Alternative Title: Can PG&E Catch Fire Again (This Time, Just the Stock)? 🔥 

Ticker: PCG
Price: $16.06 🔻 -2.90%
Date: June 4, 2025 @ 4:10 PM ET
Location: Oakland, California ☀️🌲 (now less fiery)

🧠 What’s the Spark?

PG&E is Daniel Loeb’s largest position at Third Point. Yes, the Daniel Loeb. Yes, still.
He’s got 14% of his fund in this one name—more than Amazon, TSMC, or Live Nation.
That’s not conviction, that’s borderline obsession. 😅

Let’s look at his top 5 holdings:

And he's not alone:
📊 Institutions hold 100.34% of PG&E’s float.
Yes, that’s more than 100%. Welcome to Wall Street math. 📈🤹

💼 Top Holders Include:

• Vanguard: 9.6%

• BlackRock: 7.7%

• FMR: 5.9%

• JPMorgan: 4.6%

• Third Point: 1.9% (Go, Dan!)

🔍 For full Institutional Ownership breakdown, see here.

:🎉 Insiders Joined the 2025 Bullish Bonanza

💼 A flurry of directors couldn't resist the spark—loading up on PG&E shares like they saw a power surge coming (the good kind ⚡).

Here’s the lineup:

• 👔 Leo Denault lit things up with 6,300 shares @ $15.96 → 💵 ~$100K

• 🧾 Carlos Hernandez followed suit: 3,142 shares @ $15.91 → 💰 ~$50K

• 📊 Rajat Bahri wasn’t shy either: 3,170 shares @ $15.79 → 💸 ~$50K

• 🧠 Jessica Denecour joined with 1,347 shares @ $15.79 → 💳 ~$21K

• 🔌 Arno Harris plugged in for 6,389 shares @ $15.66 → ⚡ ~$100K

👀 Translation? The boardroom believes the stock may be ready to glow up.

⚡ What Does PG&E Actually Do?

It sells and delivers electricity and natural gas to 16 million Californians. It also:

• Operates nuclear, hydro, solar, and fossil fuel sources ⚛️🌞🔥

• Runs 24/7 infrastructure: wires, pipelines, substations, and (formerly fiery) forests

• Serves residential, commercial, and industrial customers

📉 Latest Earnings Snapshot

• GAAP EPS: $0.28 (vs. $0.34 in Q1 2024) 😬

• Non-GAAP EPS: $0.33 (vs. $0.37 in Q1 2024)

• 2025 Non-GAAP EPS Guidance: $1.48 to $1.52 ✅

• Operating Cash Flow (2024): $8.0B, up from $4.7B in 2023 💵💪

• Dividend? Yes, but modest: targeting 20% of core EPS by 2028 🥚🐣

They’ve:

• Connected 3,000+ new electric customers ⚡

• Installed 400+ EV charging ports 🚗🔌

• Built 24 miles of underground powerlines 🛠️

• Strengthened 26 miles of wildfire-prone territory 🧯

• Continued wildfires NOT happening. 🎉👏

👉 Want the full picture? Dive into PG&E’s financials here.

🔥 PG&E: Back From the Ashes?

Let’s be honest, this company’s recent history has been, uh, fiery.
But now?

• Zero major wildfires in two years ✅

• Rate stabilization efforts ✅

• Infrastructure revamp underway ✅

It’s no longer a financial crime scene. It’s now just… a regular utility.
That’s progress! 🛠️✨

📊 Valuation Snapshot:

• P/E Ratio: 14.78 🧮

• Forward P/E: 11.20 ✅

• Price/Sales: 1.45

• Price/Book: 1.25

• Dividend Yield: A humble 0.62% 🌱

So… not dirt cheap, but definitely not outrageous. Especially in a possibly overpriced market.
And let’s not forget: PCG trades more than 75% below its all-time high of $71.57.

🧨 Risks Still Lurking:

1. 🧯 Fire risk is lower… but not zero

2. 🐌 Slow revenue and earnings growth = limited upside

3. ⚠️ Regulatory headaches still possible

4. 😅 Wildfire settlement liabilities still cast shadows

5. 🔮 Forward returns depend on flawless execution

Interested in another investment idea?
Check our take on UnitedHealth Group.

🧭 Verdict: Worth a Little Spark?

If you believe in second (or third) chances, PG&E may deserve one.
It’s not a “catch me if you can” growth rocket 🚀—but it may just be a stable, underloved value play with real potential to shine in a cautious, overvalued market.

And hey, if Dan Loeb thinks “PG&E” stands for “Purchase, Grab & Enjoy”…
Maybe you should at least give it a sniff. 🔍

📛 Disclaimer

No fires were lit in the making of this article. But if you buy the stock, please do so at your own risk. 🔥💼

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