Goldman Sachs upgraded shares of PG&E Co. (NYSE:PCG) from a neutral rating to a buy rating in a research report report published on Wednesday, The Fly reports. The brokerage currently has $57.00 price objective on the stock.

A number of hedge funds have made changes to their positions in the stock. Mizuho Asset Management Co. Ltd. boosted its stake in shares of PG&E Co. by 26.0% in the fourth quarter. Mizuho Asset Management Co. Ltd. now owns 6,357 shares of the company’s stock valued at $338,000 after buying an additional 1,312 shares during the last quarter. Bank of The West boosted its stake in shares of PG&E Co. by 13.3% in the fourth quarter. Bank of The West now owns 14,419 shares of the company’s stock valued at $766,000 after buying an additional 1,696 shares during the last quarter. Trust Co. of Toledo NA OH boosted its stake in shares of PG&E Co. by 3.1% in the fourth quarter. Trust Co. of Toledo NA OH now owns 15,046 shares of the company’s stock valued at $800,000 after buying an additional 447 shares during the last quarter. BB&T Corp boosted its stake in shares of PG&E Co. by 39.1% in the fourth quarter. BB&T Corp now owns 16,182 shares of the company’s stock valued at $861,000 after buying an additional 4,549 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of PG&E Co. by 3.7% in the fourth quarter. Creative Planning now owns 20,765 shares of the company’s stock valued at $1,104,000 after buying an additional 740 shares during the last quarter.

A number of other research analysts also recently commented on PCG. Zacks Investment Research raised shares of PG&E Co. from a hold rating to a buy rating and set a $61.00 target price on the stock in a research report on Monday, October 19th. Jefferies Group reissued a buy rating and set a $61.00 target price (up previously from $54.00) on shares of PG&E Co. in a research report on Wednesday, October 21st. Deutsche Bank reissued a hold rating and set a $56.00 target price on shares of PG&E Co. in a research report on Thursday, October 22nd. Barclays raised their price target on shares of PG&E Co. from $56.00 to $61.00 and gave the company an overweight rating in a report on Thursday, October 29th. Finally, Macquarie raised their price target on shares of PG&E Co. from $54.00 to $59.00 and gave the company an outperform rating in a report on Monday, November 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. PG&E Co. currently has a consensus rating of Buy and a consensus target price of $58.09.

Shares of PG&E Co. (NYSE:PCG) traded up 1.95% during mid-day trading on Wednesday, reaching $53.76. 2,223,976 shares of the company’s stock were exchanged. The company has a market capitalization of $26.37 billion and a PE ratio of 29.69. PG&E Co. has a one year low of $47.33 and a one year high of $60.21. The company’s 50-day moving average price is $52.79 and its 200-day moving average price is $52.24.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 15th. Shareholders of record on Thursday, December 31st were paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 3.39%. The ex-dividend date was Tuesday, December 29th.

PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (NYSE:PCG). The Utility’s operations include electric utility operations and natural gas utility operations. It operates in northern and central California. 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. The Utility provides natural gas transportation services to customers, which include small commercial and residential customers, and to non-core customers, which include industrial, commercial, and natural gas-fired electric generation facilities that are connected to the Utility’s gas system in its service territory.

12 Month Chart for NYSE:PCG

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