Has Market Sentiment Shifted on Pacific Gas & Electric Co.?

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.