Institutional Investors' Divergent Views on PCG Shares

2024-03-12

Pacific Gas & Electric Co. (PCG) was a focal point of trading activity for both Hedge Funds and ETFs in the quarter ending on December 31, 2023. Data revealed that 616 Hedge Funds collectively held 2,059,994,229 PCG shares, while 47 ETFs possessed 109,658,883 PCG shares.

During the last quarter, 279 Hedge Funds were actively buying PCG, acquiring a total of 151,611,438 shares. In contrast, 212 Hedge Funds were selling off PCG shares, amounting to 143,559,531 shares being offloaded. Notably, 49 Hedge Funds doubled their position on PCG, while 10 Hedge Funds decided to sell at least 90% of their PCG shares.

Among the top institutional holders of PCG shares were Vanguard Group Inc., FMR LLC, BlackRock Inc., JPMorgan Chase & Co, and Capital International Investors. On the other hand, institutions such as Prudential Financial Inc., Zimmer Partners LP, and Citadel Advisors LLC displayed a more pessimistic outlook. In contrast, Jane Street Group LLC, Norges Bank, and JPMorgan Chase & Co were among the institutions showcasing optimism towards PCG.

The data, sourced from sharkstracker.com, offered a detailed and data-centric overview of the market's activity concerning PCG. For those interested in delving deeper into the specifics, the full report can be accessed at: [SharksTracker - PCG Report](https://www.sharkstracker.com/reports/ReportDetail12:PCG/?rrr=3).