最新ニュース PG&E (NYSE:PCG) 株価情報

PG&E

PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.

PG&E Corp

Litman Gregory Funds Trust Polen Capital Global Growth ETF

PC Group Inc

Pacific Gas & Electric Co. 6% Preferred Stock

Pacific Gas & Electric Co

Pacific Gas & Electric Co. 5 1/2% Preferred Stock

Pacific Gas & Electric Co. 5% 1st Preferred Stock

Pacific Gas & Electric Co. 5% 1st Red. Preferred Stock

Pacific Gas & Electric Co. 5% 1st A Preferred Stock

Pacific Gas & Electric Co. 4.80% 1st Preferred Stock

Pacific Gas & Electric Co. 4.50% 1st Preferred Stock

Pacific Gas & Electric Co. 4.36% 1st Preferred Stock

PG&E Corp 6.000% Series A Mandatory Convertible Preferred Stock

Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) stock has recently faced volatility amid shifting investor sentiment <a href="https://www.benzinga.com/topic/utilities">and market dynamics.</a>
Activist investor Dan Loeb&#8216;s hedge fund, Third Point, held 49.7 million shares in utility company Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) as of Sept. 30, 2024, making it the fund&#8217;s largest <a href="https://www.benzinga.com/news/large-cap/25/01/42788070/hedge-fund-giant-dan-loebs-pge-bet-beats-market">holding at the time.</a>
On Jan. 13, 2025, BMO Capital analyst James M. Thalacker initiated coverage on the company with an Outperform and<a href="https://www.benzinga.com/quote/pcg/analyst-ratings" target="_blank" rel="noreferrer noopener"> a price target of $21</a>.
The analyst writes that he views PCG shares as a core holding in the regulated utility sector, offering investors a rare combination of deep value and premium, visible growth potential.
Thalacker&#8217;s five-year forecast (2024-2028) projects EPS growth of around 9.2% and rate base growth of about 10%, aligning with the company's long-term EPS target of at least 9%.
Also, on Dec. 17, JPMorgan analysts Jeremy Tonet and Richard W. Sunderland stated that they believe PG&amp;E's wildfire mitigation investments, data center pipeline and re-rating potential <a href="https://www.benzinga.com/news/large-cap/25/01/42788070/hedge-fund-giant-dan-loebs-pge-bet-beats-market" target="_blank" rel="noreferrer noopener">could drive substantial gains</a>. 
Notably, last month, the Department of Energy disclosed plans to provide Pacific Gas &amp; Electric with a record $15 billion loan guarantee to strengthen its electrical grid and support climate resiliency initiatives.
If finalized, the loan guarantee for PG&amp;E&#8217;s Project Polaris will support hydropower, battery storage, transmission upgrades, and virtual power plants across its service area.
The Energy Department said that these infrastructure investments will enable PG&amp;E to address projected load growth, enhance electric reliability, <a target="_blank" href="https://www.energy.gov/lpo/articles/lpo-announces-conditional-commitment-pacific-gas-electric-company-expand-hydropower" rel="noreferrer noopener">and</a> lower costs for consumers throughout California.
Earlier, during its third-quarter earnings call, PCG raised its five-year capital investment plan by $1 billion, bringing the total to $63 billion for <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41800512/pg-e-corporation-reports-strong-third-quarter-results-strengthens-2024-guidance-initiates-2025-gui" rel="noreferrer noopener">the 2024-2028 period</a>.
The company also reaffirmed its equity issuance guidance <a href="https://www.benzinga.com/calendars/guidance">of $3 billion for 2025-2028</a>.
The company expects to release its fourth-quarter earnings <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">results in February 2025</a>.
Investors can gain exposure to the stock via VanEck Uranium and Nuclear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>) and Themes ETF Trust Themes Uranium &amp; Nuclear ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/URAN#BATS">URAN</a>).
Price Action: PCG shares are up 4.71% at $17 at last check Wednesday.
Read Next:
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Photo: Shutterstock

Equities

Large Cap

Hedge Funds

Initiation

URAN

Dan Loeb's PG&E Play: Growth, Resilience, And $63 Billion Investments

Benzinga's options scanner just detected over 9 options trades for PG&amp;E (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) summing a total amount of $1,435,040.
At the same time, our algo caught 2 for a total amount of 215,000.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $17.0 to $19.0 for PG&amp;E during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for PG&amp;E's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of PG&amp;E's whale trades within a strike price range from $17.0 to $19.0 in the last 30 days. 
<h3>PG&amp;E Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736958634_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PCG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$1.01</td>
<td>$0.99</td>
<td>$1.0</td>
<td>$18.00</td>
<td>$600.5K</td>
<td>784</td>
<td>6.1K</td>
</tr>
<tr>
<td>PCG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$3.1</td>
<td>$3.05</td>
<td>$3.1</td>
<td>$17.00</td>
<td>$246.2K</td>
<td>2.1K</td>
<td>802</td>
</tr>
<tr>
<td>PCG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$3.95</td>
<td>$3.9</td>
<td>$3.95</td>
<td>$17.00</td>
<td>$145.3K</td>
<td>145</td>
<td>368</td>
</tr>
<tr>
<td>PCG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$1.15</td>
<td>$1.06</td>
<td>$1.15</td>
<td>$18.00</td>
<td>$114.8K</td>
<td>784</td>
<td>9.3K</td>
</tr>
<tr>
<td>PCG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$1.23</td>
<td>$1.06</td>
<td>$1.09</td>
<td>$17.00</td>
<td>$111.0K</td>
<td>1.4K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About PG&amp;E</h3>
PG&amp;E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&amp;E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&amp;E sold its unregulated assets as part of an earlier postbankruptcy reorganization.
<h3>Current Position of PG&amp;E</h3>
<ul>
<li>Currently trading with a volume of 18,219,134, the PCG's price is up by 5.02%, now at $17.04. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 36 days.</li>
</ul>
<h3>Professional Analyst Ratings for PG&amp;E</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $22.25.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from UBS persists with their Buy rating on PG&amp;E, maintaining a target price of $24. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on PG&amp;E, which currently sits at a price target of $20. 
&#x2A; An analyst from Barclays persists with their Overweight rating on PG&amp;E, maintaining a target price of $24. 
&#x2A; An analyst from BMO Capital has revised its rating downward to Outperform, adjusting the price target to $21. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PG&amp;E options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

What the Options Market Tells Us About PG&E

The Los Angeles area is bracing Tuesday for another stretch of "extreme fire weather&#8221;: the National Weather service issued a &#8220;Particularly Dangerous Situation" red flag warning for<a href="https://www.benzinga.com/general/sports/25/01/42963718/beyonce-pledges-25-million-to-help-california-wildfire-relief-efforts-nfl-donates-5-million-moves-mondays-playoff-game-to-arizona"> Southern California. </a> 
The Details: Firefighters are again facing high winds of 40 to 70 miles per hour as they fight to contain the wildfires that have caused at least 25 deaths and burned more than 60 square miles in the Los Angeles area.&nbsp;
The Los Angeles Fire Department reports the Eaton Fire is now at 35% containment and the Palisades Fire is now at 17% containment as of Tuesday morning.&nbsp;
"Severe fire weather conditions will continue through tomorrow," Los Angeles County Fire Chief Anthony C. Marrone said.
"The worst winds are predicted today for the late afternoon and into Wednesday," Marrone added.&nbsp;
Approximately 88,000 Los Angeles County residents are under evacuation orders and more than 84,000 residents are under evacuation warnings, county Sheriff Robert Luna said Tuesday during a news conference, as reported by CNN.
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Edison Faces Lawsuits: At least five lawsuits were filed against Southern California Edison, a subsidiary of Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>), on Monday, according to an ABC News <a href="https://abc7.com/post/california-wildfires-2-lawsuits-filed-southern-edison-eaton-fire-pasadena-altadena/15796131/">report</a>.&nbsp;
The lawsuits allege Edison failed to de-energize its electrical equipment that potentially ignited the Eaton fire despite red flag warnings issued by the National Weather Service.
California fire agencies also confirmed on Monday they are investigating Southern California Edison over the possibility that downed utility equipment contributed to the Hurst fire, according to<a href="https://www.latimes.com/california/story/2025-01-12/officials-investigating-whether-southern-california-edison-equipment-ignited-hurst-fire"> a report</a> from the Los Angeles Times. 
The company said<a href="https://www.benzinga.com/pressreleases/25/01/b42935494/edison-international-provides-latest-update-on-southern-california-wildfires-and-sce-power-outages"> in a statement</a> on Sunday that it filed two Electric Safety Incident Reports, one related to the Eaton fire and one related to the Hurst fire.&nbsp;
SCE said a downed power line was discovered at a time and location near the Hurst fire ignition, but it does not yet know whether the damage occurred before or after the start of the fire.&nbsp;
&#8220;We&#8217;ve seen in your reporting the videos, we&#8217;ve seen the photos, so we know that there was fire there. We don&#8217;t know what caused it,&#8221; Edison CEO Pedro Pizarro <a href="https://abc7.com/post/california-wildfires-2-lawsuits-filed-southern-edison-eaton-fire-pasadena-altadena/15796131/">told ABC7 </a>on Monday.
&#8220;Again, there was the obvious signature that we would see normally, but we have not been able to get up close to those lines because firefighters have determined that it hasn&#8217;t been safe to do that yet. Whatever we find, we&#8217;ll be transparent with our public,&#8221; Pizarro added.
In 2021, SCE agreed to pay $550 million in fines and penalties related to fires that year which burned more than 380,000 acres and destroyed thousands of homes.
Edison International stock has fallen nearly 28% since the fires began last week. Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>), another California utility, has seen its stock fall nearly 20% in the past week.  
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Image: Shutterstock.

News

Legal

Movers

LA Braces For More 'Extreme Fire Weather,' Multiple Lawsuits Filed Against Edison Over Eaton Fire Damages

WIIM

Shares of California utility companies are trading lower amid wildfires in California.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>BMO Capital analyst Charlie Lederer initiated coverage on AXIS Capital Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) with a Market Perform rating and announced a price target of $93. Axis Capital shares closed at $85.54 on Friday. S<a href="https://www.benzinga.com/quote/AXS/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>D. Boral Capital analyst Jason Kolbert initiated coverage on Checkpoint Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CKPT#NASDAQ">CKPT</a>) with a Buy rating and announced a price target of $9. Checkpoint Therapeutics shares closed at $3.16 on Friday. <a href="https://www.benzinga.com/quote/CKPT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities analyst Neal Dingmann initiated coverage on California Resources Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) with a Buy rating and announced a price target of $75. California Resources shares closed at $52.73 on Friday. <a href="https://www.benzinga.com/quote/CRC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital analyst James Thalacker initiated coverage on PG&amp;E Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) with an Outperform rating and announced a price target of $21. PG&amp;E shares closed at $17.17 on Friday. S<a href="https://www.benzinga.com/quote/PCG/analyst-ratings">ee how other analysts view this stoc</a>k.</li>
<li>Cantor Fitzgerald analyst Matthew Prisco initiated coverage on Onto Innovation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONTO#NYSE">ONTO</a>) with an Overweight rating and announced a price target of $250. Onto Innovation shares closed at $189.61 on Friday. <a href="https://www.benzinga.com/quote/ONTO/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying PCG stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="570" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13092647/image-76-1024x570.png" alt="" class="wp-image-730611" style="width:629px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13092647/image-76-1024x570.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13092647/image-76-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13092647/image-76-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13092647/image-76.png 1132w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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This PG&E Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday

BMO Capital analyst James Thalacker initiates coverage on PG&amp;E (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) with a Outperform rating and announces Price Target of $21.

Price Target

BMO Capital Initiates Coverage On PG&E with Outperform Rating, Announces Price Target of $21

These nine large-cap stocks were the worst performers in the last week. Are they in your portfolio?
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<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares declined 21.83% amid overall market weakness due to a rise in yields.</li>
<li>Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) stock fell 18.76%, probably due to wildfires in California.</li>
<li>Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) stock dipped 18.31% after the company reported worse-than-expected results and cut its FY25 adjusted EPS<a href="https://www.benzinga.com//node/42913319" target="_blank" rel="noreferrer noopener"> guidance and sales growth outlook</a>.</li>
<li>Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) stock declined 14.19%, probably due to wildfires in California.</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) stock declined 12.59% after Truist Securities downgraded the stock from Buy to Hold and lowered <a href="https://www.benzinga.com/quote/on/analyst-ratings" target="_blank" rel="noreferrer noopener">its price forecast from $85 to $60</a>.</li>
<li>Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) stock fell 11.52% amid overall market weakness, driven by a rise in yields.</li>
<li>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) shares decreased 10.66%, probably due to overall market weakness following recent economic data and a rise in yields.</li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares decreased 10.55%, probably due to overall market weakness.</li>
<li>The Campbell&#8217;s Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) stock lost 10.22% last week. Wells Fargo lowered the <a href="https://www.benzinga.com/quote/cpb/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast</a> on the stock from $45 to $43 but maintained an equal-weight rating.</li>
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California utility companies could come under pressure from regulators and investors after devastating Los Angeles wildfires have left at five people dead and almost 180,000 evacuated from their homes due to <a href="https://www.benzinga.com/25/01/42899028/la-wildfire-damages-estimated-above-52-billion-california-property-insurance-crisis">multiple wildfires</a>. 
Here's the latest.
What Happened: Areas near Los Angeles, California have <a href="https://www.benzinga.com/general/entertainment/25/01/42888380/los-angeles-fires-shut-down-production-of-tv-shows-fallout-abbott-elementary-hacks-film-premieres-canceled-critics-choice-awards-delayed">been hardest hit</a> by one of the most destructive wildfire events in the state.
At least five people are dead, found in buildings in Altadena, where the Eaton Fire exploded Tuesday night, as <a href="https://www.latimes.com/california/story/2025-01-08/fire-weather-fierce-winds-los-angeles">reported </a>by the LA Times.
179,783 people are under evacuation orders as of Thursday, according to Los Angeles Sheriff Robert Luna, <a href="https://www.nbcnews.com/weather/wildfires/live-blog/california-wildfires-live-updates-deadly-blazes-spread-hollywood-hills-rcna186927">NBC News </a>reported. Another 200,000 face evacuation warnings. 
Over 2,000 buildings have been burned. Multiple fires continue blazing Thursday and have not been contained.
&#8220;What we saw here in the last 24 hours is unprecedented," LAPD Chief Jim McDonnell said Wednesday. "I've never seen anything like this."
Limited resources including a lack of firefighters, firetrucks and water in fire hydrants have been reported in several regions.
California Gov. Gavin Newsom has called on the National Guard for its assistance in helping with evacuation orders and to assist with the devastating fires.
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Utility Stocks in Focus: Utility companies including Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) and San Diego Gas &amp; Electric, which is owned by Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>), began cutting power to customers to reduce fire risk ahead of elevated winds during the week, as reported by The New York Times.
Edison plans to continue utility shutoffs for customers through Friday after already cutting power to over 150,000 customers.
Restoration of power for customers will depend on future weather, the containment of fires and inspections of power lines.
"Our top concern right now is the safety of our customers, crew members and emergency personnel," Edison spokesman David Eisenhauer said.
Edison <a href="https://www.businesswire.com/news/home/20250108156871/en/Edison-International-Provides-Update-on-Southern-California-Wildfires-and-SCE-Power-Outages">said </a>the fires, which it called an "extreme weather event," are an evolving situation it is monitoring.
"Safety remains our number one priority for customers, employees and our communities," the company said.
Public safety power shutoffs have been conducted by SDG&amp;E due to the dry conditions and Santa Ana winds, the company <a href="https://www.sdgetoday.com/news/sdge-responds-extreme-weather-continued-public-safety-power-shutoffs-0">said </a>Wednesday. The proactive measure is being done to protect public safety and help reduce wildfire risk.
A statement from Pacific Gas &amp; Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) <a href="https://www.pge.com/en/newsroom/currents/safety/southern-california-wildfires--pg-e-crews--helicopters-and-wildf.html">said </a>the company has sent helicopters and wildlife resources to the region to help with the fires, including two Blackhawk helicopters.
PG&amp;E said it is monitoring conditions in its serviced areas including Kern, Santa Barbara and San Luis Obispo counties.
Edison stock was <a href="https://www.benzinga.com/news/25/01/42894683/los-angeles-wildfires-stoke-investor-fears-edison-internationals-stock-ended-10-lower-on-wednesday-amid-concerns-over-possible-equipment-links-to-forest-fires">hit the hardest</a> of the utility companies connected to the California wildfires, falling 10% to $69.50 on Wednesday. The stock is now down 5% over the last year.
Pacific Gas &amp; Electric shares fell 4% to $19.25 on Wednesday.
Sempra shares fell 2% to $82.82 on Wednesday.
These utility companies remain top holdings in utility ETFs. In the SPDR Select Sector Fund – Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>), Sempra is the sixth largest holding at 4.5% of assets, PCG 10th largest at 3.6% of assets and EIX comprises 2.3% of the ETF&#8217;s assets.
In the Vanguard Utilities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VPU#NYSE">VPU</a>), Sempra (4.3% of assets), PG&amp;E (3.2% of assets) and Edison International (2.5%) are among the largest holdings. 
Fire Cause: One of the key question on the minds of California residents and investors will be who or what caused the fire. Right now, this remains a mystery.
As the New York Times <a href="https://www.nytimes.com/2025/01/08/us/what-caused-california-fires.html">reports</a>, scrutiny of power lines will likely come after the fires, as utility equipment has led to some of the largest California wildfires in the past, including the 2018 Camp Fire that left 85 people dead.
In 2024, four wildfire incidents were caused by utility equipment, including two by Edison International-owned Southern California Edison, according to the report.
Pacific Gas &amp; Electric, which may have limited exposure to this week&#8217;s infernos, is a lesson in the liability risk that California utilities face.
The utility company declared bankruptcy in 2019 related to damages and claims from wildfires. This included a<a href="https://www.benzinga.com/news/19/12/14953787/pg-e-trades-higher-on-13-5b-wildfires-settlement"> $13.5 billion settlement </a>for its alleged role in the fires. The company emerged from bankruptcy in 2020.
In 2024, Pacific Gas &amp; Electric paid $45 million in penalties related to the Dixie Fire in 2021, which state regulators found was linked to the company's power lines, as <a href="https://www.cnn.com/2024/01/26/us/pacific-gas-electric-settlement-dixie-fire-california/index.html">reported </a>by CNN.
California state law AB-1054, passed in 2019, established a Wildfire Fund of up to $21 billion to provide liquidity for fire events in the state and limits the liability of utility companies.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports/25/01/42889402/nhl-game-canceled-after-los-angeles-fires-nfl-monitoring-situation-ahead-of-monday-playoff-game">NHL Game Canceled After Los Angeles Fires, NFL Monitoring Situation Ahead Of Monday Playoff Game</a></li>
</ul>
Photo via Shutterstock.

Sector ETFs

ETFs

5 Dead, Nearly 180,000 Evacuated In Los Angeles Wildfires: California Utilities Face Scrutiny

As wildfires continue to wreak havoc in Los Angeles, investor confidence in the financial stability of Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) is waning. The concern stems from the possibility that the company&#8217;s equipment may have sparked the fires.
What Happened: Southern California electric utility&#8217;s stock price plummeted by 10% on Wednesday, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>, in the wake of the wildfires. The exact cause of the fires is yet to be determined, with investigations likely to span weeks or even months, The Wall Street Journal <a href="https://www.wsj.com/finance/wildfires-are-making-investors-nervous-about-los-angeles-area-utility-again-0f448a84">reported</a> on Thursday.
California&#8217;s &#8220;inverse condemnation&#8221; law holds utilities strictly liable&nbsp;for property damage caused by&nbsp;their power lines and equipment, irrespective of fault. This law has previously driven major utilities, such as PG&amp;E (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>), into bankruptcy following a single wildfire.
Pedro Pizarro, CEO of Edison, has in the past conceded the company&#8217;s susceptibility to wildfires. In a&nbsp;2019 interview with the Los&nbsp;Angeles Times, Pizarro stated that the company&#8217;s solvency was partly due to luck and risk mitigation efforts. He also cautioned that Edison could face bankruptcy in the aftermath of a major fire.
Despite legislative efforts to reduce utilities&#8217; liability risk, including laws allowing utilities to recoup wildfire costs from customers and the establishment of an insurance fund, the financial risk posed by wildfires remains substantial. The insurance fund&#8217;s total assets of $11.4 billion are overshadowed by the potential costs of a major wildfire, as evidenced by the $16.5 billion in damage caused by the 2018 Camp Fire.
Edison&#8217;s financial stability remains precarious, with negative free cash flow and the looming risk of its $18.1 billion equity being wiped out by a single catastrophic event. 
Meanwhile, the company&#8217;s market capitalization is valued at $27 billion.
Edison International has yet to respond to <a href="https://pro.benzinga.com">Benzinga</a>&#8216;s queries.
Why It Matters: The recent wildfires have already caused significant damage in the Los Angeles area. A&nbsp;destructive wildfire&nbsp;swept through the <a href="https://www.benzinga.com/25/01/42878466/wildfire-rips-through-las-pacific-palisades-neighborhood-3000-acres-burned-30000-evacuated-homes-destroyed">Pacific Palisades neighborhood</a>, burning over 3,000 acres and forcing 30,000 residents to evacuate. The National Weather Service had issued warnings for extreme fire conditions, including wind gusts up to 80 mph, which exacerbated the situation.
The ongoing fires have also sparked ethical debates, as <a href="https://www.benzinga.com/news/25/01/42891954/los-angeles-wildfires-will-be-tamed-by-this-day-predict-polymarket-users-observers-raise-ethical-question">multiple betting contracts</a> emerged on the&nbsp;Polymarket platform, allowing users to wager on the outcome of the disaster. This has raised questions about the morality of profiting from such tragic events.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/42890191/trump-themed-nfts-launch-on-bitcoin-network-for-first-timeheres-what-you-should-know" target="_blank" rel="noreferrer noopener">Trump-Themed NFTs Debut On Bitcoin Network — One Card Gets Listed At $1.9 Million</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

Los Angeles Wildfires Stoke Investor Fears: Edison International's Stock Ended 10% Lower Wednesday

A destructive wildfire continues to rage through the Pacific Palisades section of Los Angeles on Wednesday, forcing more than 30,000 people to <a href="https://www.benzinga.com/25/01/42855962/los-angeles-ventura-counties-brace-for-windstorm-as-bad-as-it-gets-for-fire-weather">evacuate the area. </a>
The Details: Before the fire started, the National Weather Service issued an alert for extreme fire conditions, including wind gusts of between 50 and 80 miles per hour, for Los Angeles County from Tuesday through Thursday.  
From Tuesday morning to Wednesday morning, the fire burned more than 3,000 acres, according to Reuters. 
The Pacific Palisades fire, 0% contained, grew to encompass more than 4.5 square miles Wednesday morning, <a href="https://weather.com/news/weather/news/2025-01-07-los-angeles-palisades-fire-santa-ana-wind-california">according</a> to the Weather Channel. Authorities expect the worst conditions through Wednesday morning with wind gusts possibly reaching 100 miles per hour. 
"This is pretty much the worst possible scenario for a firefight," David Ortiz of the Los Angeles Fire Department told KTLA-TV.
Read Next: <a href="https://www.benzinga.com/general/biotech/25/01/42854890/us-records-first-human-bird-flu-death-high-levels-of-respiratory-illnesses-vaccine-stocks-rally">US Records First Human Bird Flu Death, High Levels Of Respiratory Illnesses: Vaccine Stocks Rally&nbsp;</a>
Los Angeles Fire Chief Kristin Crowley on Tuesday said at a press conference that more than 25,000 people in 10,000 homes were threatened.
Karen Bass, mayor of Los Angeles, encouraged residents to heed warnings from officials in an early Wednesday morning post on social media.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Our <a href="https://twitter.com/LAFD?ref_src=twsrc%5Etfw">@LAFD</a> and <a href="https://twitter.com/LAPDHQ?ref_src=twsrc%5Etfw">@LAPDHQ</a> teams continue to work overnight to protect Angelenos affected by fires in L.A. Angelenos should be advised that the windstorm is expected to worsen through the morning and to heed local warnings, stay vigilant and stay safe. Red flag parking restrictions…
&mdash; Mayor Karen Bass (@MayorOfLA) <a href="https://twitter.com/MayorOfLA/status/1876938290395525605?ref_src=twsrc%5Etfw">January 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The Los Angeles Times <a href="https://www.latimes.com/california/live/pacific-palisades-fire-updates-los-angeles#p=pch-devastated-by-palisades-fire">reported</a> homes and businesses along the Pacific Coast Highway were leveled by the fire Tuesday night as high winds whipped the flames. The National Weather Service reported a gust of 99 mph near Altadena at 10:20 p.m. PT Tuesday and 84 mph at Hollywood Burbank Airport at 8:30 p.m. PT.&nbsp;
More than 160,000 power outages are reported in Los Angeles county, according to<a href="https://poweroutage.us/area/state/california"> data from </a>Poweroutage.us. Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) currently has 5,700 customers without power. San Diego Gas &amp; Electric, a subsidiary of Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>), has more than 9,000 customers without electricity. 
Los Angeles International Airport is operating with minimal interruptions Wednesday morning. However, some flights have been diverted due to smoke in the area. Total delays stand at 56 with 8 cancellations reported so far on Wednesday, according to <a href="https://www.flightaware.com/live/cancelled/today/KLAX">data from </a>FlightAware. 
Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) and United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) are the largest airlines with flights out of LAX and could face operations disruptions in the coming days.
California Gov. Gavin Newsom toured part of the affected area in Pacific Palisades on Tuesday.
"Not a few — many structures already destroyed," Newsom said. 
Precise damage estimates will only be available after a thorough assessment once the fire is contained. Some of the largest property insurers in California include Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) and The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) and could face increased claims resulting from fire damage. 
President Joe Biden announced Tuesday that a federal grant had been approved to reimburse California for the fire response. 
&#8220;I have offered any federal assistance that is needed to help suppress the terrible Pacific Palisades fire,&#8221; Biden said in a statement.
Read Next:
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<li><a href="https://www.benzinga.com/general/entertainment/25/01/42834240/kevin-oleary-joins-the-peoples-bid-for-tiktok-as-pending-ban-looms">Kevin O&#8217;Leary Joins The People&#8217;s Bid For TikTok As Pending Ban Looms</a>&nbsp;</li>
</ul>
Image: Shutterstock

Travel

Insurance

Wildfire Rips Through LA's Pacific Palisades Neighborhood Destroying Homes: 3,000 Acres Burned As 30,000 Residents Evacuate

Billionaire&nbsp;Dan Loeb stands out as one of Wall Street's most influential hedge fund managers. As the founder of Third Point, a hedge fund managing $7 billion in assets, Loeb has built a reputation for employing aggressive activist strategies that push for <a href="https://www.benzinga.com/top-stories/24/12/42619157/5-top-performing-stocks-in-dan-loebs-portfolio-cinemark-corpay-amazon-lead">significant changes within companies worldwide</a>.
As we step into 2025, let&#8217;s see how Loeb&#8217;s top stock holdings have performed in the last six months (June-December 2024).
As of November <a target="_blank" href="https://www.sec.gov/Archives/edgar/data/1040273/000108514624005927/xslForm13F_X02/infotable.xml" rel="noreferrer noopener">2024</a>, Dan Loeb&#8217;s top holdings constituted 49.7 million shares in Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) and 11.8 million shares in Bath &amp; Body Works, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>).
PCG: In the second half of 2024, PCG shares surged around 17.12%, compared to the S&amp;P 500, which experienced a growth of 5.65%.
Some recent major events of the company are as follows.
<ul>
<li>On Dec. 2, PCG reaffirmed its 2024 adjusted EPS guidance of $1.34-$1.37, in line with the <a href="https://www.benzinga.com//node/42262783" target="_blank" rel="noreferrer noopener">consensus </a>of $1.36, and its 2025 adjusted EPS outlook of $1.47 to $1.51,<a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener"> vs. an estimate of $1.49</a>.</li>
<li>On Nov. 13, the company partnered with Itron to enhance the accessibility and affordability of electric vehicle (EV) <a href="https://www.benzinga.com//node/41953924" target="_blank" rel="noreferrer noopener">charging for PG&amp;E customers</a>.</li>
<li>On Nov. 7, the company reported a third-quarter adjusted EPS of 37 cents, exceeding analysts&#8217; expectations of 33 cents, but revenue of $5.94 billion, falling short of the<a href="https://www.benzinga.com//node/41800512" target="_blank" rel="noreferrer noopener"> consensus estimate of $6.61 billion</a>.</li>
<li>During the earnings call, PCG also raised its five-year capital investment plan by $1 billion, bringing the total to $63 billion for the 2024-2028 period. The additional capital has already been funded through the recent issuance of junior subordinated notes. The company also reaffirmed its equity issuance guidance of $3 billion for 2025-2028.</li>
</ul>
PG&amp;E shines with its&nbsp;10%&nbsp;EPS growth&nbsp;outlook&nbsp;and clear runway for financing, thanks to a recent equity raise.
On Dec. 17, JPMorgan analysts Jeremy Tonet and Richard W. Sunderland stated that they believe PG&amp;E&#8217;s wildfire mitigation investments, data center pipeline and re-rating potential could drive substantial gains. Updates on its system investment needs in the fourth quarter are likely to serve as <a href="https://www.benzinga.com//node/42538384">pivotal catalysts for growth in 2025 and beyond</a>.
BBWI: On the other hand, BBWI shares have escalated 4.81% compared to the S&amp;P 500, which has grown 5.65% in the last six months.
Major recent events of the company are:
<ul>
<li>On Nov. 25, the company reported third-quarter adjusted earnings of 49 cents per share, surpassing the consensus estimate of 47 cents. Quarterly sales reached $1.61 billion, exceeding analysts&#8217; <a href="https://www.benzinga.com//node/42163526" target="_blank" rel="noreferrer noopener">expectations of $1.58 billion</a>.</li>
<li>During the earnings call, the company said it expects fourth-quarter net sales to decline of&nbsp;6.5%&nbsp;to a decline of&nbsp;4.5%&nbsp;year-over-year, reflecting a 500-basis-point headwind from a shifted fiscal calendar. Earnings per share are expected to be between&nbsp;$1.94&nbsp;and&nbsp;<a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">$2.07, versus the&nbsp;$1.98&nbsp;consensus</a>.</li>
<li>Moreover, BBWI raised fiscal 2024 guidance, expecting net sales to decline 2.5% – 1.7% (prior view: decline of 4% – 2%). Adjusted earnings per share are projected at $3.15 – $3.28 (prior view $3.06 –<a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener"> $3.26) versus the $3.18 consensus</a>.</li>
</ul>
On Dec. 24, Telsey Advisory Group analyst Dana Telsey named Bath &amp; Body Works as a stock with potential following its earnings and revenue beat-and-raise report for the third quarter. It also sees the store as a &#8220;holiday winner&#8221; <a href="https://www.benzinga.com//node/42678827">with its strong gift assortment</a>.
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<li><a href="https://www.benzinga.com//node/42783039" target="_blank" rel="noreferrer noopener">Bill Gates And Jeff Bezos Backed Mining Startup Raises $537 Million, Targets Going Public In Few Years</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Mid Cap

BBWI

Hedge Fund Giant Dan Loeb's PG&E Bet Beats Market

PG&amp;E's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) short percent of float has risen 21.56% since its last report. The company recently reported that it has 39.06 million shares sold short, which is 2.03% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.43 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>PG&amp;E Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735233322_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PG&amp;E has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing PG&amp;E's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, PG&amp;E's peer group average for short interest as a percentage of float is 2.13%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About PG&E?

Few hedge fund managers command the attention of Wall Street quite like Dan S. Loeb. As the founder of Third Point, a $7 billion hedge fund, Loeb has made his mark with bold activist strategies that challenge the status quo and drive <a href="https://www.benzinga.com/general/hedge-funds">transformation in global companies.</a>
<h3 class="wp-block-heading">Portfolio Overview</h3>
As of Q3 2024, Third Point's portfolio is valued at $7.37 billion, comprising 41 investments. The fund gained 5.3% during the quarter, with top holdings including Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) at 13%, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) at 9.3%, and Danaher Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) at 7.3%. Smaller positions include Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) and Bath &amp; Body Works, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>), each at 5.1%.
Best Performers: These five stocks have surged over 20% in the last 6 months.
<ol>
<li>Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) escalated around 43%.</li>
<li>Amazon surged about 18%</li>
<li>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) rose roughly 17%</li>
<li>Corpay, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAY#NYSE">CPAY</a>) rocketed about 29%</li>
<li>Cinemark Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) increased approximately 60%</li>
</ol>
These gains highlight Loeb's ability to capitalize on growth opportunities across the entertainment, tech, and financial sectors.
Also Read: <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42615908/feds-preferred-inflation-gauge-falls-more-than-expected-markets-breathe-sigh-of-relief">Fed&#8217;s Preferred Inflation Gauge Falls More Than Expected: Markets Breathe Sigh Of Relief</a>
Investment Strategy:
<ul>
<li>Loeb is a prominent activist investor who acquires significant stakes in underperforming companies to advocate for improvements in management, operations, or governance, with the goal of enhancing shareholder value. A key example is his 2011 investment in Yahoo, where a 5% stake and strategic push led to transformations and over $1 billion in gains, <a href="https://hedgefundalpha.com/dan-loeb-portfolio/">according </a>to Hedge Fund Alpha.</li>
<li>Throughout his career, Loeb has focused more on creating spin-offs than investing in existing ones. He recently applied his activist strategy with Sony and Shell to pursue spin-offs, <a href="https://www.cnbc.com/2021/10/28/shell-vs-activist-dan-loeb-is-bigger-for-big-oil-than-exxon-board-war.html">according </a>to CNBC, but was unsuccessful in these efforts.</li>
<li>Beyond equities, Loeb explores opportunities in credit markets, including distressed debt and corporate bonds, aiming to generate high-risk-adjusted returns by exploiting inefficiencies in those areas. In 2012, Loeb invested in Greek sovereign bonds during the financial crisis, assessing the risk-reward ratio and achieving strong returns, adding to an already successful year, CNBC <a href="https://www.cnbc.com/2012/10/03/third-points-loeb-bets-big-and-wins-on-greek-debt.html">reported</a>.</li>
</ul>
Historical Performance: Since launching in 1995, the fund has averaged annual returns of 16%, attracting new investors with consistent positive performance, according to Hedge Fund Alpha.
Loeb's major successes came during the dot-com bubble and the 2008 financial crisis, with his fund posting a 45% return in 2009 despite a market downturn.
Third Point&#8217;s assets under management reportedly peaked at nearly $18 billion in 2022 before declining to approximately $7 billion, attributed to underperformance during a challenging market period in 2022. By the end of 2023, the fund achieved modest positive returns, indicating some stabilization.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41397978/hedge-fund-billionaire-daniel-loeb-bets-on-trump-win-singles-out-this-recent-buy-as" target="_blank" rel="noreferrer noopener">Hedge Fund Billionaire Daniel Loeb Bets On Trump Win, Singles Out This Recent Buy As Having &#8216;Significant Upside Potential&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

AMZN

CPAY

5 High-Flying Stocks In Dan Loeb's Portfolio: Cinemark, Corpay, Amazon Lead

UBS analyst Gregg Orrill maintains PG&amp;E (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) with a Buy and lowers the price target from $26 to $24.

UBS Maintains Buy on PG&E, Lowers Price Target to $24

JPMorgan analysts Jeremy Tonet and Richard W. Sunderland believe <a href="https://www.benzinga.com/topic/utilities">utilities in North America are gearing up</a> for a stellar 2025.
Bolstered by accelerating power demand and transformative growth drivers like electrification, data center expansion and manufacturing onshoring, utility stocks are positioned for sustained strength.
Their top picks from the space include Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>), Entergy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>), NiSource Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) and PG&amp;E Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>). Here&#8217;s why each of these make a great 2025 pick.
<h1 class="wp-block-heading">1. Vistra</h1>
Vistra's Texas-sized opportunity makes it JPMorgan's top pick. 
The company boasts unmatched exposure to the Electric Reliability Council of Texas (ERCOT), a robust integrated retail business and a nuclear production tax credit upside via its Energy Harbor acquisition.
Vistra is uniquely positioned to benefit from soaring baseload demand, tightening power supply and favorable ERCOT pricing. With guidance forecasting double-digit EBITDA growth through 2026, Vistra's potential to secure gas plant contracts and capitalize on regional power price spikes keeps it in the "catbird seat."
Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41997342/appaloosa-hedge-fund-buys-vistra-sells-boeing">Appaloosa Hedge Fund Buys Vistra, Sells Boeing</a>
<h1 class="wp-block-heading">2. Entergy</h1>
Entergy has captured the spotlight with its recent data center deals, including Meta Platform Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) $10 billion investment in Louisiana.
JPMorgan highlights Entergy's ability to replicate such successes, driving load growth and industrial sales compound annual growth rates (CAGR). With surging Gulf Coast demand and replicable engagement frameworks, Entergy continues to outperform with rising earnings guidance and customer expansion.
<h1 class="wp-block-heading">3. NiSource</h1>
NiSource is riding the data center wave in the Midwest, with load scenarios pointing to significant generation needs. Its impressive 6%-8% annual EPS growth and 8%-10% rate base CAGR make it a standout mid-cap utility.
JPMorgan sees inflection potential for NiSource, especially with new load announcements expected to act as catalysts for an upward earnings revision in 2025.
<h1 class="wp-block-heading">4. PG&amp;E</h1>
PG&amp;E shines with its 10% EPS growth outlook and clear runway for financing, thanks to a recent equity raise. 
JPMorgan believes PG&amp;E's wildfire mitigation investments, data center pipeline and re-rating potential could drive substantial gains. Updates on its system investment needs in the fourth quarter are likely to serve as pivotal catalysts for growth in 2025 and beyond.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42289305/top-3-utilities-stocks-that-could-sink-your-portfolio-this-month">Top 3 Utilities Stocks That Could Sink Your Portfolio This Month</a></li>
</ul>
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Vistra, Entergy, NiSource, PG&E: 4 Utilities Power Up For Bullish 2025, Says JPMorgan

<a href="https://www.wsj.com/us-news/climate-environment/biden-pge-record-loan-climate-change-grid-update-55b2fe6e" title="https://www.wsj.com/us-news/climate-environment/biden-pge-record-loan-climate-change-grid-update-55b2fe6e">https://www.wsj.com/us-news/climate-environment/biden-pge-record-loan-climate-change-grid-update-55b2fe6e</a>

Financing

The Wall Street Journal Reported Biden Administration Agrees To $15B Loan To PG&E To Support Projects Aimed At Fighting The Effects Of Climate Change, Improving The Electrical Grid

Macro Notification

U.S. National Tsunami Center Says Tsunami Warning Issued After 7.5 Magnitude Earthquake Strikes California

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PG&E Corp Entered Agreement With Underwriters As Per Which, Agreed To Sell 48.7M Shares Of Common Stock

Edison to be investigated over possible link to California fires; shares hit 52-week low

Edison bounces after three-day 26% rout over alleged role in California wildfires

Notable gainers among liquid option names this morning include Edison International (EIX) $62.60 +4.17, BNY Mellon (BK) $80.73 +4.79, Builders Firs...

Early notable gainers among liquid option names on January 15th

RBC Capital analyst Shelby Tucker maintained a Buy rating on PG&E (PCG – Research Report) on January 13 and set a price target of $24.00. The compa...

PG&E (PCG) Receives a Buy from RBC Capital

Bank of America Securities analyst Ross Fowler maintained a Buy rating on PG&E (PCG – Research Report) today and set a price target of $21.00. The ...

Bank of America Securities Sticks to Its Buy Rating for PG&E (PCG)

BofA lowered the firm's price target on PG&E (PCG) to $21 from $25 and keeps a Buy rating on the shares. While the firm still does not know the level

PG&E price target lowered to $21 from $25 at BofA

Best and worst S&P 500 performers so far in 2025: MRNA, WBA, MU, ON, and more

Columbia Select Large Cap Value Fund Q4 2024 Commentary

The White House has finalized a $15B loan guarantee to PG&E in one of the Biden administration's last actions before President-elect Donald Trump t...

PG&E receives record $15B loan from DoE, Bloomberg says

PG&E receives record $15B loan from Biden administration - Bloomberg

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/C O R R E C T I O N -- PG&E Corporation/

PG&E Provides Over $50 Million in Bill Support to Customers Through REACH Program in 2024, Additional CARE & FERA Discounts Available to Qualifying Customers

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