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

SelfRugger · 2026-02-26T04:11:54+00:00

Morgan Stanley maintains an Equal Weight rating on PG&E Corporation, raising its price target to $23. Analysts from UBS and Barclays also upgraded their price goals for the company, reflecting positive outlooks despite operational challenges.

SelfRugger

2026-02-26 04:11:54

Abstract generation in progress

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

Fatima Gulzar

Thu, February 26, 2026 at 12:35 PM GMT+9 2 min read

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

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

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.

While we acknowledge the potential of PCG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 20 Best Performing Stocks in 2025 **and **12 Best Food Stocks to Buy in 2026.

Disclosure: None. Follow Insider Monkey on Google News**.**

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