FMR LLC Discloses 8.184% Stake in PG&E Corp
Ticker: PCG-PX · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1004980
| Field | Detail |
|---|---|
| Company | Pg&E Corp (PCG-PX) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, amendment, utility-sector
TL;DR
**FMR LLC still owns over 8% of PG&E, a big vote of confidence!**
AI Summary
FMR LLC, a major investment firm, has updated its ownership stake in PG&E Corp (PCG) to 8.184%, beneficially owning 174,799,750 shares as of February 9, 2024. This represents a significant holding by a large institutional investor, indicating continued confidence in PG&E's long-term prospects. For current or prospective shareholders, this filing shows that a major player maintains a substantial position, which can be a positive signal of stability and institutional backing.
Why It Matters
This filing confirms a major institutional investor, FMR LLC, holds a significant stake in PG&E, signaling their continued belief in the company's value and potentially influencing other investors.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of support for the stock.
Analyst Insight
A smart investor would view this continued significant institutional ownership by FMR LLC as a positive signal, suggesting stability and potential long-term value in PG&E Corp. It might encourage further research into PG&E's fundamentals, given the backing of a major investment firm.
Key Numbers
- 174,799,750 — Shares Beneficially Owned (Represents the total number of PG&E Corp common shares FMR LLC and Abigail P. Johnson beneficially own.)
- 8.184% — Percent of Class (Indicates the percentage of PG&E Corp's common stock owned by FMR LLC and Abigail P. Johnson, showing a significant institutional stake.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- PG&E Corp (company) — issuer of the common stock
- Abigail P. Johnson (person) — reporting person associated with FMR LLC
- 174,799,750 (dollar_amount) — number of shares beneficially owned by FMR LLC and Abigail P. Johnson
- 8.184% (dollar_amount) — percent of class owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a significant ownership stake in PG&E Corp. (FMR LLC) — high confidence, target: Next 12 months
FAQ
Who is the primary reporting person in this SC 13G/A filing for PG&E Corp?
The primary reporting person is FMR LLC, as stated in Item 1 of the filing.
What is the total number of PG&E Corp common shares beneficially owned by FMR LLC according to this filing?
FMR LLC beneficially owns 174,799,750 shares of PG&E Corp common stock, as detailed in Item 4(a) of the filing.
What percentage of PG&E Corp's common stock does FMR LLC own, as reported in this amendment?
FMR LLC owns 8.184% of PG&E Corp's common stock, as specified in Item 4(b) and Item 11 for both FMR LLC and Abigail P. Johnson.
What is the CUSIP number for PG&E Corp's common stock mentioned in the filing?
The CUSIP number for PG&E Corp's common stock is 69331C108, as listed under 'Cusip #69331C108' and Item 2(e).
Under which rule is this Schedule 13G/A filed by FMR LLC?
This statement is filed pursuant to Rule 13d-1(b), as indicated by the checked box and Item 3 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding PG&E Corp (PCG-PX).