PG&E Stock: Is PCG Underperforming the Utilities Sector?

Company Overview - PG&E Corporation (PCG) is valued at $35.4 billion and operates in the utilities sector, providing electricity and natural gas to customers in northern and central California. The company generates electricity from various sources including nuclear, hydroelectric, fossil fuel, and photovoltaic [1]. Market Position - PCG is classified as a large-cap stock, with a market capitalization exceeding $10 billion, indicating its significant size and influence in the utilities sector [2]. Stock Performance - PCG stock has experienced a decline of 25.3% from its 52-week high of $21.20 reached on December 3, 2024. Over the past three months, the stock has gained 3.7%, which is lower than the 5% increase of the Utilities Select Sector SPDR Fund (XLU) during the same period [3]. - Year-to-date, PCG's stock has dropped 21.5% and 26.8% over the past 52 weeks, while XLU has gained 16.9% in 2025 and 6.7% over the past year. The stock has mostly remained below its 200-day moving average since January, indicating a bearish trend [4]. Financial Results - In Q3, PG&E reported a 5.2% year-over-year increase in revenue to $6.3 billion, although this was 4.3% below market expectations. The adjusted EPS rose 35.1% year-over-year to $0.50, surpassing consensus estimates by 13.6% [5]. Analyst Sentiment - Despite underperforming compared to peers like Sempra (SRE), analysts maintain a positive outlook on PCG, with a consensus rating of "Strong Buy" among 17 analysts. The mean price target of $21.36 suggests a potential upside of 34.8% [6].