PG&E CORP
boothcheck covers PG&E CORP (PCG) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 28, 2026.
• PG&E is California's largest regulated utility, and like any utility it grows by investing in its rate base: a $73 billion five-year capital plan is the engine behind guided earnings growth of about 10% in 2026 and 9% a year through 2030. • The stock trades at a steep discount to other utilities, a P/E in the low teens against a sector near 20, and that gap is the market's standing charge for wildfire liability risk that peers do not carry. • The single most leveraged variable is California wi
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879 institutional managers reported holding PCG in 13F filings for the quarter ended 2026-03-31. Together they hold about 92% of the company; the top 10 hold 48%. 108 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 40.5M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PCG's share count grew 10.8% over the past five years. It pays a dividend, and has for 2 years running; the current rate is $1.82 a share annually. Cash returned over the past three years: $252.00M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at PCG over the trailing three years: 2025: 6 buys totaling $442k. 23 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PCG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | -1.3% | -8.7% |
| 2023-10-27 | -2.2% | +14.0% |
| 2024-02-23 | +1.5% | 0.0% |
| 2024-04-26 | +0.2% | +2.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PCG's latest 8-K filings: 2026-08-04 (items 8.01, 9.01); 2026-07-23 (items 2.02, 7.01, 9.01); 2026-06-23 (items 1.01, 8.01, 9.01); 2026-06-03 (items 8.01, 9.01); 2026-05-26 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.