PG&E
About: PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.
Employees: 28,000
0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
84% more call options, than puts
Call options by funds: $474M | Put options by funds: $258M
45% more funds holding in top 10
Funds holding in top 10: 11 [Q2] → 16 (+5) [Q3]
42% more repeat investments, than reductions
Existing positions increased: 287 | Existing positions reduced: 202
14% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 71
11% more capital invested
Capital invested by funds: $35B [Q2] → $38.7B (+$3.69B) [Q3]
2% more funds holding
Funds holding: 649 [Q2] → 659 (+10) [Q3]
2.29% less ownership
Funds ownership: 93.87% [Q2] → 91.58% (-2.29%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
3%
downside
Avg. target
$24
16%
upside
High target
$26
27%
upside
5 analyst ratings
4 positive
80%
1 neutral
20%
0 negative
0%
Mizuho Paul Fremont 77% 1-year accuracy 10 / 13 met price target | 27%upside $26 | Outperform Maintained | 27 Nov 2024 |
Barclays Nicholas Campanella 83% 1-year accuracy 39 / 47 met price target | 22%upside $25 | Overweight Maintained | 21 Oct 2024 |
Jefferies Julien Dumoulin-Smith 65% 1-year accuracy 43 / 66 met price target | 17%upside $24 | Buy Initiated | 14 Oct 2024 |
Morgan Stanley Stephen Byrd 66% 1-year accuracy 21 / 32 met price target | 3%downside $20 | Equal-Weight Maintained | 25 Sept 2024 |
B of A Securities Ross Fowler 82% 1-year accuracy 9 / 11 met price target | 17%upside $24 | Buy Reinstated | 12 Sept 2024 |
Financial journalist opinion
Based on 25 articles about PCG published over the past 30 days
Positive
Zacks Investment Research
18 hours ago
PG&E (PCG) Upgraded to Buy: Here's Why
PG&E (PCG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Neutral
PRNewsWire
2 days ago
PG&E Corporation Announces Pricing of Concurrent Offerings of Common Stock and Mandatory Convertible Preferred Stock
OAKLAND, Calif. , Dec. 2, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) ("PG&E" or the "Company") announced today the pricing of its previously announced concurrent underwritten public offerings of (i) 48,661,800 shares of common stock, no par value ("Common Stock"), of the Company at a public offering price of $20.55 per share of Common Stock (the "Common Stock Offering") and (ii) 28,000,000 shares of newly issued Series A Mandatory Convertible Preferred Stock ("Preferred Stock") of the Company at a public offering price of $50.00 per share of Preferred Stock (the "Preferred Stock Offering" and, together with the Common Stock Offering, the "Offerings").
Positive
Zacks Investment Research
2 days ago
Why PG&E (PCG) is a Top Value Stock for the Long-Term
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Negative
Reuters
2 days ago
PG&E shares fall after launching $2.4 bln equity capital raise
Shares of PG&E Corp fell about 7% on Monday after the power and natural gas company announced that it planned to raise $2.4 billion from investors via a stock offering.
Negative
Benzinga
2 days ago
Stellantis, PG&E And Other Big Stocks Moving Lower In Monday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Monday.
Neutral
PRNewsWire
3 days ago
PG&E Corporation Announces Launch of Concurrent Offerings of Common Stock and Mandatory Convertible Preferred Stock
OAKLAND, Calif. , Dec. 2, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) ("PG&E" or the "Company") announced today the launch of concurrent underwritten public offerings of (i) $1,200 million of shares of common stock, no par value ("Common Stock"), of the Company and (ii) $1,200 million of newly issued Series A Mandatory Convertible Preferred Stock ("Preferred Stock") of the Company (together, the "Offerings").
Neutral
PRNewsWire
3 days ago
Dates Set for PG&E Quarterly Stock Dividends
OAKLAND, Calif. , Dec. 2, 2024 /PRNewswire/ -- On November 29, 2024, PG&E Corporation (NYSE: PCG) declared its fourth-quarter 2024 regular cash dividend of $0.025 per share on the Corporation's common stock.
Neutral
PRNewsWire
1 week ago
PG&E Provides Over $50 Million in Bill Support to Customers Through REACH Program in 2024, Additional CARE & FERA Discounts Available to Qualifying Customers
Nearly 58,000 Customers Received REACH Benefits in 2024; Customers are Encouraged to Check Eligibility and Apply for CARE & FERA OAKLAND, Calif. , Nov. 25, 2024 /PRNewswire/ -- Nearly 58,000 Pacific Gas and Electric Company (PG&E) customers received more than $50 million in total financial assistance this year from the Relief for Energy Assistance through Community Help (REACH) program.
Neutral
PRNewsWire
1 week ago
Final Opportunity to Apply for PG&E Resilience Hubs Grants to Help Communities Address Climate and Disaster Needs
Total of $400,000 in Funding; Deadline to Apply is Jan. 31, 2025 OAKLAND, Calif. , Nov. 25, 2024 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is accepting applications for its Resilience Hubs Grant program.
Neutral
PRNewsWire
1 week ago
Merry & Mindful: PG&E's Energy-Efficient Solutions for a Season of Savings
Festive, Budget-Friendly Tips to Help Reign in Energy Waste & Lower Bills OAKLAND, Calif. , Nov. 22, 2024 /PRNewswire/ -- 'Tis the season for more houseguests, mouthwatering meals, and dazzling decorations.
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