20.52 USD
-0.33
1.58%
At close Dec 4, 4:00 PM EST
After hours
20.62
+0.10
0.49%
1 day
-1.58%
5 days
-4.78%
1 month
2.86%
3 months
0.44%
6 months
12.01%
Year to date
13.68%
1 year
18.82%
5 years
116.68%
10 years
-59.84%
 

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

positive
80%
neutral
20%
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.
PG&E (PCG) Upgraded to Buy: Here's Why
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").
PG&E Corporation Announces Pricing of Concurrent Offerings of Common Stock and Mandatory Convertible Preferred Stock
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.
Why PG&E (PCG) is a Top Value Stock for the Long-Term
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.
PG&E shares fall after launching $2.4 bln equity capital raise
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.
Stellantis, PG&E And Other Big Stocks Moving Lower In Monday's Pre-Market Session
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").
PG&E Corporation Announces Launch of Concurrent Offerings of Common Stock and Mandatory Convertible Preferred Stock
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.
Dates Set for PG&E Quarterly Stock Dividends
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.
PG&E Provides Over $50 Million in Bill Support to Customers Through REACH Program in 2024, Additional CARE & FERA Discounts Available to Qualifying Customers
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.
Final Opportunity to Apply for PG&E Resilience Hubs Grants to Help Communities Address Climate and Disaster Needs
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.
Merry & Mindful: PG&E's Energy-Efficient Solutions for a Season of Savings
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