Grace & White Inc. NY increased its holdings in Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) by 10.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,511,892 shares of the oil and gas company’s stock after purchasing an additional 335,066 shares during the quarter. Grace & White Inc. NY owned approximately 0.64% of Pengrowth Energy Corporation worth $3,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Guardian Capital Advisors LP grew its stake in shares of Pengrowth Energy Corporation by 127.2% in the second quarter. Guardian Capital Advisors LP now owns 105,995 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 59,340 shares during the last quarter. Creative Planning grew its stake in shares of Pengrowth Energy Corporation by 6.9% in the second quarter. Creative Planning now owns 135,218 shares of the oil and gas company’s stock worth $107,000 after purchasing an additional 8,766 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Pengrowth Energy Corporation in the first quarter worth about $117,000. Bank of America Corp DE boosted its position in Pengrowth Energy Corporation by 8.9% during the 1st quarter. Bank of America Corp DE now owns 162,905 shares of the oil and gas company’s stock valued at $163,000 after acquiring an additional 13,320 shares in the last quarter. Finally, Paragon Capital Management Ltd boosted its position in Pengrowth Energy Corporation by 55.6% during the 2nd quarter. Paragon Capital Management Ltd now owns 210,000 shares of the oil and gas company’s stock valued at $166,000 after acquiring an additional 75,000 shares in the last quarter. 16.61% of the stock is currently owned by institutional investors.

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Several analysts have weighed in on the company. Raymond James Financial, Inc. cut Pengrowth Energy Corporation from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 5th. Canaccord Genuity cut Pengrowth Energy Corporation from a “speculative buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised Pengrowth Energy Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. AltaCorp Capital cut Pengrowth Energy Corporation from a “sector perform” rating to an “underperform” rating in a research report on Friday, October 6th. Finally, ValuEngine cut Pengrowth Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, October 2nd. Seven investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has an average rating of “Sell” and an average target price of $1.99.

Pengrowth Energy Corporation Profile

Pengrowth Energy Corporation is engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia. The Lindbergh thermal property is located approximately 420 kilometers north east of Calgary, Alberta and 50 kilometers south of Bonnyville, Alberta.

Institutional Ownership by Quarter for Pengrowth Energy Corporation (NYSE:PGH)

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