Morgan Stanley Retains an Equal Rating on PG&E Corporation (PCG)

PG&E Corporation (NYSE:PCG) is among the 15 Best Electric Utility Stocks to Invest In Now.

PG&E Corporation (NYSE:PCG) is among the Best Utility Stocks.

On February 20, 2026, Morgan Stanley increased its price objective for PG&E Corporation (NYSE:PCG) from $21 to $23 while keeping an Equal Weight rating. Morgan Stanley updated its price goals for North American Regulated and Diversified Utilities and IPPs covered by it. The firm reported that utilities underperformed the S&P in January. In its Q4 earnings preview, Morgan Stanley anticipates balanced debates about data center pipelines in the face of affordability and political concerns.

On February 20, 2026, UBS analyst Gregg Orrill boosted PG&E Corporation (NYSE:PCG)'s price goal to $20 from $18 while retaining a Neutral rating.

On February 18, 2026, Barclays analyst Nicholas Campanella upgraded PG&E Corporation (NYSE:PCG)'s price objective to $23 from $21. Barclays maintained an Overweight rating, citing recent outperformance and the company's strong fundamentals.

On February 12, 2026, PG&E Corporation (NYSE:PCG) reduced its full-year 2026 non-GAAP core EPS projection to $1.64-$1.66, from $1.62-$1.66. The company noted returns on customer capital expenditure, costs associated with unrecoverable debt expense, and other earnings variables.

PG&E Corporation (NYSE:PCG) works as a holding company that generates, transmits, and distributes electricity and natural gas to customers. It focuses on energy, utility, power, gas, electricity, solar, and sustainability.

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