5 Best Stocks Under $20 According to British Billionaire Chris Rokos

2. PG&E Corporation (NYSE:PCG)

Rokos’ Stake Value: $51,342,000

Percentage of Rokos’ 13F Portfolio: 1.02%

Number of Hedge Fund Holders: 64

Ranking second on our list of the 5 best stocks under $20 according to British billionaire Chris Rokos is PG&E Corporation (NYSE:PCG), which is a San Francisco-based electric and gas company catering to customers in Northern and Central California. The company utilizes nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources to generate electricity. PG&E Corporation (NYSE:PCG) has a market cap of $21.462 billion. 

Rokos Capital Management owns about 5.04 million shares in PG&E Corporation (NYSE:PCG), amounting to $51.34 million, and making up 1.02% of Rokos’ 13F portfolio. 

At the end of the second quarter of 2021, 64 hedge funds in Insider Monkey’s database held stakes amounting to $4.66 billion in PG&E Corporation (NYSE:PCG), down from 65 in the previous quarter with stakes worth over $5.66 billion.

The company reported last quarter’s earnings per share of $0.27 on July 29, missing analysts’ consensus estimates of $0.28 by $0.01. The actual revenue for PG&E Corporation (NYSE:PCG) was $5.21 billion, beating analysts’ estimates by $407.98 million. 

On September 17, Morgan Stanley maintained an Equal-Weight rating on PG&E Corporation (NYSE:PCG), raising the price target to $14 from $9.51.

Out of the hedge funds tracked by Insider Monkey, the California-based Third Point Ventures is the leading shareholder inPG&E Corporation (NYSE:PCG) with more than 81.9 million shares amounting to $833.2 million.