12 Best Energy Stocks to Invest In According to Billionaires

8. PG&E Corporation (NYSE:PCG)

Number of Billionaire Holders: 16

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)’s adjusted EPS of $0.31 in Q4 2024 was in line with expectations, but its revenue of $6.63 billion was down 5.82% YoY and missed estimates by $587.6 million. Moreover, the company’s operating cash flow of $8 billion in 2024 was also significantly up from $4.7 billion in the year before. PCG announced an annual dividend rate of $0.10 per share for 2025, significantly from $0.04 last year. The company announced that it is targeting to reach a dividend payout ratio of 20% of its core earnings per share by 2028 with consistent annual increases.

PG&E Corporation (NYSE:PCG) is working to serve approximately 5.5 gigawatts of new data center energy demand over the next decade, with 1.4 GW currently in final design and projected to come online by 2030. The company has also announced in its 2024 earnings call that it has achieved a second consecutive year of zero major wildfires caused by its equipment.