On April 21, 2026, Truist Securities initiated coverage of PG&E (NYSE: PCG) with a Buy recommendation, projecting a 34.34% upside to an average one-year price target of $22.82 per share. This target exceeds its latest closing price of $16.99 per share.
The projected annual revenue for PG&E is $24.663 billion, reflecting a decrease of 1.09%, while the non-GAAP EPS is forecasted at 1.66. Institutional ownership has dropped by 750 funds, or 45.45%, over the last quarter, with total shares held declining by 13.34% to approximately 2.14 billion shares.
Massachusetts Financial Services reduced its ownership by 6.76% to 115.61 million shares, while AQR Capital Management increased its stake by 37.75% to 74.85 million shares. The overall put/call ratio stands at 0.21, indicating a bullish sentiment among investors.
