PG&E Starting To Climb Out Of Valuation Pit

Vlae Kershner3.03K FollowersFollow5ShareSavePlay(7min)Comment(1)SummaryUtilities have been performing strongly, with those recovering from wildfire damage claims outperforming the sector.PG&E reaffirmed its positive earnings and growth forecasts.Wildfire safety metrics are improving, but more action is needed by the state, with recommendations due April 1.The convertible preferred PCG.PR.X offers a way to obtain the common shares at a discount. MattGush/iStock Editorial via Getty Images One of this year's major themes has been value stocks outperforming growth, reversing the longstanding outperformance of mega-cap tech favorites. One of the value sectors, utilities, is well ahead of the S&P 500 year-to-date. Among utilities, three electricThis article was written byVlae Kershner3.03K FollowersFollowI am a 35-year stock market investor, MBA, and retired reporter and editor for the San Francisco Chronicle. My primary style is a mix of growth and income, with attention to special situations.Analyst’s Disclosure: I/we have a beneficial long position in the shares of PCG, PCG.PR.X either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.