PG&E Corp

PCG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$37.70	Phsny	Tzldprsx

PG&E Earnings: Investment Plan Supports Sector-Leading Growth

Travis Miller

Aug 5, 2024

We reaffirm our $16.50 per share fair value estimate for PG&E after the company reported $0.69 of core earnings per share in the first half of the year, up from $0.59 during the same period in 2023 after adjusting for the general rate-case decision late last year. Results are on track to meet our full-year EPS forecast, at the high end of management's $1.33-$1.37 guidance. We are maintaining our no-moat rating.

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