Vanguard Group Inc. raised its stake in shares of Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,481,695 shares of the oil and gas company’s stock after buying an additional 617,564 shares during the period. Vanguard Group Inc. owned approximately 1.91% of Pengrowth Energy Corporation worth $10,481,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PGH. TD Asset Management Inc. boosted its stake in shares of Pengrowth Energy Corporation by 0.7% in the first quarter. TD Asset Management Inc. now owns 160,118 shares of the oil and gas company’s stock valued at $160,000 after buying an additional 1,153 shares in the last quarter. US Bancorp DE boosted its stake in shares of Pengrowth Energy Corporation by 9.7% in the first quarter. US Bancorp DE now owns 320,397 shares of the oil and gas company’s stock valued at $321,000 after buying an additional 28,240 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Pengrowth Energy Corporation by 25.0% in the first quarter. UBS Asset Management Americas Inc. now owns 288,057 shares of the oil and gas company’s stock valued at $287,000 after buying an additional 57,600 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Pengrowth Energy Corporation by 33.8% in the first quarter. Wellington Management Group LLP now owns 429,992 shares of the oil and gas company’s stock valued at $429,000 after buying an additional 108,505 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Pengrowth Energy Corporation during the first quarter valued at about $117,000. 16.72% of the stock is owned by institutional investors.

Pengrowth Energy Corporation (NYSE:PGH) traded up 1.9085% during mid-day trading on Friday, hitting $0.6194. 79,212 shares of the stock traded hands. The company’s market cap is $342.06 million. The firm’s 50-day moving average is $0.66 and its 200-day moving average is $0.90. Pengrowth Energy Corporation has a 12-month low of $0.54 and a 12-month high of $1.77.

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Several brokerages recently issued reports on PGH. ValuEngine cut shares of Pengrowth Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Canaccord Genuity cut shares of Pengrowth Energy Corporation from a “speculative buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research cut shares of Pengrowth Energy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Natixis cut shares of Pengrowth Energy Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, June 22nd. Finally, Raymond James Financial, Inc. cut shares of Pengrowth Energy Corporation from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 5th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $2.06.

Pengrowth Energy Corporation Company 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.

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

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