15 Best Large Cap Energy Stocks to Buy According to Hedge Funds

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10. PG&E Corporation (NYSE:PCG)

No. of Hedge Funds Holders: 76

PG&E Corporation (NYSE:PCG) provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California.

PG&E Corporation (NYSE:PCG) slightly fell below forecasts in both revenue and earnings in the first quarter of 2025. However, despite the miss, the company remains confident in meeting its FY 2025 targets, reaffirming its 2025 non-GAAP core earnings guidance at $1.48 to $1.52 per share.

PG&E Corporation (NYSE:PCG) continues to believe in its long-term strategy, and its EPS growth guidance for 2026 through 2028 remains at least 9% each year. To make sure it is prepared to meet the growing electricity demand in America, the company has also outlined a $63 billion capital plan through 2028, with a special focus on data center growth and affordability. Thanks to its operations in the Bay Area, PG&E’s data center pipeline has grown to 8.7 GW from 5.5 GW, with nearly 3,000 customers added to its electric grid system in the first quarter of 2025.

PG&E Corporation (NYSE:PCG) also remains committed to its shareholders and is targeting a 20% dividend payout by 2028. The company also announced a regular quarterly dividend of $0.025 per share just last week.

With 76 hedge fund investors in the Insider Monkey database at the end of Q1 2025, PG&E Corporation (NYSE:PCG) is included among the Top 10 Large Cap Energy Stocks According to Hedge Funds.

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