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PG&E
PCG

$17.60
0.62%
 

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 6,702 funds
0
Analysts bullish %
of 11 analysts
0
News positive %
of 10 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

113% more call options, than puts

Call options by funds: $356M | Put options by funds: $167M

16% more repeat investments, than reductions

Existing positions increased: 241 | Existing positions reduced: 208

12% more first-time investments, than exits

New positions opened: 95 | Existing positions closed: 85

2% more funds holding

Funds holding: 621 [Q4 2023] → 631 (+10) [Q1 2024]

2.96% less ownership

Funds ownership: 95.73% [Q4 2023] → 92.77% (-2.96%) [Q1 2024]

10% less capital invested

Capital invested by funds: $36.8B [Q4 2023] → $33.2B (-$3.65B) [Q1 2024]

33% less funds holding in top 10

Funds holding in top 10: 18 [Q4 2023] → 12 (-6) [Q1 2024]

Research analyst outlook

11 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$17
3%
downside
Avg. target
$20
16%
upside
High target
$23
31%
upside

11 analyst ratings

positive
73%
neutral
27%
negative
0%
Morgan Stanley
Stephen Byrd
3%downside
$17
Equal-Weight
Maintained
24 Jun 2024
Barclays
Nicholas Campanella
19%upside
$21
Overweight
Maintained
17 Jun 2024
Citigroup
Praful Mehta
19%upside
$21
Buy
Maintained
14 Jun 2024
JP Morgan
Jeremy Tonet
25%upside
$22
Overweight
Upgraded
10 Jun 2024
Barclays
Nicholas Campanella
25%upside
$22
Overweight
Maintained
5 Jun 2024

Financial journalist opinion

Based on 10 articles about PCG published over the past 30 days