Abrams Capital Management LP Has Upped Its Pg&E (PCG) Holding; Colonial Insured Municipal Fund (CFX)’s Sentiment Is 0.88

June 14, 2018 - By wolcottdaily

Abrams Capital Management Lp increased Pg&E Corp (PCG) stake by 20.35% reported in 2018Q1 SEC filing. Abrams Capital Management Lp acquired 661,357 shares as Pg&E Corp (PCG)’s stock rose 8.77%. The Abrams Capital Management Lp holds 3.91M shares with $171.83M value, up from 3.25 million last quarter. Pg&E Corp now has $20.60B valuation. The stock increased 1.30% or $0.51 during the last trading session, reaching $39.89. About 6.09M shares traded or 38.09% up from the average. PG&E Corporation (NYSE:PCG) has declined 33.63% since June 14, 2017 and is downtrending. It has underperformed by 46.20% the S&P500. Some Historical PCG News: ; 16/04/2018 – PACIFIC GAS AND ELECTRIC CO – TERM LOAN MATURES ON APRIL 16, 2020, UNLESS EXTENDED; 30/03/2018 – PG&E CORP PCG.N -FILED SEVERAL RATEMAKING REQUESTS WITH CALIFORNIA PUBLIC UTILITIES COMMISSION; 26/04/2018 – CPUC PENALIZES PG&E $97.5M FOR BREAKING EX-PARTE RULES; 13/04/2018 – PG&E RAISES DIABLO CANYON 1 REACTOR TO 100% POWER FROM 50%: NRC; 26/03/2018 – Cal EMA Spills: SPILL Report – PG&E – 03/26/2018 03:01 PM; 27/04/2018 – Cal EMA Spills: SPILL Report – Pacific Gas & Electric – 04/27/2018 09:17 AM; 03/05/2018 – PG&E CEO SAYS NO TIMING UPDATES FROM CALIFORNIA FIRE REPORTS; 25/05/2018 – California Says PG&E Power Lines Caused 4 of October’s Fires; 07/05/2018 – PG&E Expands Support for Oakland and Stockton Student Scholarships Through its Better Together: Investing in California’s Youth Program; 03/05/2018 – PG&E CORP – NOT PROVIDING GUIDANCE FOR 2018 EARNINGS FROM OPERATIONS DUE TO UNCERTAINTY RELATED TO OCTOBER 2017 NORTHERN CALIFORNIA WILDFIRES

Colonial Insured Municipal Fund (CFX) investors sentiment increased to 0.88 in 2018 Q1. It’s up 0.21, from 0.67 in 2017Q4. The ratio is positive, as 77 institutional investors opened new and increased stock positions, while 88 decreased and sold stock positions in Colonial Insured Municipal Fund. The institutional investors in our database now have: 88.80 million shares, down from 93.24 million shares in 2017Q4. Also, the number of institutional investors holding Colonial Insured Municipal Fund in top ten stock positions was flat from 2 to 2 for the same number . Sold All: 28 Reduced: 60 Increased: 50 New Position: 27.

More notable recent PG&E Corporation (NYSE:PCG) news were published by: Globenewswire.com which released: “Hagens Berman Alerts Investors in PG&E Corporation (NYSE: PCG) to August 13, 2018 Securities Class Action Lead …” on June 13, 2018, also Seekingalpha.com with their article: “Summarizing PG&E’s Fire Situation In A Spreadsheet” published on June 12, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” on June 13, 2018. More interesting news about PG&E Corporation (NYSE:PCG) were released by: Globenewswire.com and their article: “EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against PG&E Corporation – PCG” published on June 14, 2018 as well as Globenewswire.com‘s news article titled: “Pomerantz Law Firm Announces the Filing of a Class Action against PG&E Corporation and Certain Officers – PCG” with publication date: June 14, 2018.

Investors sentiment increased to 1.14 in Q1 2018. Its up 0.21, from 0.93 in 2017Q4. It is positive, as 60 investors sold PCG shares while 161 reduced holdings. 75 funds opened positions while 176 raised stakes. 403.55 million shares or 0.71% more from 400.70 million shares in 2017Q4 were reported. Quantitative Investment Management Limited Company has 0.12% invested in PG&E Corporation (NYSE:PCG) for 158,400 shares. Eaton Vance accumulated 0% or 8,515 shares. Moreover, Gateway Inv Advisers Limited Liability Com has 0.01% invested in PG&E Corporation (NYSE:PCG). Manufacturers Life Ins The holds 0.03% of its portfolio in PG&E Corporation (NYSE:PCG) for 527,660 shares. Loomis Sayles Ltd Partnership holds 227,058 shares. Ing Groep Nv owns 50,410 shares or 0.04% of their US portfolio. Ledyard Comml Bank stated it has 131 shares or 0% of all its holdings. Andra Ap holds 157,100 shares. Ontario – Canada-based Mackenzie Fincl Corp has invested 0.01% in PG&E Corporation (NYSE:PCG). Numerixs Invest has invested 0.39% in PG&E Corporation (NYSE:PCG). Moreover, First Fincl Corp In has 0.03% invested in PG&E Corporation (NYSE:PCG) for 805 shares. Shell Asset Mngmt reported 0.07% stake. Chevy Chase Tru has invested 0.09% in PG&E Corporation (NYSE:PCG). Quinn Opportunity Partners Ltd Liability Co holds 0.53% or 94,800 shares. Proshare Advsrs Ltd Llc holds 0.04% or 147,783 shares in its portfolio.

Among 17 analysts covering PG&E Corporation (NYSE:PCG), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. PG&E Corporation had 58 analyst reports since July 30, 2015 according to SRatingsIntel. J.P. Morgan maintained PG&E Corporation (NYSE:PCG) on Monday, October 16 with “Buy” rating. The rating was downgraded by Goldman Sachs on Tuesday, January 2 to “Neutral”. Mizuho maintained it with “Buy” rating and $64 target in Tuesday, May 24 report. The stock has “Hold” rating by Bank of America on Tuesday, May 29. The rating was downgraded by Credit Suisse on Thursday, July 30 to “Neutral”. On Monday, June 11 the stock rating was maintained by Wells Fargo with “Market Perform”. The firm has “Hold” rating by Mizuho given on Thursday, April 5. RBC Capital Markets maintained PG&E Corporation (NYSE:PCG) on Sunday, September 17 with “Buy” rating. As per Wednesday, June 29, the company rating was maintained by Mizuho. The company was maintained on Friday, September 22 by Barclays Capital.

The stock increased 0.72% or $0.22 during the last trading session, reaching $30.92. About 942,987 shares traded or 28.31% up from the average. Colfax Corporation (CFX) has declined 21.35% since June 14, 2017 and is downtrending. It has underperformed by 33.92% the S&P500.

Ratings analysis reveals 100% of Colfax’s analysts are positive. Out of 3 Wall Street analysts rating Colfax, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $37.0 while the high is $43.0. The stock’s average target of $40 is 29.37% above today’s ($30.92) share price. CFX was included in 3 notes of analysts from October 28, 2016. The stock of Colfax Corporation (NYSE:CFX) earned “Buy” rating by Stifel Nicolaus on Friday, October 28. As per Friday, January 13, the company rating was upgraded by RBC Capital Markets. The firm earned “Buy” rating on Monday, November 14 by Argus Research.

Bdt Capital Partners Llc holds 100% of its portfolio in Colfax Corporation for 10.70 million shares. Van Den Berg Management I Inc owns 1.09 million shares or 4.19% of their US portfolio. Moreover, Bares Capital Management Inc. has 3.9% invested in the company for 3.20 million shares. The Nebraska-based Lincoln Capital Llc has invested 2.78% in the stock. Lafayette Investments Inc., a Maryland-based fund reported 187,030 shares.

More recent Colfax Corporation (NYSE:CFX) news were published by: Benzinga.com which released: “BofA Downgrades Colfax On Macro Volatility, Howden Challenges” on June 04, 2018. Also Streetinsider.com published the news titled: “Circor International (CIR) Prices 3.28M Share Common Offering at $44.25/Sh on Behalf of Colfax Corporation (CFX)” on June 13, 2018. Streetinsider.com‘s news article titled: “Circor (CIR) to Offer 3.3M Shares on Behalf of Colfax Corp. (CFX)” with publication date: June 11, 2018 was also an interesting one.

Colfax Corporation, an industrial manufacturing and engineering company, provides gas and fluid handling, and fabrication technology services and products worldwide. The company has market cap of $3.82 billion. The firm operates through two divisions, Gas and Fluid Handling, and Fabrication Technology. It has a 25.22 P/E ratio. The Gas and Fluid Handling segment designs, makes, supplies, installs, and maintains heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid handling systems, controls, and specialty valves.

Analysts await Colfax Corporation (NYSE:CFX) to report earnings on July, 27. They expect $0.53 earnings per share, up 23.26% or $0.10 from last year’s $0.43 per share. CFX’s profit will be $65.44 million for 14.58 P/E if the $0.53 EPS becomes a reality. After $0.48 actual earnings per share reported by Colfax Corporation for the previous quarter, Wall Street now forecasts 10.42% EPS growth.

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

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