Since 2013, PG&E already invested $1.6 billion in its vegetation management programs to reduce power outages and wildfire risks.
Additionally, it is offering no-cost dead tree clean-up assistance to customers to protect power lines in 11 counties.
PG&E Corporation (NYSE: PCG) stock rating
In a report released on Monday, investment analysts at Well Fargo downgraded their rating on shares of PG&E Corporation (NYSE:PCG) from Outperform to Market Perform.
On December 10, Mizuho Securities reconfirmed its Buy rating on PCG shares and set a price target of $78, a potential upside 45.9%. The equity research firm’s analysts previously downgraded the stock to Neutral.
Among 14 analysts covering the stock of the utility company, nine recommended a Buy rating and 5 issued a Hold rating.
