Retirement Systems of Alabama Discloses New Position in PG&E Corporation
According to a recent Form 13F filing submitted to the SEC, Retirement Systems of Alabama disclosed a noteworthy new position in PG&E Corporation (NYSE: PCG) stock. Here’s what you need to know about PG&E Corporation, as well as Retirement Systems of Alabama’s position in shares of PCG stock:
Retirement Systems of Alabama
The Retirement Systems of Alabama inlcudes the Teachers Retirement System, Employees Retirement System, Judicial Retirement Fund, and other pension and benefit funds in Alabama, with over $21 billion in managed 13F securities. The Retirement Systems of Alabama serves the interests of its members by preserving the excellent benefits and soundness of the systems at the least expense to the state of Alabama and all Alabama taxpayers. You can learn more about Retirement Systems of Alabama on their website here.
Retirement Systems of Alabama’s New Position in PCG Stock
According to the most recent 13F filing from Retirement Systems of Alabama, the institutional investment manager added a meaningful position in PG&E Corporation (NYSE: PCG), with 536,564 shares, which represents approximately 0.0270% of the 1,987,700,013 total PCG shares outstanding. Based on PCG’s last closing price of $14.44 per share, Retirement Systems of Alabama’s stake in PCG is worth approximately $7,747,984.16, assuming no change in the position size. If you’re not very familiar with PG&E Corporation, learn more below.
PG&E Corporation (NYSE: PCG)
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. As of December 31, 2021, the company owns and operates approximately 18,000 circuit miles of interconnected transmission lines; 33 electric transmission substations, approximately 108,000 circuit miles of distribution lines, 67 transmission switching substations, and 753 distribution substations; and natural gas transmission, storage, and distribution system consisting of approximately 43,800 miles of distribution pipelines, approximately 6,200 miles of backbone and local transmission pipelines, and various storage facilities. 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.
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