07:55 AM EDT, 06/23/2025 (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 cut our 12-month target by $2 to $13, 8.0x our 2026 EPS estimate (kept at $1.63; 2025's remains $1.50), a wide discount to peers given PCG's far lower dividend yield (0.8% vs. 3.4% group average on projected 2025 dividend) and weaker investor sentiment for California utilities following recent devastating wildfires in peer Edison International's (EIX 50**) Los Angeles service territory. Per analysis from Washington Analysis, CFRA's policy research arm, we see multiple legislative proposals threatening a stricter regulatory environment, including limits on the ability to recoup costs related to undergrounding power lines and certain wildfire-prevention investments. We think PCG and peers may also be required to make additional contributions to the California Wildfire Insurance Fund to maintain its solvency. While longer-term growth opportunities appear attractive, backed by data center growth trends in Northern California, we think near-term pressures could cause PCG to continue underperforming peers.