Wolfe Research Sticks to Their Buy Rating for PG&E (PCG)

In a report released yesterday, from Wolfe Research reiterated a Buy rating on PG&E, with a price target of $21.00. The company’s shares closed yesterday at $15.16.

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PG&E has an analyst consensus of Strong Buy, with a price target consensus of $21.17, which is a 39.64% upside from current levels. In a report released on January 22, Barclays also maintained a Buy rating on the stock with a $21.00 price target.

Based on PG&E’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.25 billion and a net profit of $850 million. In comparison, last year the company earned a revenue of $5.94 billion and had a net profit of $579 million

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PCG in relation to earlier this year. Most recently, in November 2025, Jason M Glickman, an Insider at PCG sold 29,473.00 shares for a total of $470,094.35.