Vanguard Reduces Stake in PG&E Corp Below 5% Threshold

Overview

On October 30, 2026, Vanguard Portfolio Management LLC filed an amended Schedule 13G (Amendment No. 1) with the SEC regarding its holdings in PG&E Corp (NYSE: PCG). The event date requiring the filing is September 30, 2026.

Key Highlights

• Current Beneficial Ownership: 109,839,713 shares of Common Stock.
• Ownership Percentage: 4.98% of the outstanding class.
• Voting and Dispositive Power:
  • Sole voting power: 264,227 shares
  • Shared voting power: 0 shares
  • Sole dispositive power: 109,839,713 shares
  • Shared dispositive power: 0 shares
• Item 5 Check: Item 5 of the filing confirms that as of the date of the event, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities.

Market Impact & Significance

The trading significance is assessed as Low. This filing reflects passive institutional portfolio management and routine index/fund rebalancing rather than active activist sentiment or directional insider conviction. By dropping to 4.98%, Vanguard slips just below the standard 5% beneficial ownership threshold, meaning subsequent routine changes will no longer trigger mandatory Schedule 13G filings unless ownership rises back above 5%.