PG&E stock is trading -14.1% below its average target price of $19.57 after marking a 1.4% during today's morning session. Analysts are giving the Large-Cap Utilities—Independent Power Producers company an average rating of buy and target prices ranging from $16.0 to $22.0 per share.
The stock has a very low short interest at 1.3%, and a short ratio of 1.75. The company's insiders own 3.34% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 97.7% of PG&E's shares being owned by this investor type.
Institutions Invested in PG&E
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 11% | 276,696,522 | $4,651,268,387 |
| 2023-12-31 | FMR, LLC | 7% | 172,625,400 | $2,901,832,881 |
| 2023-12-31 | Blackrock Inc. | 6% | 161,540,380 | $2,715,493,701 |
| 2023-12-31 | JP Morgan Chase & Company | 5% | 122,908,650 | $2,066,094,340 |
| 2023-12-31 | Capital International Investors | 4% | 116,093,791 | $1,951,536,564 |
| 2023-12-31 | State Street Corporation | 4% | 108,942,891 | $1,831,329,939 |
| 2023-12-31 | Massachusetts Financial Services Co. | 3% | 84,516,243 | $1,420,717,999 |
| 2023-12-31 | Capital Research Global Investors | 3% | 79,654,737 | $1,338,996,086 |
| 2023-12-31 | Third Point, LLC | 2% | 57,860,000 | $972,626,569 |
| 2023-12-31 | Blackstone Inc | 2% | 48,578,945 | $816,612,039 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on PG&E.
