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PG&E Co. (NYSE:PCG) was the target of a large growth in short interest during the month of May. As of May 30th, there was short interest totalling 13,397,499 shares, a growth of 28.8% from the May 15th total of 10,401,896 shares, Stock Ratings Network reports. Approximately 2.9% of the shares of the company are short sold. Based on an average daily volume of 3,238,458 shares, the short-interest ratio is presently 4.1 days.

PCG has been the subject of a number of recent research reports. Analysts at CRT Capital raised their price target on shares of PG&E Co. from $47.00 to $50.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Macquarie upgraded shares of PG&E Co. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 21st. They now have a $47.50 price target on the stock, up previously from $42.00. Finally, analysts at Jefferies Group raised their price target on shares of PG&E Co. from $50.50 to $51.00 in a research note on Friday, May 2nd. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $46.73.

PG&E Co. (NYSE:PCG) opened at 48.19 on Monday. PG&E Co. has a 52 week low of $39.42 and a 52 week high of $48.64. The stock’s 50-day moving average is $45.31 and its 200-day moving average is $43.25. The company has a market cap of $22.397 billion and a price-to-earnings ratio of 27.19.

PG&E Co. (NYSE:PCG) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.54 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.12. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the company posted $0.63 earnings per share. PG&E Co.’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that PG&E Co. will post $3.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, June 26th.

PG&E Corporation is a holding company that conducts its business through Pacific Gas and Electric Company (NYSE:PCG).

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