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: 28,400
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
103% more first-time investments, than exits
New positions opened: 120 | Existing positions closed: 59
89% more repeat investments, than reductions
Existing positions increased: 334 | Existing positions reduced: 177
19% more funds holding in top 10
Funds holding in top 10: 16 [Q3] → 19 (+3) [Q4]
8% more funds holding
Funds holding: 664 [Q3] → 716 (+52) [Q4]
8% more capital invested
Capital invested by funds: $38.7B [Q3] → $41.6B (+$2.95B) [Q4]
2.46% more ownership
Funds ownership: 91.5% [Q3] → 93.96% (+2.46%) [Q4]
38% less call options, than puts
Call options by funds: $206M | Put options by funds: $331M
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Guggenheim Shahriar Pourreza 57% 1-year accuracy 13 / 23 met price target | 1%downside $17 | Neutral Maintained | 25 Apr 2025 |
Jefferies Julien Dumoulin-Smith 58% 1-year accuracy 47 / 81 met price target | 28%upside $22 | Buy Maintained | 23 Apr 2025 |
BMO Capital James Thalacker 78% 1-year accuracy 57 / 73 met price target | 28%upside $22 | Outperform Maintained | 14 Apr 2025 |
Barclays Nicholas Campanella 59% 1-year accuracy 47 / 80 met price target | 28%upside $22 | Overweight Maintained | 9 Apr 2025 |
Morgan Stanley Stephen Byrd 56% 1-year accuracy 60 / 108 met price target | 2%upside $17.50 | Underweight Maintained | 20 Mar 2025 |
Financial journalist opinion
Based on 18 articles about PCG published over the past 30 days









