PG&E: The Wildfire Risk Is Manageable

The Value Portfolio Investing Group Leader Follow Summary PG&E is executing a $70B+ capital plan through 2030, aiming for high single-digit EPS growth and no new equity issuance. PCG targets $2.33/share EPS by 2030, with a projected 4% dividend yield and rate base growth of 9% annually. Wildfire risk remains existential, but recent operational improvements and undergrounding initiatives have reduced structure losses to zero in the last four years. PCG's financial strategy leverages debt, not equity, to fund growth while keeping customer bills at or below inflation, positioning for substantial shareholder returns. The Retirement Forum members get exclusive access to our real-world portfolio. See all our investments here » MattGush/iStock Editorial via Getty Images PG&E Corporation ( PCG ) is a large, more than $30 billion utility company. The company has had a troubled history after decades of underinvestment led to wildfires and bankruptcy. After that, however, the company has worked hard to rebuild, This article was written by The Value Portfolio 38.11K Followers Follow The Value Portfolio specializes in building retirement portfolios and utilizes a fact-based research strategy to identify investments. This includes extensive readings of 10Ks, analyst commentary, market reports, and investor presentations. He invests real money in the stocks he recommends. He is the leader of the investing group The Retirement Forum with features including: model portfolios, macro overviews, in-depth company analysis and retirement planning information. Learn more. Analyst’s Disclosure: I/we have a beneficial long position in the shares of PCG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.