PG&EPCG
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 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]
41% more repeat investments, than reductions
Existing positions increased: 284 | Existing positions reduced: 201
10% more capital invested
Capital invested by funds: $35B [Q2] → $38.7B (+$3.68B) [Q3]
3% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 76
0% more funds holding
Funds holding: 649 [Q2] → 651 (+2) [Q3]
2.33% less ownership
Funds ownership: 93.87% [Q2] → 91.55% (-2.33%) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Barclays Nicholas Campanella 72% 1-year accuracy 49 / 68 met price target | 19%upside $25 | Overweight Maintained | 21 Oct 2024 |
Jefferies Julien Dumoulin-Smith 61% 1-year accuracy 44 / 72 met price target | 14%upside $24 | Buy Initiated | 14 Oct 2024 |
Morgan Stanley Stephen Byrd 46% 1-year accuracy 22 / 48 met price target | 5%downside $20 | Equal-Weight Maintained | 25 Sept 2024 |
B of A Securities Ross Fowler 75% 1-year accuracy 12 / 16 met price target | 14%upside $24 | Buy Reinstated | 12 Sept 2024 |
UBS Gregg Orrill 100% 1-year accuracy 1 / 1 met price target | 24%upside $26 | Buy Maintained | 3 Sept 2024 |
Financial journalist opinion
Based on 20 articles about PCG published over the past 30 days
