Goldman Sachs Group Inc. upgraded shares of Pacific Gas & Electric Co. (NYSE:PCG) from a neutral rating to a buy rating in a research report report published on Monday morning. The firm currently has $67.00 price objective on the stock, up from their prior price objective of $66.00.

A number of other brokerages also recently issued reports on PCG. Zacks Investment Research downgraded Pacific Gas & Electric Co. from a hold rating to a sell rating in a report on Tuesday, September 13th. Argus reaffirmed a buy rating and set a $79.00 price target (up from $74.00) on shares of Pacific Gas & Electric Co. in a report on Monday, July 25th. Royal Bank Of Canada raised Pacific Gas & Electric Co. from a sector perform rating to an outperform rating and lifted their price target for the stock from $60.00 to $71.00 in a report on Friday, July 15th. Citigroup Inc. reaffirmed a hold rating and set a $60.00 price target on shares of Pacific Gas & Electric Co. in a report on Tuesday, October 4th. Finally, Deutsche Bank AG decreased their price target on Pacific Gas & Electric Co. from $68.00 to $67.00 and set a buy rating for the company in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $66.58.

Analyst Recommendations for Pacific Gas & Electric Co. (NYSE:PCG)

Shares of Pacific Gas & Electric Co. (NYSE:PCG) traded down 0.03% during midday trading on Monday, hitting $60.38. The company’s stock had a trading volume of 193,871 shares. The firm has a 50-day moving average of $61.48 and a 200 day moving average of $61.52. The firm has a market cap of $30.10 billion, a price-to-earnings ratio of 39.75 and a beta of 0.22. Pacific Gas & Electric Co. has a 12-month low of $50.65 and a 12-month high of $65.43.

Pacific Gas & Electric Co. (NYSE:PCG) last released its earnings results on Thursday, July 28th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by $0.26. The company earned $4.17 billion during the quarter, compared to analysts’ expectations of $4.59 billion. Pacific Gas & Electric Co. had a net margin of 4.51% and a return on equity of 8.27%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share. On average, equities research analysts predict that Pacific Gas & Electric Co. will post $3.72 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, October 15th. Investors of record on Friday, September 30th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Wednesday, September 28th. Pacific Gas & Electric Co.’s payout ratio is currently 128.11%.

A number of large investors have recently bought and sold shares of PCG. Laurel Wealth Advisors Inc. raised its position in shares of Pacific Gas & Electric Co. by 1.3% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,547 shares of the company’s stock worth $227,000 after buying an additional 45 shares in the last quarter. Boothbay Fund Management LLC raised its position in shares of Pacific Gas & Electric Co. by 0.5% in the first quarter. Boothbay Fund Management LLC now owns 9,224 shares of the company’s stock worth $551,000 after buying an additional 46 shares in the last quarter. Wealthsource Partners LLC raised its position in shares of Pacific Gas & Electric Co. by 4.1% in the second quarter. Wealthsource Partners LLC now owns 6,545 shares of the company’s stock worth $418,000 after buying an additional 260 shares in the last quarter. Atlantic Trust Group LLC raised its position in shares of Pacific Gas & Electric Co. by 2.0% in the second quarter. Atlantic Trust Group LLC now owns 34,905 shares of the company’s stock worth $2,231,000 after buying an additional 683 shares in the last quarter. Finally, World Asset Management Inc raised its position in shares of Pacific Gas & Electric Co. by 1.5% in the second quarter. World Asset Management Inc now owns 50,827 shares of the company’s stock worth $3,249,000 after buying an additional 763 shares in the last quarter. 79.31% of the stock is currently owned by hedge funds and other institutional investors.

About Pacific Gas & Electric Co.

PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility). The Utility’s operations include sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial and agricultural customers.

5 Day Chart for NYSE:PCG

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