Third Point Management holds $712,334,000 worth of PG&E Corporation (NYSE:PCG) shares, 9.35% of its portfolio. Jefferies reduces price target on PCG to $22 with “Buy” rating on Oct 3, 2025. PG&E completes 1,000 miles of underground power lines in high fire-risk areas, reducing ignition risk by 8.4% since 2023. PG&E offers energy services in Northern and Central California, part of Dan Loeb’s portfolio.

Read more at Yahoo Finance: Jefferies Reduces Its Price Target on PG&E Corporation (PCG) to $22 with “Buy” Rating