As Pg&E Corp (PCG) Shares Rose, Redwood Capital Management LLC Raised by $4.20 Million Its Stake

October 2, 2018 - By Marie Mckinney

Investors sentiment decreased to 1.07 in 2018 Q2. Its down 0.07, from 1.14 in 2018Q1. It turned negative, as 53 investors sold PCG shares while 166 reduced holdings. 66 funds opened positions while 168 raised stakes. 400.93 million shares or 0.65% less from 403.55 million shares in 2018Q1 were reported. Csat Invest Advisory LP reported 195 shares or 0% of all its holdings. Engineers Gate Manager Lp holds 113,207 shares. Hutchinson Cap Management Ca accumulated 177,702 shares. Korea has invested 0.04% in PG&E Corporation (NYSE:PCG). North Star Inv Management has 0.01% invested in PG&E Corporation (NYSE:PCG) for 2,747 shares. Regions Fincl Corporation has invested 0% in PG&E Corporation (NYSE:PCG). Magellan Asset Mgmt Ltd owns 393,361 shares. Gemmer Asset Mngmt Limited Liability Corp stated it has 3,443 shares or 0.05% of all its holdings. Capital Guardian Trust accumulated 480,940 shares or 0.29% of the stock. Brookfield Asset Mgmt Inc owns 1.30M shares or 0.21% of their US portfolio. Advsrs Asset Inc holds 0.02% in PG&E Corporation (NYSE:PCG) or 9,297 shares. Washington Tru has 30 shares. Hap Trading invested in 100,354 shares or 0.21% of the stock. State Common Retirement Fund has 1.03M shares. Fdx Incorporated, a California-based fund reported 4,933 shares.

Redwood Capital Management Llc increased its stake in Pg&E Corp (PCG) by 13.89% based on its latest 2018Q2 regulatory filing with the SEC. Redwood Capital Management Llc bought 100,000 shares as the company’s stock rose 16.58% with the market. The hedge fund held 820,000 shares of the power generation company at the end of 2018Q2, valued at $34.90M, up from 720,000 at the end of the previous reported quarter. Redwood Capital Management Llc who had been investing in Pg&E Corp for a number of months, seems to be bullish on the $24.35 billion market cap company. The stock increased 2.63% or $1.205 during the last trading session, reaching $47.075. About 1.50 million shares traded. PG&E Corporation (NYSE:PCG) has declined 34.56% since October 2, 2017 and is downtrending. It has underperformed by 50.18% the S&P500.

Redwood Capital Management Llc, which manages about $7.54B and $1.45 billion US Long portfolio, decreased its stake in General Mtrs Co (NYSE:GM) by 100,000 shares to 400,000 shares, valued at $15.76 million in 2018Q2, according to the filing. It also reduced its holding in Tenet Healthcare Corp (NYSE:THC) by 282,523 shares in the quarter, leaving it with 642,477 shares, and cut its stake in Tpi Composites Inc.

More news for PG&E Corporation (NYSE:PCG) were recently published by: Seekingalpha.com, which released: “PG&E ‘Bailout’: When Will Dividends Resume?” on September 03, 2018. 247Wallst.com‘s article titled: “Why Merrill Lynch Thinks PG&E Is Starting to Heat Up” and published on September 04, 2018 is yet another important article.

PG&E Corporation (NYSE:PCG) Ratings Coverage

Among 11 analysts covering PG&E Corp (NYSE:PCG), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. PG&E Corp had 22 analyst reports since April 5, 2018 according to SRatingsIntel. The stock of PG&E Corporation (NYSE:PCG) earned “Neutral” rating by Citigroup on Monday, July 9. The stock of PG&E Corporation (NYSE:PCG) has “Overweight” rating given on Monday, July 16 by Morgan Stanley. The rating was upgraded by Bank of America on Tuesday, September 4 to “Buy”. The stock has “Outperform” rating by Wells Fargo on Monday, August 6. The company was maintained on Wednesday, June 13 by Morgan Stanley. As per Friday, September 21, the company rating was maintained by Morgan Stanley. The company was maintained on Thursday, April 5 by Mizuho. On Tuesday, April 24 the stock rating was maintained by Citigroup with “Neutral”. The stock of PG&E Corporation (NYSE:PCG) has “Overweight” rating given on Tuesday, September 11 by Morgan Stanley. As per Tuesday, May 29, the company rating was maintained by UBS.

PG&E Corporation (NYSE:PCG) Institutional Positions Chart

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