03:45 AM EDT, 05/02/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price by $1 to $18, 12x our 2025 EPS estimate of $1.50 (2026 estimate remains at $1.63), a peer discount to reflect PCG's relatively low dividend yield (0.6%) and payout ratio (estimated near 7% in 2025) after the recent dividend reinstatement. Positively, we think the regulatory trends remain constructive, with PCG operating under a generally favorable multi-year rate plan through 2026, in our view. The company intends to file the 2027-2030 rate case in the coming weeks. While a Northern California company, we think PCG may face continued overhang from weakened investor sentiment for California utilities following recent destructive wildfires in Southern California. Positively, we expect that PCG's significant capex program should support above-peer EPS growth over the near term.