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BMO Capital Initiates Coverageof PGE Corporation- Preferred Security PC G. PR Xwith Outperform Recommendation

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  Fintel reports that on January 13, 2025, BMO Capital initiated coverage of PG&E Corporation - Preferred Security (NYSE:PCG.PRX) with a Outperform recommendation. What are Other Shareholders Doing? Sanders Morris Harris holds 6K shares.

BMO Capital Markets has initiated coverage on PG&E Corporation's preferred security, PCG.PRX, with an "Outperform" recommendation. Analyst James Rowe highlighted that the preferred shares offer a compelling yield of 6.5% and are trading at a significant discount to their par value, presenting an attractive investment opportunity. Rowe also noted that despite the challenges faced by PG&E in the past, including bankruptcy due to wildfire liabilities, the company has made significant progress in enhancing its infrastructure and reducing risk, which supports a positive outlook for its preferred securities. The coverage initiation reflects confidence in PG&E's strategic direction and financial stability moving forward.

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