Dividend And Investment Grade UpgradeShares of PCG are seen at a deep discount despite top-tier EPS and rate base growth with several potential catalysts to realize multiple expansion, including an upgrade to investment grade and a growing dividend yield.
Earnings PerformanceManagement continues to execute on its 'simple, affordable model', delivering 3Q25 results above BMO/consensus estimates and affirming their long-term targets as they work to close relative valuation gap to other IOU peers.
Rate ReductionsThe company reduced rates and expects another reduction in 2026, an important differentiation compared to the trend of other regulated peers.