PG&E stock is trading -7.9% below its average target price of $21.91 after dropping -2.0% 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 $18.0 to $26.0 per share.
PG&E's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.6%. The stock's short ratio is 3.45. The company's insiders own 2.73% 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 78.1%. In conclusion, we believe there is positive market sentiment regarding PG&E.
Institutions Invested in PG&E
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 11% | 283,644,220 | $5,723,940,446 |
| 2024-06-30 | Blackrock Inc. | 7% | 176,400,732 | $3,559,766,825 |
| 2024-06-30 | FMR, LLC | 6% | 168,235,030 | $3,394,982,956 |
| 2024-06-30 | JP Morgan Chase & Company | 5% | 129,794,575 | $2,619,254,563 |
| 2024-06-30 | Capital International Investors | 5% | 125,643,438 | $2,535,484,617 |
| 2024-06-30 | State Street Corporation | 4% | 103,762,345 | $2,093,924,153 |
| 2024-06-30 | Massachusetts Financial Services Co. | 4% | 101,910,190 | $2,056,547,665 |
| 2024-06-30 | Third Point, LLC | 2% | 53,750,000 | $1,084,675,016 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 49,300,145 | $994,876,941 |
| 2024-06-30 | Blackstone Inc | 2% | 40,629,871 | $819,910,809 |
