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 6,809 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]
41% more repeat investments, than reductions
Existing positions increased: 287 | Existing positions reduced: 203
17% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 69
11% more capital invested
Capital invested by funds: $35B [Q2] → $38.7B (+$3.7B) [Q3]
2% more funds holding
Funds holding: 648 [Q2] → 660 (+12) [Q3]
2.27% less ownership
Funds ownership: 93.87% [Q2] → 91.6% (-2.27%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
1%
upside
Avg. target
$24
19%
upside
High target
$26
31%
upside
5 analyst ratings
4 positive
80%
1 neutral
20%
0 negative
0%
UBS Gregg Orrill 50% 1-year accuracy 2 / 4 met price target | 21%upside $24 | Buy Maintained | 19 Dec 2024 |
Barclays Nicholas Campanella 63% 1-year accuracy 45 / 71 met price target | 21%upside $24 | Overweight Maintained | 17 Dec 2024 |
Mizuho Paul Fremont 53% 1-year accuracy 9 / 17 met price target | 31%upside $26 | Outperform Maintained | 27 Nov 2024 |
Jefferies Julien Dumoulin-Smith 54% 1-year accuracy 73 / 135 met price target | 21%upside $24 | Buy Initiated | 14 Oct 2024 |
Morgan Stanley Stephen Byrd 52% 1-year accuracy 58 / 111 met price target | 1%upside $20 | Equal-Weight Maintained | 25 Sept 2024 |
Financial journalist opinion
Based on 21 articles about PCG published over the past 30 days
Positive
Zacks Investment Research
3 days ago
Here's Why PG&E (PCG) is a Strong Value Stock
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Positive
Benzinga
3 days ago
Vistra, Entergy, NiSource, PG&E: 4 Utilities Power Up For Bullish 2025, Says JPMorgan
JPMorgan analysts Jeremy Tonet and Richard W. Sunderland believe utilities in North America are gearing up for a stellar 2025.
Positive
NYTimes
4 days ago
PG&E Secures $15 Billion Loan From U.S. Energy Department
The loan, the biggest-ever commitment from the Loan Programs Office, is intended to fund the California utility's grid and climate resiliency projects.
Positive
Reuters
4 days ago
US agrees to $15 bln loan to PG&E, WSJ reports
The United States will offer a record $15 billion low-interest loan to California-based utility PG&E to support climate resilience projects and upgrade the electrical grid, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Neutral
PRNewsWire
4 days ago
Leo P. Denault, Former Chairman and Chief Executive Officer of Entergy Corporation, to Join PG&E Boards of Directors
OAKLAND, Calif. , Dec. 16, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) today announced the appointment of Leo P.
Neutral
PRNewsWire
4 days ago
More Than $250,000 in College Scholarships Now Available from PG&E for Students in Northern and Central California
Application Deadline is March 22, 2025 OAKLAND, Calif. , Dec. 16, 2024 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) announced today that scholarship applications are now being accepted for college-bound high schoolers as well as current college and continuing education students with a primary residence in Northern and Central California.
Positive
Zacks Investment Research
5 days ago
4 Utility Stocks Ready to Continue Their Winning Streaks in 2025
Capital-intensive stocks like PCG, VST, NJR and OTTR are gaining on rate declines and are expected to continue strong performance in 2025, based on operational expertise.
Neutral
PRNewsWire
1 week ago
PG&E Readies Resources, Crews Ahead of Storm Bringing Heavy Rain and Wind to Northern California
OAKLAND, Calif. , Dec. 13, 2024 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) has positioned crews and resources across its service area to support the safe and swift response repair to damage and restore power outages that may result from the forecasted heavy rain and strong winds that will impact much of Northern California beginning today and through the weekend.
Positive
Seeking Alpha
1 week ago
PG&E Is A Buy On Its Improving Profitability, Dividend Growth Potential
PG&E's transformative net-zero carbon plan and aggressive infrastructure expansion make it an attractive investment despite underperformance compared to the S&P 500. The company's strong CAPEX plan, focusing on renewable energy and wildfire mitigation, supports long-term growth and operational efficiency. Funding through equity and debt issuance poses dilution and debt risks, but robust cash flow projections and dividend growth mitigate concerns.
Positive
Seeking Alpha
1 week ago
PG&E's New Convertible Preferred Offers Dual Benefit
PG&E has a new series of 6% preferred stock that converts into common after three years. The conversion terms offer a potential 25% upside. There are more risks than with a conventional preferred.
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