PCG Pacific Gas & Electric Co. Common Stock

NYSE · Utilities · View on SEC EDGAR ↗
$17.94
Price · Aug 19, 2026
Fundamentals as of Jul 23, 2026

About Pacific Gas & Electric Co. Common Stock Company overview from Wikipedia

PCG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$17.93
Market Cap
$39.50B
P/E (TTM)
15.2
EPS (TTM)
$1.18
Revenue (TTM)
$24.93B
Div Yield
ROE
8.6%
Debt/Equity
1.9
52W Range
$14 – $19

PCG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $24.93B
10-point trend, +41.1%
2016-12-31 2025-12-31
EPS $1.18
10-point trend, -57.6%
2016-12-31 2025-12-31
Free Cash Flow $-3.07B
8-point trend, -136.2%
2016-12-31 2025-12-31
Margins 10.8%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
PCG
Peer Median
P/E (TTM)
5-point trend, +105.6%
15.2
21.8
P/S (TTM)
5-point trend, +21.3%
1.6
1.9
P/B
5-point trend, -5.6%
1.2
1.7
EV / EBITDA
5-point trend, -44.9%
21.0
Price / FCF
5-point trend, -159.0%
-12.9

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
PCG
Peer Median
Operating Margin
5-point trend, +108.9%
19.1%
Net Profit Margin
5-point trend, +2620.9%
10.8%
13.3%
ROA
5-point trend, +2277.8%
2.0%
2.6%
ROE
5-point trend, +2152.4%
8.6%
9.5%
ROIC
5-point trend, +1767.6%
5.7%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
PCG
Peer Median
Debt / Equity
5-point trend, -12.6%
1.9
Current Ratio
5-point trend, +52.8%
1.0
0.7
Quick Ratio
5-point trend, +20.8%
0.2

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
PCG
Peer Median
Revenue YoY
5-point trend, +20.8%
2.1%
Revenue CAGR 3Y
5-point trend, +20.8%
4.8%
Revenue CAGR 5Y
5-point trend, +20.8%
6.2%
EPS YoY
5-point trend, +2460.0%
2.6%
Net Income YoY
5-point trend, +3171.6%
7.6%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
PCG
Peer Median
EPS (Diluted)
5-point trend, +2460.0%
$1.18

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
PCG
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
June 30, 2026$0.0500
March 31, 2026$0.0500
Dec. 31, 2025$0.0500
Sept. 30, 2025$0.0250
June 30, 2025$0.0250
March 31, 2025$0.0250
Dec. 31, 2024$0.0250
Sept. 30, 2024$0.0100
June 28, 2024$0.0100
March 27, 2024$0.0100
Dec. 28, 2023$0.0100
Sept. 28, 2017$0.5300
June 28, 2017$0.5300
March 29, 2017$0.4900
Dec. 28, 2016$0.4900
Sept. 28, 2016$0.4900
June 28, 2016$0.4900
March 29, 2016$0.4550
Dec. 29, 2015$0.4550
Sept. 28, 2015$0.4550

PCG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 22 analysts
  • Strong Buy 5 22.7%
  • Buy 11 50.0%
  • Hold 6 27.3%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

16 analysts · 2026-08-18
Median target $22.50 +25.5%
Mean target $22.78 +27.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.03%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.40 $0.37 0.03%
March 31, 2026 $0.48 $0.40 0.08%
Dec. 31, 2025 $0.36 $0.37 -0.01%
Sept. 30, 2025 $0.50 $0.42 0.08%
June 30, 2025 $0.31 $0.32 -0.01%
March 31, 2025 $0.33 $0.34 -0.01%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
PCG $35.32B 13.6 2.1% 10.8% 8.6%
CEG $110.22B 47.7 8.3% 9.1% 16.8%
AEP 17.3 10.9% 16.9% 12.7%
ETR 23.6 9.0% 13.7% 11.1%
XEL $46.06B 21.6 9.4%
EXC $44.59B 15.3 5.3% 11.4% 9.9%
EIX $23.09B 5.2 9.8% 23.1% 26.9%
FE $25.87B 25.4 12.0% 6.8% 8.2%
ES $25.28B 14.8 13.8% 12.6% 10.7%
PPL
NRG $30.32B 39.7 9.2% 2.8% 43.5%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 13
Annual Income Statement data for PCG
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +45.9% $24.93B $24.42B $24.43B $21.68B $20.64B $18.47B $17.13B $16.76B $17.14B $17.67B $16.83B $17.09B
Operating Income 12-point trend, +93.8% $4.75B $4.46B $2.67B $1.84B $1.88B $1.75B $-10.09B $-9.70B $2.90B $2.08B $1.51B $2.45B
Interest Expense 10-point trend, +288.3% · · $2.85B $1.92B $1.60B $1.26B $934M $929M $888M $829M $773M $734M
Interest Income 12-point trend, +5677.8% $520M $604M $606M $162M $20M $39M $82M $76M $31M $23M $9M $9M
Other Non-op 12-point trend, +160.0% $182M $300M $272M $394M $457M $483M $250M $424M $123M $188M $117M $70M
Pretax Income 12-point trend, +35.0% $2.42B $2.31B $699M $476M $748M $-942M $-11.04B $-10.13B $2.17B $1.46B $861M $1.79B
Income Tax 12-point trend, -181.2% $-280M $-200M $-1.56B $-1.34B $836M $362M $-3.40B $-3.29B $511M $55M $-27M $345M
Net Income 12-point trend, +86.4% $2.70B $2.51B $2.26B $1.81B $-88M $-1.30B $-7.64B $-6.84B $1.66B $1.41B $888M $1.45B
EPS (Basic) 12-point trend, -61.6% $1.18 $1.16 $1.09 $0.91 $-0.05 $-1.05 $-14.50 $-13.25 $3.21 $2.79 $1.81 $3.07
EPS (Diluted) 12-point trend, -61.4% $1.18 $1.15 $1.05 $0.84 $-0.05 $-1.05 $-14.50 $-13.25 $3.21 $2.78 $1.79 $3.06
Shares (Basic) 12-point trend, +369.4% 2,197,000,000 2,141,000,000 2,064,000,000 1,987,000,000 1,985,000,000 1,257,000,000 528,000,000 517,000,000 512,000,000 499,000,000 484,000,000 468,000,000
Shares (Diluted) 12-point trend, +368.5% 2,202,000,000 2,147,000,000 2,138,000,000 2,132,000,000 1,985,000,000 1,257,000,000 528,000,000 517,000,000 513,000,000 501,000,000 487,000,000 470,000,000
EBITDA 9-point trend, +214.9% $4.75B $4.46B $2.67B $1.84B $1.88B $1.75B · · $2.96B $2.18B $1.51B ·
Balance Sheet 25
Annual Balance Sheet data for PCG
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +372.2% $713M $940M $635M $734M $291M $484M $1.57B $1.67B $449M $177M $123M $151M
Receivables 12-point trend, +136.1% $2.27B $2.22B $2.05B $2.65B $2.35B $1.88B $1.29B $1.15B $1.24B $1.25B $1.11B $960M
Inventory 12-point trend, -56.4% $75M $52M $65M $91M $44M $95M $97M $111M $115M $117M $126M $172M
Other Current Assets 12-point trend, +45.4% $644M $999M $1.38B $1.43B $882M $1.33B $639M $448M $464M $290M $338M $443M
Current Assets 12-point trend, +147.8% $15.83B $17.22B $14.38B $12.81B $11.08B $9.60B $10.16B $9.20B $6.28B $6.16B $5.81B $6.39B
PP&E (Net) 7-point trend, +50.5% · · · · · $66.14B $61.63B $58.56B $53.79B $50.58B $46.72B $43.94B
PP&E (Gross) 9-point trend, +104.5% $128.99B $118.26B · · · $93.89B $88.09B $83.27B $77.25B $72.59B $67.34B $63.06B
Accum. Depreciation 7-point trend, +45.2% · · · · · $27.76B $26.45B $24.71B $23.46B $22.01B $20.62B $19.12B
Other Non-current Assets 12-point trend, +340.3% $4.24B $3.85B $3.08B $2.97B $2.86B $1.98B $1.80B $1.48B $1.22B $1.23B $1.06B $963M
Total Assets 12-point trend, +135.5% $141.61B $133.66B $125.70B $118.64B $103.33B $97.86B $85.20B $77.00B $68.01B $68.60B $63.23B $60.13B
Accounts Payable 5-point trend, +58.8% · · · · · · · $1.98B $1.65B $1.50B $1.41B $1.24B
Short-term Debt 12-point trend, +322.6% $2.67B $1.52B $3.97B $2.06B $2.18B $3.55B $0 $3.44B $931M $1.52B $1.02B $633M
Current Liabilities 12-point trend, +175.3% $16.30B $16.33B $17.31B $15.79B $17.43B $13.58B $7.63B $41.70B $7.13B $7.56B $6.36B $5.92B
Capital Leases 7-point trend, -79.2% $360M $439M $518M $1.24B $810M $1.21B $1.73B · · · · ·
Deferred Tax 12-point trend, -51.4% $4.13B $3.08B $1.98B $2.73B $3.18B $1.40B $320M $3.28B $5.82B $10.21B $9.21B $8.51B
Other Non-current Liabilities 12-point trend, +101.0% $4.46B $4.17B $3.63B $4.29B $4.31B $3.85B $2.57B $2.46B $2.13B $2.28B $2.33B $2.22B
Long-term Debt 12-point trend, +281.3% $57.39B $53.57B $50.98B $47.74B $42.71B $37.32B $0 $40.63B $350M $352M $16.09B $15.05B
Total Debt 9-point trend, +253.8% $60.88B $57.24B $56.32B $52.06B $44.89B $40.86B · · $19.13B $18.44B $17.21B ·
Common Stock 12-point trend, +203.6% $31.64B $31.55B $30.37B $32.89B $35.13B $30.22B $13.04B $12.91B $12.63B $12.20B $11.28B $10.42B
Retained Earnings 12-point trend, -112.2% $-650M $-2.97B $-5.32B $-7.54B $-9.28B $-9.20B $-7.89B $-250M $6.60B $5.75B $5.30B $5.32B
Treasury Stock 4-point trend, +0.00 · · $0 $2.52B $4.85B $0 · · · · · ·
AOCI 12-point trend, -327.3% $-25M $-19M $-13M $-5M $-20M $-27M $-10M $-9M $-8M $-9M $-7M $11M
Stockholders' Equity 12-point trend, +106.6% $32.54B $30.15B $25.04B $22.82B $20.97B $21.00B $5.14B $12.65B $19.22B $17.94B $16.58B $15.75B
Liabilities + Equity 12-point trend, +135.5% $141.61B $133.66B $125.70B $118.64B $103.33B $97.86B $85.20B $77.00B $68.01B $68.60B $63.23B $60.13B
Shares Outstanding 12-point trend, +361.8% 2,197,942,874 2,193,573,536 2,133,597,758 1,987,784,948 1,985,400,540 1,984,678,673 529,236,741 520,338,710 514,755,845 506,891,874 492,025,443 475,913,404
Cash Flow 12
Annual Cash Flow data for PCG
Metric Trend 202520242023202220212020201920182017201620152014
Operating Cash Flow 12-point trend, +136.2% $8.72B $8.04B $4.75B $3.72B $2.26B $-19.13B $4.82B $4.75B $5.98B $4.41B $3.78B $3.69B
CapEx 12-point trend, +143.9% $11.79B $10.37B $9.71B $9.58B $7.69B $7.69B $6.31B $6.51B $5.64B $5.71B $5.17B $4.83B
Investing Cash Flow 12-point trend, -161.3% $-12.32B $-11.38B $-9.16B $-10.21B $-6.91B $-7.75B $-6.38B $-6.56B $-5.65B $-5.75B $-5.21B $-4.71B
Net Debt Issued 9-point trend, -3876000000.00 $-3.88B $-800M $-3.08B $-5.97B $-87M $-764M · · $-1.45B $-160M $0 ·
Stock Issued 10-point trend, -100.0% $0 $1.13B $0 $0 · · $85M $200M $395M $822M $780M $802M
Net Stock Activity 5-point trend, -100.0% $0 $1.13B · · · · · · $395M $822M $780M ·
Dividends Paid 9-point trend, -89.6% · $86M $0 $0 · · $0 $0 $1.02B $921M $856M $828M
Financing Cash Flow 12-point trend, +282.1% $3.36B $3.62B $4.40B $7.13B $4.32B $25.93B $1.46B $3.03B $-55M $1.17B $1.40B $879M
Net Change in Cash 12-point trend, -66.2% $-241M $281M $-15M $640M $-320M $-950M $-98M $1.22B $272M $54M $-28M $-145M
Taxes Paid 10-point trend, +100.0% · · $0 $0 $-99M $0 $0 $-49M $162M $231M $-77M $-501M
Free Cash Flow 9-point trend, -116.3% $-3.07B $-2.33B $-4.97B $-5.86B $-5.43B $-26.82B · · $336M $-1.30B $-1.42B ·
Levered FCF 7-point trend, -538.9% · · $-14.17B $-13.17B $-5.24B $-28.56B · · $-343M $-2.10B $-2.22B ·
Profitability 7
Annual Profitability data for PCG
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 9-point trend, +112.6% 19.1% 18.3% 10.9% 8.5% 9.1% 9.5% · · 17.2% 12.3% 9.0% ·
Net Margin 9-point trend, +105.3% 10.8% 10.3% 9.2% 8.4% -0.43% -7.1% · · 9.7% 8.0% 5.3% ·
Pretax Margin 9-point trend, +90.2% 9.7% 9.5% 2.9% 2.2% 3.6% -5.1% · · 12.7% 8.3% 5.1% ·
EBITDA Margin 9-point trend, +112.6% 19.1% 18.3% 10.9% 8.5% 9.1% 9.5% · · 17.2% 12.3% 9.0% ·
ROA 9-point trend, +36.1% 2.0% 1.9% 1.8% 1.6% -0.09% -1.4% · · 2.4% 2.1% 1.4% ·
ROE 9-point trend, +57.0% 8.6% 9.1% 9.4% 8.3% -0.42% -10.0% · · 8.9% 8.2% 5.5% ·
ROIC 9-point trend, +23.3% 5.7% 5.5% 10.6% 9.3% -0.34% 3.9% · · 5.9% 5.8% 4.6% ·
Liquidity & Solvency 5
Annual Liquidity & Solvency data for PCG
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 9-point trend, +6.1% 1.0 1.1 0.8 0.8 0.6 0.7 · · 0.9 0.8 0.9 ·
Quick Ratio 9-point trend, -5.3% 0.2 0.2 0.2 0.2 0.2 0.2 · · 0.2 0.2 0.2 ·
Debt / Equity 9-point trend, +80.2% 1.9 1.9 2.2 2.3 2.1 1.9 · · 1.0 1.0 1.0 ·
LT Debt / Equity 9-point trend, +82.4% 1.8 1.8 2.0 2.1 1.8 1.8 · · 0.9 0.9 1.0 ·
Interest Coverage 7-point trend, -52.0% · · 0.9 1.0 1.2 1.4 · · 3.3 2.6 2.0 ·
Efficiency 2
Annual Efficiency data for PCG
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 9-point trend, -33.6% 0.2 0.2 0.2 0.2 0.2 0.2 · · 0.3 0.3 0.3 ·
Receivables Turnover 9-point trend, -31.8% 11.1 11.4 10.4 8.7 9.8 11.7 · · 13.7 15.0 16.3 ·
Per Share 5
Annual Per Share data for PCG
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 9-point trend, -56.1% $14.80 $13.74 $11.74 $11.48 $10.56 $10.58 · · $37.34 $35.39 $33.69 ·
Revenue / Share 9-point trend, -67.2% $11.32 $11.37 $11.43 $10.17 $10.40 $14.69 · · $33.40 $35.26 $34.56 ·
Cash Flow / Share 9-point trend, -48.6% $3.96 $3.74 $2.22 $1.75 $1.14 $-15.22 · · $11.65 $8.80 $7.71 ·
Cash / Share 9-point trend, +29.8% $0.32 $0.43 $0.30 $0.37 $0.15 $0.24 · · $0.87 $0.35 $0.25 ·
EPS (TTM) 12-point trend, -61.4% $1.18 $1.15 $1.05 $0.84 $-0.05 $-1.05 $-14.50 $-13.25 $3.21 $2.78 $1.79 $3.06
Growth Rates 7
Annual Growth Rates data for PCG
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -82.1% 2.1% -0.04% 12.7% 5.0% 11.8% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -51.2% 4.8% 5.8% 9.8% · · · · · · · · ·
Revenue CAGR 5Y 6.2% · · · · · · · · · · ·
EPS YoY 3-point trend, -89.6% 2.6% 9.5% 25.0% · · · · · · · · ·
EPS CAGR 3Y 12.0% · · · · · · · · · · ·
Net Income YoY 3-point trend, -68.8% 7.6% 11.3% 24.4% · · · · · · · · ·
Net Income CAGR 3Y 14.2% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for PCG
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +45.9% $24.93B $24.42B $24.43B $21.68B $20.64B $18.47B $17.13B $16.76B $17.14B $17.67B $16.83B $17.09B
Net Income TTM 12-point trend, +86.4% $2.70B $2.51B $2.26B $1.81B $-88M $-1.30B $-7.64B $-6.84B $1.66B $1.41B $888M $1.45B
Market Cap 9-point trend, +35.0% $35.32B $44.27B $38.47B $32.32B $24.10B $24.73B · · $23.08B $30.80B $26.17B ·
Enterprise Value 9-point trend, +120.8% $95.49B $100.56B $94.16B $83.65B $68.70B $65.11B · · $41.76B $49.06B $43.26B ·
P/E 12-point trend, -21.7% 13.6 17.5 17.2 19.4 -242.8 -11.9 -0.7 -1.8 14.0 21.9 29.7 17.4
P/S 9-point trend, -8.9% 1.4 1.8 1.6 1.5 1.2 1.3 · · 1.3 1.7 1.6 ·
P/B 9-point trend, -31.2% 1.1 1.5 1.5 1.4 1.1 1.2 · · 1.2 1.7 1.6 ·
P / Tangible Book 6-point trend, -7.8% 1.1 1.5 1.5 1.4 1.1 1.2 · · · · · ·
P / Cash Flow 9-point trend, -41.9% 4.1 5.5 8.1 8.7 10.7 -1.3 · · 3.9 7.0 7.0 ·
P / FCF 9-point trend, +37.6% -11.5 -19.0 -7.7 -5.5 -4.4 -0.9 · · 68.7 -23.7 -18.4 ·
EV / EBITDA 9-point trend, -29.9% 20.1 22.6 35.3 45.5 36.5 37.1 · · 14.1 22.5 28.7 ·
EV / FCF 9-point trend, -2.1% -31.1 -43.1 -19.0 -14.3 -12.7 -2.4 · · 124.3 -37.7 -30.5 ·
EV / Revenue 9-point trend, +49.0% 3.8 4.1 3.9 3.9 3.3 3.5 · · 2.4 2.8 2.6 ·
Dividend Yield 6-point trend, -94.2% · 0.19% 0.00% 0.00% · · · · 4.4% 3.0% 3.3% ·
Earnings Yield 12-point trend, +27.7% 7.3% 5.7% 5.8% 5.2% -0.41% -8.4% -133.4% -55.8% 7.2% 4.6% 3.4% 5.8%
Payout Ratio 4-point trend, -96.5% · 3.4% · · · · · · 61.5% 65.5% 96.4% ·
Annual Payout 9-point trend, -89.6% · $86M $0 $0 · · $0 $0 $1.02B $921M $856M $828M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $24.93B$24.42B$24.43B$21.68B$20.64B
Operating Margin % 19.1%18.3%10.9%8.5%9.1%
Net Income $2.70B$2.51B$2.26B$1.81B$-88M
Diluted EPS $1.18$1.15$1.05$0.84$-0.05
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 1.91.92.22.32.1
Current Ratio 1.01.10.80.80.6
Quick Ratio 0.20.20.20.20.2
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $-3.07B$-2.33B$-4.97B$-5.86B$-5.43B

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Institutional owners (13F) 1,063 filers · $23.5B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
134 (-16 vs prior Q) 73 (-10 vs prior Q) 411 (-3 vs prior Q) 316 (+41 vs prior Q) +479.2M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD CAPITAL MANAGEMENT LLC $2,389,051,979 142,036,384 10.16% Shares
STATE STREET CORP $2,167,422,246 128,484,925 9.22% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,865,082,992 110,884,839 7.93% Shares
FMR LLC $1,324,050,343 78,718,807 5.63% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,045,918,158 59,768,195 4.45% Shares
AMERIPRISE FINANCIAL INC $598,535,061 35,595,125 2.55% Shares
NORGES BANK $538,172,300 31,995,975 2.29% Shares
PointState Capital LP $529,830,000 31,500,000 2.25% Call option
Sessa Capital IM, L.P. $413,403,659 24,578,101 1.76% Shares
PointState Capital LP $341,000,606 20,273,520 1.45% Shares
TWO SIGMA INVESTMENTS, LP $328,192,715 19,512,052 1.40% Shares
CANADA PENSION PLAN INVESTMENT BOARD $320,819,903 19,073,716 1.36% Shares
NOMURA HOLDINGS INC $310,608,212 18,466,600 1.32% Call option
Gallagher Fiduciary Advisors, LLC $300,893,950 38,625,667 1.28% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $263,524,356 15,667,322 1.12% Shares
ATLAS Infrastructure Partners (UK) Ltd. $262,883,783 15,629,238 1.12% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $236,925,477 14,085,938 1.01% Shares
Sixth Street Partners Management Company, L.P. $228,908,224 13,609,288 0.97% Shares
MACKENZIE FINANCIAL CORP $223,344,605 13,278,514 0.95% Shares
Clearbridge Investments, LLC $210,813,647 12,533,511 0.90% Shares
VANGUARD FIDUCIARY TRUST CO $207,195,152 12,318,380 0.88% Shares
Capital Research Global Investors $201,615,999 11,985,839 0.86% Shares
Eurizon Capital SGR S.p.A. $195,241,419 11,572,384 0.83% Shares
MILLENNIUM MANAGEMENT LLC $188,033,892 11,179,185 0.80% Shares
JANE STREET GROUP, LLC $186,971,120 11,116,000 0.80% Call option
Pictet Asset Management Holding SA $172,916,974 10,280,065 0.74% Shares
Zimmer Partners, LP $166,250,814 9,884,115 0.71% Shares
CITADEL ADVISORS LLC $151,007,403 8,977,848 0.64% Shares
Balyasny Asset Management L.P. $149,593,329 8,893,777 0.64% Shares
Covalis Capital LLP $147,545,444 8,772,024 0.63% Shares
JENNISON ASSOCIATES LLC $145,889,448 8,673,570 0.62% Shares
140 Summer Partners LP $143,848,004 8,552,200 0.61% Call option
Qube Research & Technologies Ltd $143,027,255 8,503,404 0.61% Shares
ECP ControlCo, LLC $119,837,790 7,124,720 0.51% Shares
BlackRock, Inc. $105,827,504 6,291,766 0.45% Shares
Swiss National Bank $104,474,066 6,211,300 0.44% Shares
CITIGROUP INC $102,928,308 6,119,400 0.44% Call option
DIMENSIONAL FUND ADVISORS LP $101,365,165 6,026,467 0.43% Shares
Bridgewater Associates, LP $99,764,701 5,931,314 0.42% Shares
DME Capital Management, LP $94,092,627 5,594,092 0.40% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $91,462,114 5,437,700 0.39% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $90,898,005 5,404,162 0.39% Shares
LOCUST WOOD CAPITAL ADVISERS, LLC $89,310,796 5,309,798 0.38% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $88,809,600 5,280,000 0.38% Call option
BARCLAYS PLC $87,942,631 5,228,456 0.37% Shares
Sumitomo Mitsui Trust Group, Inc. $87,519,153 5,203,279 0.37% Shares
BNP PARIBAS FINANCIAL MARKETS $86,927,408 5,168,098 0.37% Shares
PRUDENTIAL FINANCIAL INC $85,567,663 5,087,257 0.36% Shares
National Pension Service $83,947,594 4,990,939 0.36% Shares
Brookfield Corp /ON/ $83,212,947 4,947,262 0.35% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $81,514,000 4,846,268 0.35% Shares
California Public Employees Retirement System $79,620,262 4,733,666 0.34% Shares
Vanguard Global Advisers, LLC $79,619,001 4,733,591 0.34% Shares
Owl Creek Asset Management, L.P. $79,497,846 4,726,388 0.34% Shares
WELLINGTON MANAGEMENT GROUP LLP $79,463,079 4,724,321 0.34% Shares
Legal & General Group Plc $76,944,369 4,574,576 0.33% Shares
Danica Pension, Livsforsikringsaktieselskab $76,720,595 4,561,272 0.33% Shares
Rokos Capital Management LLP $76,201,729 4,531,771 0.32% Shares
RHUMBLINE ADVISERS $74,623,499 4,436,600 0.32% Shares
Ensign Peak Advisors, Inc $74,076,390 4,404,066 0.32% Shares
CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC $73,249,839 4,354,925 0.31% Shares
IEQ CAPITAL, LLC $72,738,576 4,324,529 0.31% Shares
CITADEL ADVISORS LLC $72,112,386 4,287,300 0.31% Call option
LOS ANGELES CAPITAL MANAGEMENT LLC $69,547,506 4,134,810 0.30% Shares
Aberdeen Group plc $68,452,236 4,069,693 0.29% Shares
TUDOR INVESTMENT CORP ET AL $68,263,415 4,058,467 0.29% Shares
VANGUARD ASSET MANAGEMENT, Ltd $66,111,834 3,930,549 0.28% Shares
Point72 Asset Management, L.P. $64,590,078 3,840,076 0.27% Shares
BANK OF AMERICA CORP /DE/ $64,463,306 3,832,539 0.27% Shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $64,279,682 3,821,622 0.27% Shares
Squarepoint Ops LLC $63,321,934 3,764,681 0.27% Shares
Electron Capital Partners, LLC $61,887,844 3,679,420 0.26% Shares
BANK OF NOVA SCOTIA $61,711,218 3,668,919 0.26% Shares
Caisse de depot et placement du Quebec $59,232,252 3,521,537 0.25% Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC $57,108,256 3,395,259 0.24% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $57,090,447 3,249,314 0.24% Shares
GOLDMAN SACHS GROUP INC $53,740,053 3,195,009 0.23% Shares
PRINCIPAL FINANCIAL GROUP INC $52,648,569 3,130,117 0.22% Shares
NOMURA HOLDINGS INC $52,199,339 3,103,409 0.22% Shares
Portman Square Capital LLP $52,197,506 3,103,300 0.22% Put option
FIRST TRUST ADVISORS LP $52,154,163 3,100,723 0.22% Shares
Balyasny Asset Management L.P. $50,609,698 3,008,900 0.22% Call option
Focus Partners Wealth $49,587,023 2,947,922 0.21% Shares
Mariner, LLC $48,826,356 2,902,564 0.21% Shares
ALLIANCEBERNSTEIN L.P. $48,078,074 2,736,373 0.20% Shares
Nuveen Asset Management, LLC $47,829,324 2,370,135 0.20% Shares
JANE STREET GROUP, LLC $45,519,293 2,706,260 0.19% Shares
UBS Group AG $44,482,172 2,644,600 0.19% Call option
UniSuper Management Pty Ltd $43,481,382 2,585,100 0.18% Shares
NATIXIS $43,342,365 2,576,835 0.18% Shares
MUFG Securities EMEA plc $41,433,867 2,463,369 0.18% Shares
CWM, LLC $41,322,486 2,351,877 0.18% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $41,197,226 2,449,300 0.18% Put option
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $41,033,769 2,439,582 0.17% Shares
MANGROVE PARTNERS IM, LLC $40,597,004 2,413,615 0.17% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $39,692,140 1,663,882 0.17% Shares
NEW YORK STATE COMMON RETIREMENT FUND $39,046,436 2,321,429 0.17% Shares
Korea Investment CORP $38,823,689 2,308,186 0.17% Shares
DNB Asset Management AS $38,802,277 2,306,913 0.17% Shares
Life Cycle Investment Partners Ltd $37,448,317 2,226,416 0.16% Shares

Company insiders 92 insiders · 39 officers · 45 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Patricia K Poppe Chief Executive Officer March 3, 2025 A 216,921 0 0 $0
William D Johnson CEO and President March 6, 2020 A 139,718 0 0 $0
Andrew Vesey CEO & Pres, Pacific Gas & Elec Feb. 21, 2020 F 37,206 0 0 $0
Geisha J Williams CEO and President Aug. 17, 2018 G 61,361 0 0 $0
Peter A Darbee Chairman, President and CEO March 7, 2011 S 201,796 0 0 $0
Nancy E Mcfadden SVP and Sr. Advisor to CEO March 10, 2010 A 12,789 0 0 $0
William T Morrow President & CEO of Utility July 16, 2008 D 60,258 0 0 $0
Carolyn Jeanne Burke EVP and CFO March 16, 2025 F 48,004 0 0 $0
Christopher A Foster EVP & Chief Financial Officer March 22, 2023 F 61,472 0 0 $0
Jason P. Wells EVP and CFO Aug. 16, 2020 A 148,668 0 0 $0
Thomas B King President July 11, 2007 D 17,898 0 0 $0
Sumeet Singh EVP, Ops &COO at PG&E Company March 3, 2025 A 231,733 0 0 $0
Alejandro T Vallejo EVP, Chief People Officer Aug. 1, 2026 F 70,143 0 0 $0
Carla J Peterman President, EVP Cust&Corp Afrs June 15, 2026 S 163,305 0 1 $-530,190
Kaled Awada EVP, Chief People Officer March 14, 2025 A 79,955 0 0 $0
Stephanie N Williams VP and Controller March 6, 2025 S 22,915 0 0 $0
Ajay Waghray EVP & Chf Information Ofc March 3, 2025 A 174,786 0 0 $0
John R Simon EVP, GC, Chief E&C Officer March 3, 2025 A 104,404 0 0 $0
Julius Cox EVP/Ppl, Shrd Svcs & Spply Chn March 1, 2023 F 40,316 0 0 $0
David S. Thomason VP and Controller March 1, 2021 F 7,967 0 0 $0
Michael A Lewis Interim Pres, PacificGas&Elec Aug. 1, 2020 F 2,240 0 0 $0
Janet C. Loduca SVP, General Counsel March 2, 2020 F 21,056 0 0 $0
Julie Kane SVP, Chief Compliance Officer March 1, 2019 F 15,181 0 0 $0
Dinyar B Mistry SVP HR March 1, 2019 F 27,648 0 0 $0
Hyun Park SVP & Special Cnsl to Chairman May 5, 2017 A 19,026 0 0 $0
Anthony F Earley JR Executive Chair May 5, 2017 A 365,166 0 0 $0
Kent M Harvey SVP, Finance March 4, 2016 S 25,422 0 0 $0
Helen A Burt SVP, Ext. Affairs & Pub.Policy March 1, 2016 F 38,052 0 0 $0
Greg S Pruett SVP, Corporate Affairs March 6, 2014 S 24,602 0 0 $0
Rand L Rosenberg SVP Corp. Strategy & Dev. March 4, 2011 S 30,156 0 0 $0
Stephen J Cairns Vice President and Controller March 4, 2010 S 5,956 0 0 $0
Robert G Powell Vice President and Controller Jan. 2, 2008 S 4,773 0 0 $0
Leslie H Everett SVP, Comm. & Public Affairs Jan. 4, 2007 S 14,040 0 0 $0
Russell M Jackson SVP, Human Resources Jan. 3, 2007 M 11,079 0 0 $0
Bruce R Worthington SVP and General Counsel Aug. 29, 2006 M 19,457 0 0 $0
Daniel D Richard JR SVP - Pub Policy & Gov Affairs Jan. 3, 2006 D 18,673 0 0 $0
Gordon R Smith Senior Vice President Aug. 16, 2005 M 12,534 0 0 $0
Brent G Stanley SVP - Human Resources Jan. 2, 2004 I 29,270 0 0 $0
Chrisman P Iribe Senior Vice President Aug. 8, 2003 A 0 0 $0
Kerry Whorton Cooper Director July 22, 2026 S 88,475 0 2 $-43,125
Leo P Denault Director June 30, 2026 A 16,875 0 0 $0
Iii Mark E Ferguson Director June 5, 2026 G 10,675 0 0 $0
Edward G Cannizzaro Director May 22, 2025 A 31,183 0 0 $0
Arno Lockheart Harris Director May 22, 2025 A 68,952 0 0 $0
William Craig Fugate Director May 22, 2025 A 68,953 0 0 $0
Benjamin Francis Wilson Director May 22, 2025 A 69,133 0 0 $0
Cheryl F. Campbell Director May 22, 2025 A 74,457 0 0 $0
Jessica Denecour Director May 22, 2025 A 70,429 0 0 $0
John O Larsen Director May 22, 2025 A 10,575 0 0 $0
William Lloyd Smith Director May 22, 2025 A 242,364 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 26 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
PG&E Fire Victim Trust, Cathy Yanni, solely in her capacity as Trustee of the PG&E Fire Victim Trust ×10 filings July 14, 2023 Initial filing SEC
March 31, 2020 Initial filing SEC
March 31, 2020 Initial filing SEC
March 2, 2020 Initial filing SEC
March 2, 2020 Initial filing SEC
Jan. 23, 2020 Initial filing SEC
Knighthead Capital Management, LLC ×4 filings Jan. 23, 2020 Initial filing SEC
Dec. 27, 2019 Initial filing SEC
Dec. 27, 2019 Initial filing SEC
Dec. 17, 2019 Initial filing SEC
Dec. 17, 2019 Initial filing SEC
Dec. 11, 2019 Initial filing SEC
Dec. 11, 2019 Initial filing SEC
Nov. 18, 2019 Initial filing SEC
Sept. 13, 2019 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 175 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
FXU · First Trust Exchange-Traded AlphaDE… 3.93% 2,121,198 NS April 30, 2026 N-PORT
RSPU · Invesco Exchange-Traded Fund Trust 3.39% 1,034,362 SH Aug. 8, 2026 Daily
ADPV · Series Portfolios Trust 3.32% 342,701 NS April 30, 2026 N-PORT
PUI · Invesco Exchange-Traded Fund Trust 2.62% 81,978 SH Aug. 8, 2026 Daily
NUKZ · EXCHANGE TRADED CONCEPTS TRUST 2.47% 1,344,080 NS May 31, 2026 N-PORT
VPU · VANGUARD WORLD FUND 2.36% 15,076,296 SH Aug. 8, 2026 Daily
IDU · iShares Trust 2.34% 1,871,478 SH Aug. 8, 2026 Daily
FUTY · FIDELITY COVINGTON TRUST 2.28% 3,367,497 NS April 30, 2026 N-PORT
UPW · ProShares Trust 1.94% 22,855 NS May 31, 2026 N-PORT
BRNY · EA Series Trust 1.72% 571,084 NS April 30, 2026 N-PORT
JXI · iShares Trust 1.69% 303,846 SH Aug. 8, 2026 Daily
TOLZ · ProShares Trust 1.65% 175,594 NS May 31, 2026 N-PORT
UTSL · Direxion Shares ETF Trust 1.56% 40,793 NS April 30, 2026 N-PORT
LQAI · Exchange Listed Funds Trust 1.46% 1,857 NS April 30, 2026 N-PORT
POWR · iShares, Inc. 1.45% 388,388 SH Aug. 8, 2026 Daily
BRCE · MFS Active Exchange Traded Funds Tr… 1.29% 26,312 NS May 31, 2026 N-PORT
BSCU · Invesco Exchange-Traded Self-Indexe… 1.08% 29,564,001 Aug. 8, 2026 Daily
IFRA · iShares Trust 1.04% 2,816,955 SH Aug. 8, 2026 Daily
IGF · iShares Trust 1.02% 6,390,835 SH Aug. 8, 2026 Daily
NEAR · iShares U.S. ETF Trust 1.01% 49,541,000 SH Aug. 8, 2026 Daily
IQRA · New York Life Investments Active ET… 0.99% 4,133 NS April 30, 2026 N-PORT
MMID · MFS Active Exchange Traded Funds Tr… 0.92% 19,152 NS May 31, 2026 N-PORT
AIPO · Tidal Trust II 0.91% 419,339 NS May 31, 2026 N-PORT
VRP · Invesco Exchange-Traded Fund Trust … 0.90% 26,295,000 Aug. 8, 2026 Daily
FBCV · FIDELITY COVINGTON TRUST 0.86% 82,209 NS April 30, 2026 N-PORT
FTA · First Trust Exchange-Traded AlphaDE… 0.82% 644,211 NS April 30, 2026 N-PORT
RPV · Invesco Exchange-Traded Fund Trust 0.82% 803,120 SH Aug. 8, 2026 Daily
BSCS · Invesco Exchange-Traded Self-Indexe… 0.80% 28,679,000 Aug. 8, 2026 Daily
FFLV · FIDELITY COVINGTON TRUST 0.79% 8,250 NS April 30, 2026 N-PORT
POW · Tidal Trust III 0.78% 32,282 NS May 31, 2026 N-PORT
VGMS · VANGUARD MALVERN FUNDS 0.69% 1,585,000 PA Aug. 8, 2026 Daily
LGDX · Tidal Trust III 0.69% 57,019 NS April 30, 2026 N-PORT
PFF · iShares Trust 0.68% 2,269,075 SH Aug. 8, 2026 Daily
CGMM · Capital Group Equity ETF Trust I 0.62% 1,062,046 NS May 31, 2026 N-PORT
VOE · VANGUARD INDEX FUNDS 0.62% 13,772,238 SH Aug. 8, 2026 Daily
VSDB · VANGUARD MALVERN FUNDS 0.54% 5,245,000 PA Aug. 8, 2026 Daily
VCLT · VANGUARD SCOTTSDALE FUNDS 0.53% 65,045,000 PA Aug. 8, 2026 Daily
VLUE · iShares Trust 0.52% 2,902,271 SH Aug. 8, 2026 Daily
IMCV · iShares Trust 0.52% 350,260 SH Aug. 8, 2026 Daily
BSCT · Invesco Exchange-Traded Self-Indexe… 0.51% 14,413,000 Aug. 8, 2026 Daily
FFSM · FIDELITY COVINGTON TRUST 0.48% 370,155 NS April 30, 2026 N-PORT
EMLP · First Trust Exchange-Traded Fund IV 0.42% 1,036,477 NS April 30, 2026 N-PORT
REVS · Columbia ETF Trust I 0.42% 71,919 NS April 30, 2026 N-PORT
GTO · Invesco Actively Managed Exchange-T… 0.41% 12,228,000 Aug. 8, 2026 Daily
FAB · First Trust Exchange-Traded AlphaDE… 0.41% 33,979 NS April 30, 2026 N-PORT
FEX · First Trust Exchange-Traded AlphaDE… 0.39% 349,600 NS April 30, 2026 N-PORT
VCSH · VANGUARD SCOTTSDALE FUNDS 0.38% 208,807,391 PA Aug. 8, 2026 Daily
VTC · VANGUARD SCOTTSDALE FUNDS 0.37% 6,742,000 PA Aug. 8, 2026 Daily
ABCS · EA Series Trust 0.36% 2,506 NS May 29, 2026 N-PORT
IWS · iShares Trust 0.36% 3,310,383 SH Aug. 8, 2026 Daily