As of early afternoon U.S. trading on Wednesday, November 26, 2025, PG&E Corporation (NYSE: PCG) is trading around $16 per share, up roughly 1.6% on the day after opening at $15.89 and touching an intraday low near $15.73. [1]
That bounce comes after recent weakness and lands the stock:
- About 26% below its 52‑week high near $21.72
- Roughly 23% above its 52‑week low around $12.97 [2]
Despite today’s gain, PG&E shares are still deeply underwater for 2025: AI-based analytics platform Danelfin pegs the stock at roughly ‑22% year‑to‑date and ‑26% over the last 12 months, even after a modest positive quarter. [3]
At the same time, new research notes, regulatory headlines and ESG stories are all hitting on November 26 – and together they paint a nuanced picture for investors watching PG&E today.
PG&E stock price today (November 26, 2025)
Key trading stats as of early afternoon on November 26, 2025: [4]
- Last price: about $15.98
- Day change: +~1.6% vs. previous close of $15.73
- Intraday range: roughly $15.73–$15.99
- Opening price:$15.89
- Volume: around 15–16 million shares mid‑session
- 52‑week range:$12.97–$21.72
On valuation metrics, PG&E trades at about 13x earnings with a PEG ratio under 1 (around 0.7), a beta near 0.6 (less volatile than the broader market), and a market cap roughly $35 billion. [5]
The company also pays a modest quarterly dividend of $0.025 per share (about $0.10 annually), which works out to a yield near 0.6% at current prices. [6]
New analyst and AI views on PG&E stock published today
1. MarketBeat: “Moderate Buy” consensus with upside into the low $20s
A new MarketBeat note dated November 26, 2025 reiterates that PG&E carries a “Moderate Buy” consensus from 15 Wall Street analysts: [7]
- Ratings mix: 7 Buy, 6 Hold, 2 Strong Buy
- Average 12‑month price target: about $20.64
- That implies roughly 30% upside from today’s ~$16 share price
MarketBeat also highlights:
- P/E ratio: ~13.2
- Dividend yield: ~0.6%
- Institutional ownership: ~78.6% of shares
- Balance sheet: debt‑to‑equity around 1.8, with current and quick ratios just under 1, consistent with a capital‑intensive regulated utility. [8]
Insider sentiment is mildly positive: director John O. Larsen recently bought 7,500 shares at around $15.96, increasing his stake by more than 70%, a small but visible vote of confidence. [9]
2. Zacks / Nasdaq: PG&E as a long‑term grid and clean‑energy play
A fresh Zacks Equity Research article, republished on Nasdaq today under the headline “Here’s Why PCG Stock Deserves a Spot in Your Portfolio Right Now”, leans bullish on PG&E’s long‑term story. [10]
Key points from that analysis include:
- PG&E is spending low‑teens billions of dollars in 2025 and planning about $73 billion of capital investments from 2026–2030, focused on grid hardening, wildfire mitigation, and clean energy infrastructure.
- Management is targeting high single‑ to low double‑digit annual earnings growth, supported by a growing regulated rate base and cost controls.
- The company aims for roughly 90% of its retail load to come from renewable and zero‑carbon resources by 2035, with hundreds of megawatts of battery storage already online.
The takeaway from Zacks: PG&E’s heavy capex and clean‑energy strategy could support meaningful earnings growth if regulators allow sufficient returns and wildfire risks remain manageable. [11]
3. TIKR and other forecast services: upside, but not without risk
A TIKR.com blog post published today under the title “PG&E Stock Prediction: Where Analysts See the Stock Going by 2027” aggregates Street forecasts and valuation modeling: [12]
- Average analyst target is around $21 per share, with estimates generally in the $18–$25 range.
- That implies roughly mid‑30% upside from current levels.
- Based on a forward earnings multiple and assumed mid‑single‑digit revenue growth, TIKR’s scenario analysis suggests high‑teens percentage price appreciation by 2027, or mid‑single‑digit annualized returns before dividends.
AI‑driven and technical platforms are more cautious in the short term:
- StockInvest.us currently tags PG&E as a “sell candidate” based on moving‑average crossovers and recent price weakness, even while its trend model still expects about 10% price appreciation over the next three months and sees a likely trading band between roughly $17–$19 at that horizon. [13]
- Stock Traders Daily published a November 26 note describing “weak near‑term sentiment” and a mid‑channel oscillation pattern for PCG. Their AI models highlight both long and short trading setups around current prices, including a high reward‑to‑risk short configuration – a reminder that quant traders see the stock as very tactical right now. [14]
The message from these services: fundamentals may look constructive, but the technical picture remains choppy, and near‑term volatility is very much in play.
Big regulatory story today: CPUC moves to trim PG&E’s allowed returns
The most important macro headline for California utilities on November 26 comes from a CalMatters story syndicated by GV Wire: the California Public Utilities Commission (CPUC) has issued a proposed decision to cut the allowed “return on equity” (ROE) for investor‑owned utilities, including PG&E. [15]
Highlights of the proposal: [16]
- The CPUC would reduce allowed ROE by 0.35 percentage points for PG&E, Southern California Edison and San Diego Gas & Electric.
- PG&E’s allowed ROE would drop from 10.28% to about 9.93% – the first time in roughly 20 years that PG&E and SCE would see allowed returns dip below 10%.
- Regulators argue it modestly reduces what customers ultimately pay, while utilities warn it could constrain their ability to attract capital to fund grid upgrades and wildfire mitigation.
The change may sound small, but for a company with a huge rate base, even a fraction of a percent on allowed returns can translate into tens or hundreds of millions of dollars in potential profit over time. That’s why:
- Consumer advocates say it’s only a baby step toward easing some of the highest power bills in the country.
- PG&E and other utilities argue the cut doesn’t fully reflect California’s elevated wildfire and policy risks and could hurt credit metrics. [17]
For PG&E shareholders, the CPUC’s December vote on this proposal is a key upcoming catalyst: a finalized lower ROE would slightly pressure long‑term earnings power, even as the company ramps investments in AI‑driven demand growth, undergrounding, and grid modernization.
Balance sheet & wildfire risk: Fitch upgrade back to investment grade
Offsetting some of that regulatory pressure, credit markets have been moving in PG&E’s favor. On September 26, 2025, Fitch Ratings upgraded PG&E’s credit to investment grade (BBB‑), six years after its 2019 bankruptcy. [18]
According to Bloomberg’s coverage of the move: [19]
- The upgrade was driven in part by California’s decision to add another $18 billion to the state wildfire insurance fund that supports utilities.
- Fitch also cited PG&E’s ongoing progress in mitigating wildfire risk, including system hardening and vegetation management.
An investment‑grade rating can:
- Lower borrowing costs on the billions PG&E needs to raise for capital projects.
- Improve the risk profile in the eyes of institutional investors.
However, the Fitch upgrade does not eliminate wildfire risk – it signals that, at current policy settings, the combination of the wildfire fund and PG&E’s mitigation work has brought that risk to a level consistent with BBB‑, not that it has disappeared.
Earnings and growth: PG&E’s fundamental story going into 2026
On the fundamental side, PG&E entered Q4 with decent operational momentum:
- A Reuters report from February 2025 details how PG&E raised its 2025 adjusted core earnings forecast to about $1.48–$1.52 per share, helped by higher electricity rates and an 8%+ decline in operating expenses in 2024. [20]
- The company reported rate base growth of roughly 10.5% in 2024 and added about 14,000 new customers, with a 2 GW increase in its data‑center pipeline, underscoring the demand tailwind from AI and electrification. [21]
More recently, PG&E’s Q3 2025 results beat earnings expectations but modestly missed on revenue, according to an earnings‑call summary from Investing.com:
- EPS: about $0.50, ahead of the ~$0.43 consensus
- Revenue: roughly $6.25 billion, slightly below forecasts near $6.41 billion [22]
That pattern – solid cost control and earnings, but a bit of top‑line softness – fits with PG&E’s broader strategy: grow regulated earnings through a larger rate base and efficiency, even as political pressure mounts to keep bills in check.
The company’s capital plan, plus the $73 billion AI‑centered grid build‑out reported in October, points to decades of potential growth projects, but all of it depends on regulatory approvals, allowed returns, and access to capital. [23]
ESG and community news featuring PG&E today
Not all of today’s PG&E headlines are about profits and rates. There are two notable environmental and community stories dated November 26, 2025:
1. $100,000 PG&E Foundation grant to a youth wellness and land‑stewardship project
A press release carried by Redheaded Blackbelt reports that the PG&E Corporation Foundation is awarding $500,000 in total grants to five community‑based organizations across Northern and Central California under its Better Together Nature Positive Innovation Grant program. [24]
One of those grantees, Sorrel Leaf Healing Center in Eureka, receives $100,000 to support:
- Cultural land stewardship and ecological restoration
- Youth mental‑health services for under‑resourced tribal communities
- Integration of traditional Native land‑management practices, including cultural burns and habitat restoration
PG&E emphasizes that the funds come from shareholders, not ratepayers, positioning the effort as part of its environmental and social commitment rather than a cost embedded in customer bills. [25]
2. Fish passage project with CalTrout opens up salmon habitat
Maven’s Notebook highlights a recent collaboration between California Trout (CalTrout) and PG&E that removed the last artificial barrier to fish passage on Alameda Creek, a key Bay Area tributary. [26]
- The project reconnects more than 20 miles of habitat for Chinook salmon and steelhead.
- Salmon have already been observed migrating above the former barrier as of mid‑November.
These kinds of projects can bolster PG&E’s ESG profile and relationships with regulators and communities, though they are financially small compared with its multibillion‑dollar capex and wildfire liabilities.
How today’s news stacks up for PG&E stock investors
Putting it all together, here’s what November 26, 2025, looks like for PG&E stock:
Bullish considerations
- Valuation & upside: At about 13x earnings, with an average 12‑month price target in the low $20s, many analysts see 30–35% upside from current levels if execution and regulation cooperate. [27]
- Improving credit story: Fitch’s move back to investment grade and a larger state wildfire fund reduce tail‑risk and financing costs. [28]
- Structural demand growth: Data centers, EVs and electrification are driving strong load and rate‑base growth, as highlighted in PG&E’s earnings and capital‑spending plans. [29]
- Technical long‑term trend: Despite short‑term weakness, some AI/technical services still model a rising trend over the next three months, with potential for double‑digit percentage gains from current levels. [30]
Bearish and risk factors
- Regulatory overhang: The CPUC’s proposed ROE cut – even if modest – directly trims allowed returns and underscores ongoing political pressure around high California power bills. [31]
- Wildfire and policy risk: Fitch’s upgrade doesn’t erase the possibility of future wildfire liabilities, policy shifts, or changes to the wildfire fund structure. [32]
- Recent price action: AI‑driven technical tools flag PG&E as a near‑term “sell candidate”, noting a string of down days and negative moving‑average signals, even if the three‑month outlook is higher. [33]
- Capital‑intensive path: The massive multiyear capex plan means PG&E will likely remain heavily reliant on debt and possibly new equity, keeping sensitivity to interest rates, credit spreads and regulatory decisions very high.
Key takeaways for PG&E (PCG) on November 26, 2025
- Price & performance: PG&E trades around $16, up ~1.6% today but still down sharply for the year and well below its 52‑week high. [34]
- Street view: The latest consensus remains a “Moderate Buy” with targets in the low $20s, suggesting meaningful upside if the company hits its growth and risk‑mitigation goals. [35]
- Regulation: A pending CPUC decision to trim allowed ROE is today’s biggest macro headline and could slightly compress long‑term earnings power. [36]
- Credit & growth: An investment‑grade upgrade from Fitch and a huge grid‑investment pipeline aimed at AI and electrification support the long‑term thesis, but require stable regulatory support. [37]
- ESG: Environmental grants and restoration projects show PG&E leaning into ESG narratives that may help with regulators and communities, even if the dollar amounts are small relative to its size. [38]
Important disclaimer: This article is for informational and news purposes only. It is not investment advice, an offer, or a recommendation to buy or sell any security. PG&E stock is exposed to significant regulatory, legal, environmental, and market risks. Always do your own research and consider speaking with a qualified financial adviser before making investment decisions.
References
1. pge.q4web.com, 2. pge.q4web.com, 3. danelfin.com, 4. pge.q4web.com, 5. www.marketbeat.com, 6. www.marketbeat.com, 7. www.marketbeat.com, 8. www.marketbeat.com, 9. www.marketbeat.com, 10. www.nasdaq.com, 11. www.nasdaq.com, 12. www.tikr.com, 13. stockinvest.us, 14. news.stocktradersdaily.com, 15. gvwire.com, 16. gvwire.com, 17. gvwire.com, 18. www.bloomberg.com, 19. www.bloomberg.com, 20. www.reuters.com, 21. www.reuters.com, 22. www.investing.com, 23. finance.yahoo.com, 24. kymkemp.com, 25. kymkemp.com, 26. mavensnotebook.com, 27. www.marketbeat.com, 28. www.bloomberg.com, 29. www.reuters.com, 30. stockinvest.us, 31. gvwire.com, 32. www.bloomberg.com, 33. stockinvest.us, 34. danelfin.com, 35. www.marketbeat.com, 36. gvwire.com, 37. www.bloomberg.com, 38. kymkemp.com
