PG&E is trading at $17.00, down -5.26%, amid utility-sector weakness after hawkish Federal Reserve commentary at Jackson Hole increased rate sensitivity.
- No material PG&E-specific announcement was identified on August 28, 2026; recent company news was supportive, with second-quarter earnings above estimates and guidance reaffirmed.
- XLU is down 1.25%, reinforcing the sector explanation, while broad indexes remain comparatively steady.