What smart money is saying about Pacific Gas & Electric
1 fund in our archive has pitched Pacific Gas & Electric, most recently Greenlight in September 2025.
Pacific Gas and Electric Company generates, transmits, distributes, and sells electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, and photovoltaic sources. The company also develops a personal microgrid backup power transfer meter device for customers that fully integrates into its existing electric SmartMeter system. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. The company was incorporated in 1905 and is headquartered in San Francisco, California. Pacific Gas and Electric Company operates as a subsidiary of PG&E Corporation.
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Fund signal · last 12 months
6 lettersToo few moves on Pacific Gas & Electric yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q3 2025 and Q3 2026, 6 fund letters reported a position in Pacific Gas & Electric, with 4 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 5 | 0 | 3 | 0 |
| Q2 2026 | 1 | 0 | 1 | 0 |
| Q3 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 6 positions · 4 moves
- September 2026
“We exited the position.”
Pacific Gas & Electric - September 2026
“Portfolio Highlights The ClearBridge Dividend Strategy underperformed its S&P 500 benchmark during the third quarter. On an absolute basis, the Strategy had positive returns from four of the 11 sectors in which it was invested. The leading contributors were the IT and financials sectors, while the industrials and materials sectors detracted the most. On a relative basis, stock selection in industrials, IT and financials contributed to performance. An overweight to energy and an CLEARBRIDGE DIVIDEND STRATEGY 5 underweight to consumer discretionary also contributed. Conversely, stock selection in energy, health care, materials and consumer discretionary detracted. An underweight to IT and overweights to industrials and real estate also weighed on results. On an individual stock basis, the largest contributors to relative returns were ExxonMobil, Becton Dickinson, Automatic Data Processing and not owning Tesla and Applied Materials. The largest detractors were Honeywell Aerospace, Williams and underweights to Apple, Nvidia and Microsoft. During the quarter, besides activity described above, we exited positions in Roche in health care and PG&E in utilities.”
Pacific Gas & Electric - September 2026
“We exited PG&E, a regulated California electric and gas utility, after the state failed to enact reforms limiting utilities’ future wildfire liabilities.”
Pacific Gas & Electric - HoldsGreenlight CapitalSeptember 2026
“PG&E Corporation was one of the few long positions that suffered a specific negative development, as the company did not obtain legislative relief from its wildfire risk.”
Pacific Gas & Electric - September 2026
“TOP DETRACTORS The PG&E 6% convertible preferred stock, Avianca 9.5% corporate bonds, and the Dye & Durham term loan were the portfolio’s worst-performing holdings for the quarter.”
Pacific Gas & Electric - June 2026
“We also exited Charles Schwab and PG&E.”
Pacific Gas & Electric
Fund coverage · 1 thesis
- GreenlightSeptember 2025
Pacific Gas & Electric (PCG) is a California utility company that is expected to recover from recent wildfire-related challenges and close the valuation gap with its sector peers as legislative support for wildfire funding progresses.
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