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.
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 10% | 246,675,783 | $4,002,314,673 |
| 2023-06-30 | FMR, LLC | 7% | 171,985,300 | $2,790,461,558 |
| 2023-06-30 | Blackrock Inc. | 6% | 144,035,914 | $2,336,982,759 |
| 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 |
| 2023-06-30 | Blackstone Inc | 2% | 48,078,945 | $780,080,900 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Pacific Gas & Electric Co..
