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PG&E Declares $0.05 Q1 Dividend → UBS Raises PT to $23, All 13 Analysts Rate Buy

PG&E declared its Q1 2026 dividend of $0.05 per share while UBS raised its price target to $23, and in a remarkable show of consensus, all 13 analysts covering the stock maintain Buy ratings with an average price target of $22.40 reflecting broad confidence in the California utility's post-bankruptcy recovery and wildfire mitigation progress. The company continues to invest heavily in grid hardening and safety technology to reduce future wildfire liability. Risks include persistent wildfire liability exposure in the California service territory, potential regulatory disallowances for cost recovery, and significant ongoing capital requirements.

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