Director Denault buys 6,300 PCG shares at $15.96 on 2025-03-11; stock now $16.22 after -25.0% decline from 52-week high
Leo P. Denault, a director of PG&E Corp, made an initial purchase of 6,300 shares at $15.96 per share, establishing a position in a large-cap utility (market cap $43.3B, P/E 14.35). The transaction occurred near the lower end of the 52-week range ($15.16–$21.63), with the current price $16.22 reflecting a -25.0% decline from the 52-week high. The utility shows stable near-zero annual revenue growth (-0.0%) with recent quarterly net income of $579.0M on $5.9B revenue. This inaugural stake by a director at a price point relatively depressed from recent highs merits monitoring of whether this signals management conviction in the current valuation or part of a broader board investment pattern.