SCHEDULE 13G/A: BlackRock Discloses 8.1% Passive Stake in PG&E Corp Common Stock
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, revealing its beneficial ownership of 8.1% of PG&E Corp's common stock as of March 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 178,042,986 shares of PG&E Corp common stock.
- This ownership represents 8.1% of the total class of securities outstanding.
- BlackRock, Inc. holds sole voting power over 162,002,738 shares and sole dispositive power over 178,042,986 shares.
- The filing is an Amendment No. 2 to a previously filed Schedule 13G, indicating an update to BlackRock's holdings.
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of PG&E Corp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing passive ownership, containing no positive or negative operational or financial news about the issuer. Therefore, the sentiment is neutral.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by a major asset manager, BlackRock, Inc., indicating its passive investment stake in PG&E Corp. Such disclosures are common for large institutional investors and reflect their portfolio management activities rather than specific strategic moves related to the issuer's industry trends. PG&E operates in the utility sector, and BlackRock's holding is part of its diversified investment strategy across various industries.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming BlackRock's passive investment intent.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Date of previous Power of Attorney that was revoked. |
| 01/21/2025 | Effective date of the current Power of Attorney. |
| 03/31/2025 | Date of event which requires filing of this statement (reporting period end date). |
| 04/25/2025 | Date of filing and signature by BlackRock, Inc. |
Keywords
BlackRock, PG&E Corp, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Passive Investment, SEC Filing
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