Pacific Gas & Electric Co. stock is trading -13.53% below its average target price of $18.7 after marking a 1.8% change Friday. Analysts are giving the large-cap Utilities—Independent Power Producers company an average rating of buy and target prices ranging from $13.0 to $22.0 per share.
The stock has an average amount of shares sold short at 2.8%, and a short ratio of 4.18. The company's insiders own 7.69% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 73.6% of Pacific Gas & Electric Co.'s shares being owned by this investor type.
Institutions Invested in Pacific Gas & Electric Co.
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Vanguard Group, Inc. (The) | 9% | 224,115,552 | $3,623,948,492 |
| 2022-12-31 | Capital Research Global Investors | 8% | 200,022,503 | $3,234,363,888 |
| 2022-12-31 | FMR, LLC | 7% | 177,226,251 | $2,865,748,492 |
| 2022-12-31 | Blackrock Inc. | 5% | 119,554,792 | $1,933,200,995 |
| 2022-12-31 | Capital International Investors | 3% | 85,651,594 | $1,384,986,281 |
| 2022-12-31 | State Street Corporation | 3% | 84,838,312 | $1,371,835,511 |
| 2022-12-31 | Third Point, LLC | 2% | 59,070,000 | $955,161,904 |
| 2022-12-31 | Price (T.Rowe) Associates Inc | 2% | 48,852,853 | $789,950,636 |
| 2022-12-31 | Blackstone Inc | 2% | 47,578,945 | $769,351,544 |
| 2022-12-31 | Massachusetts Financial Services Co. | 2% | 47,062,244 | $760,996,489 |
