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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
89% more call options, than puts
Call options by funds: $510M | Put options by funds: $270M
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
31% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 62
11% more capital invested
Capital invested by funds: $37.3B [Q2] → $41.4B (+$4.08B) [Q3]
2% more funds holding
Funds holding: 648 [Q2] → 660 (+12) [Q3]
2.09% less ownership
Funds ownership: 99.94% [Q2] → 97.86% (-2.09%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
BMO Capital James Thalacker 68% 1-year accuracy 52 / 76 met price target | 23%upside $21 | Outperform Initiated | 13 Jan 2025 |
Morgan Stanley Stephen Byrd 53% 1-year accuracy 59 / 111 met price target | 18%upside $20 | Equal-Weight Maintained | 20 Dec 2024 |
UBS Gregg Orrill 33% 1-year accuracy 2 / 6 met price target | 41%upside $24 | Buy Maintained | 19 Dec 2024 |
Barclays Nicholas Campanella 66% 1-year accuracy 49 / 74 met price target | 41%upside $24 | Overweight Maintained | 17 Dec 2024 |
Mizuho Paul Fremont 53% 1-year accuracy 9 / 17 met price target | 53%upside $26 | Outperform Maintained | 27 Nov 2024 |
Financial journalist opinion
Based on 11 articles about PCG published over the past 30 days
