billion in free cash flow. The stock trades at 9.4x trailing earnings and 7.0x forward earnings.
- 1-year total return: -21.5% (dividends reinvested)
- 5-year return: +1.6% a year
- 52-week range: $11.77 – $19.16
- Gross margin 40.6%, operating margin 23.6%
- Dividend yield: 1.58%, 1 straight years of increases
- FI Handbook report card: C- across 10 metrics
- 13th largest of 31 Utilities stocks in the S&P 500
PCG price chart
1Y price change: -22.5% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| PCG | +2.2% | -20.6% | -21.5% | -6.4% | +1.6% | -14.0% | +5.0% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1972.
PCG key statistics
- Market cap
- $37.9B
- #283 in S&P 500
- P/E (TTM)
- 9.4x
- Forward P/E
- 7.0x
- EPS (TTM)
- $1.35
- Revenue (TTM)
- $25.8B
- -1%
- Free cash flow
- -$4.3B
- Gross margin
- 40.6%
- Operating margin
- 23.6%
- Return on equity
- 8.9%
- Dividend yield
- 1.58%
- 52-week range
- $11.77 – $19.16
- Beta
- 0.28
- Price / sales
- 1.5x
- EV / EBITDA
- 8.8x
- Debt / equity
- 1.88x
- Employees
- 29,010
PCG report card
C-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-1.0%F
- Gross margin40.6%B
- Operating margin23.6%B
- FCF margin-16.5%F
- Return on equity8.9%D
- Net debt / EBITDA6.0xF
- Forward P/E7.0xA
- PEG ratio0.6xA
- Shareholder yield1.6%C
- Share count change / yr11.9%F
Pacific Gas & Electric financials
Revenue went from $17.7B in fiscal 2016 to $24.9B in fiscal 2025, growing 3.9% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.7B | $17.1B | $16.8B | $17.1B | $18.5B | $20.6B | $21.7B | $24.4B | $24.4B | $24.9B |
| Operating income | $2.1B | $2.9B | -$9.7B | -$10.1B | $1.8B | $1.9B | $1.8B | $2.7B | $4.5B | $4.7B |
| Net income | $1.4B | $1.7B | -$6.8B | -$7.6B | -$1.3B | -$88.0M | $1.8B | $2.3B | $2.5B | $2.7B |
| EPS (diluted) | $2.78 | $3.21 | $-13.25 | $-14.50 | $-1.05 | $-0.05 | $0.84 | $1.05 | $1.15 | $1.18 |
| Free cash flow | -$1.3B | $336.0M | -$1.8B | -$1.5B | -$26.8B | -$5.4B | -$5.9B | -$5.0B | -$2.3B | -$3.1B |
| Dividends paid | $921.0M | $1.0B | $0 | $0 | — | — | $0 | $0 | $86.0M | — |
| Diluted shares | 501.0M | 513.0M | 517.0M | 528.0M | 1.3B | 2.0B | 2.1B | 2.1B | 2.1B | 2.2B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into PCG?
A reverse DCF asks what growth the current price requires. With an enterprise value of $102.5B and -$4.3B of trailing free cash flow, Pacific Gas & Electric needs to grow free cash flow at a rate outside our model for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 10.7x vs. median 16.3x (10th–90th percentile 11.9x–26.7x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
PCG dividend
- Dividend yield
- 1.58%
- Annual dividend
- $0.20
- Years of increases
- 1
- 5-yr dividend growth
- -47.2%
- per year
- Payout ratio
- 15%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
PCG analyst price targets
17 analysts' average 12-month target is $17.56 (+39% vs. $12.63). Targets range from $14.00 to $24.00. 50% rate it a buy.
PCG earnings
Next report: February 11, 2027.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 22, 2026 | $0.42 | $0.41 | -2.1% |
| Jul 23, 2026 | $0.36 | $0.40 | +11.6% |
| Apr 23, 2026 | $0.40 | $0.43 | +8.8% |
| Feb 12, 2026 | $0.36 | $0.36 | -1.1% |
| Oct 23, 2025 | $0.43 | $0.50 | +17.3% |
| Jul 31, 2025 | $0.32 | $0.31 | -1.9% |
| Apr 24, 2025 | $0.34 | $0.33 | -3.0% |
| Feb 13, 2025 | $0.31 | $0.31 | +0.1% |
Stocks like PCG
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 NEE NextEra Energy | +0.24% | +1% | $172.2B | 14.8x | Compare |
 D Dominion Energy | -0.31% | +12% | $57.3B | 22.6x | Compare |
 SRE DBA Sempra | -0.84% | -6% | $55.0B | 24.3x | Compare |
 XEL Xcel Energy | -1.08% | +0% | $48.8B | 21.4x | Compare |
 ED Consolidated Edison | -0.45% | +19% | $42.8B | 19.1x | Compare |
 AEE Ameren | -0.83% | +7% | $29.9B | 19.0x | Compare |
 DTE DTE Energy | -0.88% | -4% | $27.4B | 20.9x | Compare |
 CNP CenterPoint Energy, Inc (Holdin | -0.32% | +6% | $27.1B | 24.3x | Compare |
PCG news
- PG&E: 3 Key Takeaways for Long-Term Investors · Oct 23, 2026
- PG&E needs wildfire policy reform to manage tail risk, CEO says · Oct 23, 2026
- What Is PG&E (PCG) Saying About A $22.5 Billion San Francisco Grid Takeover? · Oct 23, 2026
- Pacific Gas & Electric Q3 Earnings Call Highlights · Oct 22, 2026
- PG&E (PCG) Q3 2026 Earnings Call Transcript · Oct 22, 2026
PCG stock FAQ
What is PCG's market cap?
PG&E's market capitalization is $37.92 billion as of October 23, 2026, ranking 283rd in the S&P 500.
What is PCG's P/E ratio?
PCG trades at a trailing price-to-earnings ratio of 9.4x and a forward P/E of 7.0x. Its median P/E over the period we track is 16.3x.
Does PCG pay a dividend?
Yes. PG&E pays $0.20 per share a year, a 1.58% yield. It has raised its dividend 1 years in a row. Dividends fell 47.2% a year over the last five years.
How much has PCG stock returned?
Including reinvested dividends, PCG returned -21.5% over one year, +1.6% a year over five years, -14.0% a year over ten years through October 23, 2026.
What is the PCG price target?
17 analysts cover PCG with an average 12-month price target of $17.56, +39% from the current price. 50% of them rate it a buy.
When does PCG report earnings?
PG&E is expected to report earnings on February 11, 2027.
How many employees does PG&E have?
PG&E has about 29,010 full-time employees, or $888,487 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology