PG&E Corp News and Headlines -

GuruFocus Articles Total 84
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Chicago, IL, based Investment company Wolverine Asset Management Llc (Current Portfolio) buys iShares Russell 2000 ETF, NextEra Energy Inc, Colfax Corp, PG&E Corp, GFL Environmental Inc, sells S&P 500 ETF TRUST ETF, Advanced Micro Devices Inc, Coupa Software Inc, NextEra Energy Inc, NextEra Energy Inc during the 3-months ended 2021Q1, according to the most recent filings of the investment company, Wolverine Asset Management Llc. As of 2021Q1, Wolverine Asset Management Llc owns 1298 stocks with a total value of $3.3 billion. These are the details of the buys and sells.
0 Views    insider    2021-05-13 21:38
Investment company Aequim Alternative Investments LP (Current Portfolio) buys PG&E Corp, Workday Inc, Ford Motor Co, Invitae Corp, Burlington Stores Inc, sells MongoDB Inc, Southern Co, Dominion Energy Inc, Pebblebrook Hotel Trust, Supernus Pharmaceuticals Inc during the 3-months ended 2021Q1, according to the most recent filings of the investment company, Aequim Alternative Investments LP. As of 2021Q1, Aequim Alternative Investments LP owns 42 stocks with a total value of $406 million. These are the details of the buys and sells.
0 Views    insider    2021-05-12 19:38
Discussion of markets and holdings

May 6, 2021

Dear Investor:

During the First Quarter, Third Point returned +11.0% in the flagship Offshore Fund. For the month of April, the Offshore Fund returned +1.7.

366 Views    Sydnee Gatewood    2021-05-11 21:01
Investment company TradeLink Capital LLC (Current Portfolio) buys SPDR S&P Regional Banking ETF, Invesco Solar ETF, PG&E Corp, Penn National Gaming Inc, Caesars Entertainment Inc, sells Devon Energy Corp during the 3-months ended 2021Q1, according to the most recent filings of the investment company, TradeLink Capital LLC. As of 2021Q1, TradeLink Capital LLC owns 14 stocks with a total value of $7 million. These are the details of the buys and sells.
0 Views    insider    2021-05-08 01:38
Chicago, IL, based Investment company Equitec Specialists, Llc (Current Portfolio) buys Fisker Inc, Change Healthcare Inc, PG&E Corp, NextEra Energy Inc, GFL Environmental Inc, sells American Airlines Group Inc, Amazon.com Inc, Vanguard Mega Cap Growth ETF, Purple Innovation Inc, NextEra Energy Inc during the 3-months ended 2021Q1, according to the most recent filings of the investment company, Equitec Specialists, Llc. As of 2021Q1, Equitec Specialists, Llc owns 131 stocks with a total value of $283 million. These are the details of the buys and sells.
0 Views    insider    2021-04-19 16:38
Portfolio's fourth-largest position continues to grow

David Abrams (Trades, Portfolio) has revealed an addition to his Asbury Automotive Group Inc. (ABG) stake for the first time this year according to GuruFocus' Real-Time Picks, a Premium feature.

Abrams is the founder of Abrams Capital Management, which oversees nearly $8 billion in assets across three funds. Abrams Capital Management typically invests in public equity markets in the U.S. and utilizes a value investing approach. Abrams looks for companies in which the CEO has a significant stake, or where the CEO's salary is primarily stock-based.

On April 9, Abrams fueled up his

136 Views    Graham Griffin    2021-04-15 19:00

The stock of PG&E (NYSE:PCG, 30-year Financials) gives every indication of being significantly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line,

0 Views    GF Value    2021-04-14 18:12
Activist investor takes position in company merging with eToro

Daniel Loeb (Trades, Portfolio), founder and leader of Third Point, disclosed this week that he established a position in FinTech Acquisition Corp. V (FTCV) according to GuruFocus Real-Time Picks, a Premium feature.

Third Point focuses on activist investing, seeking situations in which a catalyst event unlocks shareholder value. As of the December 2020 filing date, the New York-based hedge fund's $12.97 billion equity portfolio contains 74 stocks with 35 new holdings and a turnover ratio of 27%.

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Transaction details

Third Point purchased 3 million shares of FinTech Acquisition, giving the

352 Views    James Li    2021-03-30 22:15
New York, NY, based Investment company Blackstone Group L.P. (Current Portfolio) buys Praxis Precision Medicines Inc, PG&E Corp, ONEOK Inc, Enbridge Inc, FirstEnergy Corp, sells Vivint Solar Inc, TC Energy Corp, The Michaels Inc, Sempra Energy, Williams Inc during the 3-months ended 2020Q4, according to the most recent filings of the investment company, Blackstone Group L.P.. As of 2020Q4, Blackstone Group L.P. owns 196 stocks with a total value of $27.7 billion. These are the details of the buys and sells.
0 Views    insider    2021-03-27 02:38
The hedge fund giants both raked in $1.7 billion in 2020

At the end of February, the 20th annual Institutional Investor's Rich List revealed that hedge fund giants Steven Cohen (Trades, Portfolio), head of Point72 Asset Management, and Appaloosa Management's David Tepper (Trades, Portfolio) were among the biggest earners in 2020. The gurus tied for sixth place last year.

The list, which is composed of the highest-earning managers, found that the top 25 hedge funds made a combined $32 billion in earnings last year despite the negative effects of the Covid-19 pandemic.

Other renowned investors followed by GuruFocus that made the top 10 were

1753 Views    Sydnee Gatewood    2021-03-12 20:32
Guru reduces holding in Micron, adds Occidental and energy ETF

David Tepper (Trades, Portfolio), founder of Appaloosa Management, disclosed this week that his firm's top six trades during the fourth quarter of 2020 included position reductions in PG&E Corp. (PCG) and Micron Technology Inc. (MU), the closure of its AT&T Inc. (T) holding, new holdings in Occidental Petroleum Corp. (OXY) and the Energy Select Sector SPDR Fund (XLE) and a position boost in Amazon.com Inc. (AMZN).

Tepper, who specializes in distressed-debt investing, became interested in stocks by watching his father trade equities as a child. The guru is now among a group of Wall Street fund managers

2219 Views    James Li    2021-02-17 22:30
Stocks with high combined guru weight as Dow hits record close

During GuruFocus' annual model portfolio rebalance for 2021, the new stocks added to the Most Weighted Model Portfolio were Adaptive Biotechnologies Corp. (ADPT), AerCap Holdings NV (AER), Alibaba Group Holding Ltd. (BABA), The Walt Disney Co. (DIS), PG&E Corp. (PCG) and Trinity Industries Inc. (TRN).

Dow closes off intraday high as investors monitor election results and protests

On Wednesday, the Dow Jones Industrial Average closed at new record of 30,829.40, up 437.80 points from Tuesday's close of 30,391.60 despite hitting a new record intraday high of 30,934.99.

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The 30-stock index soared

1187 Views    James Li    2021-01-06 21:32
A look at what could have interested the gurus about this troubled utility

Between 1993 and 2014, David Tepper (Trades, Portfolio)'s Appaloosa Management was one of the most successful funds in America, with an average annual return of 26.70%, according to the Gurufocus Scoreboard. In 2019, he converted his fund to a family office, but he remains an active investor.

In the third quarter of 2020, Tepper made a 803.15% addition to his holding in Pacific Gas & Electric Co (PCG). With 80,775,057 shares, it is now his largest single holding, making up 13.41% of his portfolio.

PG&E guru buys and sells

1786 Views    Robert Abbott    2020-12-28 22:18
Ellomay Capital and PG&E make the list

According to the GuruFocus All-in-One Screener, a Premium feature, the following guru-owned utility stocks have outperformed the S&P 500 Index over the past 12 months through Dec. 4.

PG&E

PG&E Corp. (PCG) has a market cap of $25 billion. It has outperformed the S&P 500 by 30.19% over the past year.

As of Friday, the share price was 111.41% above the 52-week low and 31.30% below the 52-week high.

The holding company has a GuruFocus profitability rating of 5 out of 10. The return on equity of -58.7% and return on assets of -5.54% are underperforming 97% of

89 Views    Tiziano Frateschi    2020-12-04 17:00
Firm's largest sales of the 3rd quarter

Paul Tudor Jones (Trades, Portfolio)' Tudor Investment Corp. sold shares of the following stocks during the third quarter, which ended on Sept. 30.

TD Ameritrade

The firm closed its stake in TD Ameritrade Holding Corp. (AMTD). The trade had an impact of -4.74% on the portfolio.

The retail brokerage and advisor services firm has a market cap of $21.62 billion and an enterprise value of $16.73 billion.

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GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 21.76% and return on

70 Views    Tiziano Frateschi    2020-11-27 16:54
Guru shuffles major holdings

Daniel Loeb (Trades, Portfolio) has revealed his portfolio for the third quarter. During the quarter, the guru added 20 new holdings, including PG&E Corp. (PCG) and Microsoft Corp. (MSFT). He also sold out of many holdings, including Baxter International Inc. (BAX), Raytheon Technologies Corp. (RTX) and Far Point Acquisition Corp. (FPAC).

Loeb founded Third Point LLC in 1995 and leads the firm's research activities, portfolio and risk management. Loeb and his firm focus on activist investing and follow an event-driven, value-orientated investment style. He looks for situations in which a catalyst will unlock value and pushes for

584 Views    Graham Griffin    2020-11-17 21:47
Distressed-debt guru significantly increases holding in embattled utility company

David Tepper (Trades, Portfolio), founder of Appaloosa Management, disclosed this week that his firm's top trades during the third quarter featured a massive expansion of its holding in PG&E Corp. (PCG) and sells in several retail and technology giants, including Alibaba Group Holding Ltd. (BABA), Amazon.com Inc. (AMZN), Alphabet Inc. (GOOG)(GOOGL) and Facebook Inc. (FB).

A distressed-debt specialist, Tepper's interest in the stock market was kindled by watching his father trade stocks. The Appaloosa leader has earned an international reputation for producing some of the highest returns among fund managers on Wall Street.

452 Views    James Li    2020-11-17 19:25
Discussion of markets and holdings

October 15, 2020

Dear Investor:

During the Third Quarter, Third Point returned 11.7% in the flagship Offshore Fund, putting us back in positive territory for the year.

Q1*

ANNUALIZED RETURN†

THIRD POINT OFFSHORE FUND, LTD.

11.0%

15.1%

CS HF EVENT-DRIVEN INDEX

6.3%

7.1%

S&P 500 INDEX (TR)

6.2%

9.1%

MSCI WORLD INDEX (TR)

5.0%

7.6%

Q3

YTD*

ANNUALIZED RETURN

THIRD POINT OFFSHORE FUND, LTD.

11.7%

3.6%

14.2%

CS HF EVENT-DRIVEN INDEX

4.8%

-3.1%

6.5%

275 Views    Sydnee Gatewood    2020-10-22 16:49
The guru made additions to the portfolio in the financial sector

Paul Tudor Jones (Trades, Portfolio), founder of Tudor Investment Corp., has revealed his second-quarter portfolio. Major changes include the Allergan PLC stake being dissolved, adding to his holdings of TD Ameritrade Holding Corp. (AMTD) and E*TRADE Financial Corp. (ETFC) and new buys in Advanced Disposal Services Inc. (ADSW) and PG&E Corp. (PCG).

Tudor Investment Corp. is best known for discretionary macro trading and has significant experience and capabilities in model-driven and systematic approaches. They believe that companies must continually innovate in order to compete in rapidly evolving markets.

Portfolio overview

The portfolio contains 1,139 stocks,

433 Views    Graham Griffin    2020-08-28 20:52
Firm releases its 2nd-quarter portfolio updates

Oaktree Capital Management recently disclosed its portfolio updates for the second quarter of 2020, which ended on June 30.

Founded by Howard Marks (Trades, Portfolio) and several fellow investors in 1995, Oaktree Capital Management is a global investing firm that specializes in alternative and credit strategies. The Los Angeles-based firm now has over 39 portfolio managers and 950 employees in offices around the globe. Marks serves as co-chairman (along with Bruce Karsh) and chief financial officer. The firm's core investment philosophy has six tenets: risk control, consistency, market inefficiency, specialization, bottom-up analysis and disavowal of market timing.

593 Views    Margaret Moran    2020-08-19 20:54

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