Letko Brosseau & Associates Inc. Has $60,065,000 Position in Pengrowth Energy Corporation (PGH)

Letko Brosseau & Associates Inc. raised its position in shares of Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,787,121 shares of the company’s stock after buying an additional 1,734,100 shares during the period. Letko Brosseau & Associates Inc. owned 7.63% of Pengrowth Energy Corporation worth $60,065,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board increased its position in shares of Pengrowth Energy Corporation by 1.8% in the third quarter. Canada Pension Plan Investment Board now owns 4,367,875 shares of the company’s stock worth $6,880,000 after buying an additional 77,700 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Pengrowth Energy Corporation by 30.9% in the second quarter. UBS Asset Management Americas Inc. now owns 353,757 shares of the company’s stock worth $643,000 after buying an additional 83,542 shares during the period. Polaris Greystone Financial Group LLC purchased a new stake in Pengrowth Energy Corporation during the second quarter worth $256,000. Wells Fargo & Company MN raised its stake in Pengrowth Energy Corporation by 21.8% in the third quarter. Wells Fargo & Company MN now owns 63,171 shares of the company’s stock worth $100,000 after buying an additional 11,318 shares during the period. Finally, Bank of Montreal Can raised its stake in Pengrowth Energy Corporation by 31.0% in the third quarter. Bank of Montreal Can now owns 950,662 shares of the company’s stock worth $1,511,000 after buying an additional 224,761 shares during the period. 17.28% of the stock is owned by hedge funds and other institutional investors.

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

Pengrowth Energy Corporation (NYSE:PGH) traded down 0.75% during midday trading on Tuesday, hitting $1.33. 839,942 shares of the stock traded hands. Pengrowth Energy Corporation has a one year low of $0.68 and a one year high of $2.08. The company has a 50-day moving average price of $1.35 and a 200 day moving average price of $1.49. The stock’s market cap is $728.45 million.

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A number of research firms recently weighed in on PGH. Canaccord Genuity reissued a “hold” rating on shares of Pengrowth Energy Corporation in a research report on Friday, December 16th. TD Securities reaffirmed a “reduce” rating and set a $1.10 target price on shares of Pengrowth Energy Corporation in a research report on Thursday, November 3rd. Scotiabank reaffirmed a “sector perform” rating and set a $2.25 target price on shares of Pengrowth Energy Corporation in a research report on Friday, December 16th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a $2.50 target price (up from $2.25) on shares of Pengrowth Energy Corporation in a research report on Monday, December 19th. Finally, RBC Capital Markets reaffirmed an “underperform” rating and set a $1.50 target price on shares of Pengrowth Energy Corporation in a research report on Saturday, December 10th. Five analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Pengrowth Energy Corporation currently has a consensus rating of “Hold” and an average price target of $1.88.

About Pengrowth Energy Corporation

Pengrowth Energy Corporation is a resource company, which is engaged in the production, development, exploration and acquisition of oil and natural gas assets. The Company owns and operates Lindbergh thermal project, which is located in the Cold Lake area of Alberta and encompasses over 42.5 sections of land.

5 Day Chart for NYSE:PGH

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