PG&E Corporation (PCG) - Price Target Updated by BMO Capital

PG&E Corporation (NYSE:PCG) is included among the 12 Best Nuclear Power Dividend Stocks to Buy Now.

PG&E Corporation (NYSE:PCG) provides natural gas and electric service to residential and business customers in northern and central California. The company also owns the Diablo Canyon Power Plant – the only operational nuclear power plant in the Golden State.

PG&E Corporation (NYSE:PCG) received a lift this week after BMO Capital raised its price target on the stock from $23 to $25, up by over 50% from its current share price as of the writing of this piece. The firm also maintained its ‘Outperform’ rating on the utility’s shares.

The analyst is of the opinion that PCG is trading at a significant discount despite having excellent EPS and rate base growth. Moreover, the company has several potential catalysts to realize multiple expansion, including an upgrade to an investment-grade rating and a growing dividend yield that should drive multiple expansion.

PG&E Corporation (NYSE:PCG) is aiming for EPS growth of 10% this year and at least 9% each year from 2026 through 2028. Moreover, the company continues to target reaching a 20% dividend payout by 2028.

While we acknowledge the potential of PCG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.