Pacific Gas & Electric Co. stock is trading -16.62% below its average target price of $19.46 after dropping -1.4% during today's afternoon session. Analysts are giving the large-cap Utilities—Independent Power Producers company an average rating of buy and target prices ranging from $14.0 to $21.0 per share.
The stock has a very low short interest at 1.7%, and a short ratio of 2.33. The company's insiders own 2.84% 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 74.2% of Pacific Gas & Electric Co.'s shares being owned by this investor type.
Institutions Invested in Pacific Gas & Electric Co.
|2023-06-30||Vanguard Group Inc||10%||246,675,783||$4,002,314,673|
|2023-06-30||Capital Research Global Investors||5%||129,917,458||$2,107,910,805|
|2023-06-30||Capital International Investors||4%||101,021,577||$1,639,075,125|
|2023-06-30||JP Morgan Chase & Company||4%||93,897,501||$1,523,486,989|
|2023-06-30||State Street Corporation||3%||88,758,535||$1,440,107,264|
|2023-06-30||Massachusetts Financial Services Co.||3%||65,341,888||$1,060,172,157|
|2023-06-30||Third Point, LLC||2%||54,000,000||$876,150,020|
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Pacific Gas & Electric Co..