Pacific Gas & Electric Co. stock is trading -9.67% below its average target price of $19.45 after marking a 1.3% during today's evening session. Analysts are giving the large-cap Utilities—Independent Power Producers company an average rating of buy and target prices ranging from $15.0 to $21.0 per share.
Pacific Gas & Electric Co.'s short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.2%. The stock's short ratio is 2.22. The company's insiders own 2.84% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 74.2%. In conclusion, we believe there is positive market sentiment regarding Pacific Gas & Electric Co..
Institutions Invested in Pacific Gas & Electric Co.
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group Inc | 9% | 235,741,613 | $4,141,980,068 |
| 2023-03-31 | FMR, LLC | 7% | 175,258,954 | $3,079,299,768 |
| 2023-03-31 | Capital Research Global Investors | 6% | 148,712,460 | $2,612,877,876 |
| 2023-03-31 | Blackrock Inc. | 5% | 134,314,990 | $2,359,914,333 |
| 2023-03-31 | Capital International Investors | 4% | 91,564,620 | $1,608,790,345 |
| 2023-03-31 | State Street Corporation | 3% | 83,764,133 | $1,471,735,791 |
| 2023-03-31 | JP Morgan Chase & Company | 2% | 62,502,105 | $1,098,161,965 |
| 2023-03-31 | Third Point, LLC | 2% | 59,250,000 | $1,041,022,481 |
| 2023-03-31 | Massachusetts Financial Services Co. | 2% | 53,273,597 | $936,017,083 |
| 2023-03-31 | Price (T.Rowe) Associates Inc | 2% | 50,328,088 | $884,264,490 |
