PG&EPCG
Market Cap: $52.5B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
77% more call options, than puts
Call options by funds: $402M | Put options by funds: $228M
32% more repeat investments, than reductions
Existing positions increased: 271 | Existing positions reduced: 205
4% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 71
4% more capital invested
Capital invested by funds: $33.4B [Q1] → $34.7B (+$1.36B) [Q2]
0% more funds holding
Funds holding: 643 [Q1] → 646 (+3) [Q2]
0.25% less ownership
Funds ownership: 93.38% [Q1] → 93.13% (-0.25%) [Q2]
8% less funds holding in top 10
Funds holding in top 10: 12 [Q1] → 11 (-1) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
UBS Gregg Orrill 100% 1-year accuracy 3 / 3 met price target | 29%upside $26 | Buy Maintained | 3 Sept 2024 |
Morgan Stanley Stephen Byrd 60% 1-year accuracy 40 / 67 met price target | 5%downside $19 | Equal-Weight Maintained | 23 Aug 2024 |
Barclays Nicholas Campanella 93% 1-year accuracy 38 / 41 met price target | 15%upside $23 | Overweight Maintained | 30 Jul 2024 |
Wells Fargo Neil Kalton 89% 1-year accuracy 31 / 35 met price target | 10%upside $22 | Overweight Maintained | 26 Jul 2024 |
Barclays Nicholas Campanella 93% 1-year accuracy 38 / 41 met price target | 10%upside $22 | Overweight Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 5 articles about PCG published over the past 30 days