Brookfield Asset Management Holding in Pg&E (PCG) Trimmed as Stock Value Declined; Facebook (FB) Shareholder Matthew 25 Management Upped Stake

April 17, 2018 - By Darrin Black

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Brookfield Asset Management Inc decreased its stake in Pg&E Corp (PCG) by 39.07% based on its latest 2017Q4 regulatory filing with the SEC. Brookfield Asset Management Inc sold 1.17M shares as the company’s stock declined 1.41% with the market. The hedge fund held 1.82 million shares of the power generation company at the end of 2017Q4, valued at $81.45M, down from 2.98 million at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Pg&E Corp for a number of months, seems to be less bullish one the $24.08B market cap company. The stock increased 2.37% or $1.0808 during the last trading session, reaching $46.6708. About 2.12 million shares traded. PG&E Corporation (NYSE:PCG) has declined 34.60% since April 17, 2017 and is downtrending. It has underperformed by 46.15% the S&P500.

Matthew 25 Management Corp increased its stake in Facebook Inc. (FB) by 4.86% based on its latest 2017Q4 regulatory filing with the SEC. Matthew 25 Management Corp bought 1,750 shares as the company’s stock declined 14.10% with the market. The institutional investor held 37,750 shares of the technology company at the end of 2017Q4, valued at $6.66M, up from 36,000 at the end of the previous reported quarter. Matthew 25 Management Corp who had been investing in Facebook Inc. for a number of months, seems to be bullish on the $488.05 billion market cap company. The stock increased 2.12% or $3.5 during the last trading session, reaching $168.33. About 14.69 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 8.48% since April 17, 2017 and is uptrending. It has underperformed by 3.07% the S&P500.

Since October 17, 2017, it had 0 insider purchases, and 41 selling transactions for $1.29 billion activity. Stretch Colin sold $131,470 worth of stock. Another trade for 17,830 shares valued at $3.29M was sold by FISCHER DAVID B.. Sandberg Sheryl had sold 55,000 shares worth $10.07M on Thursday, March 15. 14,901 Facebook, Inc. (NASDAQ:FB) shares with value of $2.66 million were sold by Wehner David M.. 38,017 shares were sold by Schroepfer Michael Todd, worth $7.14M. Cox Christopher K sold 16,000 shares worth $2.80 million.

Matthew 25 Management Corp, which manages about $821.26 million and $369.12 million US Long portfolio, decreased its stake in Kansas City Southern (NYSE:KSU) by 5,000 shares to 115,000 shares, valued at $12.10 million in 2017Q4, according to the filing. It also reduced its holding in Scripps Networks Interactive Inc (NYSE:SNI) by 55,000 shares in the quarter, leaving it with 215,000 shares, and cut its stake in Mastercard Inc. (NYSE:MA).

Among 55 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 3 Hold. Therefore 91% are positive. Facebook had 253 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by UBS on Thursday, July 30. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Wells Fargo on Tuesday, April 10. The stock has “Buy” rating by Suntrust Robinson on Monday, January 25. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, April 28. The rating was downgraded by Pivotal Research on Monday, July 31 to “Sell”. The company was maintained on Thursday, January 28 by Jefferies. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by BTIG Research on Tuesday, March 21. William Blair maintained the stock with “Buy” rating in Thursday, July 20 report. On Thursday, December 1 the stock rating was maintained by Canaccord Genuity with “Buy”. Oppenheimer maintained it with “Outperform” rating and $140 target in Thursday, April 28 report.

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.06, from 1.15 in 2017Q3. It improved, as 57 investors sold FB shares while 621 reduced holdings. 147 funds opened positions while 670 raised stakes. 1.61 billion shares or 1.26% less from 1.63 billion shares in 2017Q3 were reported. Toth Advisory invested 0.25% in Facebook, Inc. (NASDAQ:FB). Sumitomo Mitsui Tru Hldgs Incorporated stated it has 1.65% in Facebook, Inc. (NASDAQ:FB). Moreover, Truenorth Incorporated has 1.6% invested in Facebook, Inc. (NASDAQ:FB) for 20,287 shares. Generation Management Llp has invested 1.13% in Facebook, Inc. (NASDAQ:FB). Moreover, Coldstream Capital Mgmt Inc has 1.27% invested in Facebook, Inc. (NASDAQ:FB). Atlantic Tru Grp Limited Company owns 1.15M shares for 0.86% of their portfolio. Gsa Capital Prtnrs Llp has 12,384 shares for 0.13% of their portfolio. New York State Teachers Retirement Systems holds 1.7% or 4.06M shares. Rench Wealth holds 0.25% or 2,200 shares. Tarbox Family Office Incorporated holds 1,666 shares or 0.12% of its portfolio. Ancora Advisors Ltd reported 15,878 shares. Goodman has 653 shares. Ipg Invest Ltd Limited Liability Company invested 4.68% of its portfolio in Facebook, Inc. (NASDAQ:FB). Atria Invests Limited Liability invested in 105,269 shares or 0.92% of the stock. Shine Investment Advisory reported 2,026 shares stake.

Among 16 analysts covering PG&E Corporation (NYSE:PCG), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. PG&E Corporation had 51 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, November 17 by Citigroup. Jefferies maintained the shares of PCG in report on Wednesday, August 30 with “Buy” rating. On Thursday, July 30 the stock rating was downgraded by Credit Suisse to “Neutral”. On Sunday, November 5 the stock rating was maintained by RBC Capital Markets with “Buy”. Mizuho maintained the stock with “Buy” rating in Friday, October 6 report. The firm earned “Hold” rating on Thursday, April 5 by Mizuho. Wells Fargo downgraded the shares of PCG in report on Monday, December 18 to “Hold” rating. As per Thursday, July 13, the company rating was maintained by BMO Capital Markets. Jefferies maintained the shares of PCG in report on Wednesday, October 21 with “Buy” rating. The stock has “Overweight” rating by JP Morgan on Wednesday, February 21.

Analysts await PG&E Corporation (NYSE:PCG) to report earnings on May, 3 before the open. They expect $1.09 earnings per share, up 2.83% or $0.03 from last year’s $1.06 per share. PCG’s profit will be $562.34M for 10.70 P/E if the $1.09 EPS becomes a reality. After $0.63 actual earnings per share reported by PG&E Corporation for the previous quarter, Wall Street now forecasts 73.02% EPS growth.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.24, from 1.17 in 2017Q3. It dropped, as 97 investors sold PCG shares while 174 reduced holdings. 109 funds opened positions while 142 raised stakes. 400.70 million shares or 2.67% less from 411.71 million shares in 2017Q3 were reported. Moreover, Tobam has 1.06% invested in PG&E Corporation (NYSE:PCG) for 545,383 shares. Louisiana State Employees Retirement Systems invested 0.06% in PG&E Corporation (NYSE:PCG). Int Ca stated it has 0.17% of its portfolio in PG&E Corporation (NYSE:PCG). Whittier Trust accumulated 0.01% or 9,140 shares. State Bank Of Montreal Can has invested 0.03% in PG&E Corporation (NYSE:PCG). Covington Cap Mgmt holds 0% or 600 shares in its portfolio. Cetera Advisors Ltd Liability Com holds 14,534 shares. Sandy Spring Financial Bank reported 553 shares. California-based Franklin Resource Inc has invested 0.36% in PG&E Corporation (NYSE:PCG). 109,620 were reported by Hartford Inv Management. Principal Financial Gp holds 0.03% or 736,093 shares. Us Financial Bank De invested in 205,629 shares. Advsr Asset Mngmt owns 19,184 shares. 842,825 were reported by State Teachers Retirement Sys. Moreover, Balyasny Asset Mgmt Ltd has 0% invested in PG&E Corporation (NYSE:PCG) for 31,607 shares.

Brookfield Asset Management Inc, which manages about $13.20B and $21.38 billion US Long portfolio, upped its stake in Canadian Natl Ry Co (NYSE:CNI) by 8,700 shares to 17,080 shares, valued at $1.41M in 2017Q4, according to the filing. It also increased its holding in Mgm Growth Pptys Llc by 238,400 shares in the quarter, for a total of 3.53 million shares, and has risen its stake in Firstenergy Corp (NYSE:FE).

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