PG&E stock is trading -16.12% below its average target price of $20.49 after marking a 1.8% 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 $15.0 to $23.0 per share.
PG&E's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.8%. The stock's short ratio is 1.43. The company's insiders own 3.28% 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 96.6%. In conclusion, we believe there is positive market sentiment regarding PG&E.
Institutions Invested in PG&E
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 10% | 254,358,968 | $4,371,158,729 |
| 2024-12-31 | Blackrock Inc. | 7% | 194,776,951 | $3,347,241,798 |
| 2024-12-31 | FMR, LLC | 7% | 187,532,667 | $3,222,748,782 |
| 2024-12-31 | JPMORGAN CHASE & CO | 5% | 128,830,029 | $2,213,943,979 |
| 2024-12-31 | Massachusetts Financial Services Co. | 4% | 114,041,429 | $1,959,801,896 |
| 2024-12-31 | State Street Corporation | 4% | 111,196,617 | $1,910,913,803 |
| 2024-12-31 | Capital International Investors | 3% | 77,035,944 | $1,323,862,656 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 51,988,553 | $893,423,255 |
| 2024-12-31 | Third Point, LLC | 2% | 48,500,000 | $833,472,474 |
| 2024-12-31 | Capital Research Global Investors | 2% | 46,805,768 | $804,357,098 |
