Sheaff Brock Investment Advisors LLC Continues to Hold Holdings in Pengrowth Energy Corporation (PGH)

Sheaff Brock Investment Advisors LLC maintained its position in shares of Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,333 shares of the oil and gas company’s stock at the end of the 2nd quarter. Sheaff Brock Investment Advisors LLC’s holdings in Pengrowth Energy Corporation were worth $106,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Creative Planning raised its position in shares of Pengrowth Energy Corporation by 6.9% during the second quarter. Creative Planning now owns 135,218 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 8,766 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Pengrowth Energy Corporation during the first quarter valued at approximately $117,000. TD Asset Management Inc. raised its position in shares of Pengrowth Energy Corporation by 0.7% during 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 during the last quarter. Bank of America Corp DE raised its position in shares of Pengrowth Energy Corporation by 8.9% during the first quarter. Bank of America Corp DE now owns 162,905 shares of the oil and gas company’s stock valued at $163,000 after buying an additional 13,320 shares during the last quarter. Finally, Paragon Capital Management Ltd raised its position in shares of Pengrowth Energy Corporation by 55.6% during the second quarter. Paragon Capital Management Ltd now owns 210,000 shares of the oil and gas company’s stock valued at $166,000 after buying an additional 75,000 shares during the last quarter. Hedge funds and other institutional investors own 16.72% of the company’s stock.

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Pengrowth Energy Corporation (PGH) opened at 0.6259 on Friday. The stock’s market capitalization is $345.65 million. Pengrowth Energy Corporation has a 12-month low of $0.54 and a 12-month high of $1.77. The company has a 50 day moving average of $0.63 and a 200-day moving average of $0.85.

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

About Pengrowth Energy Corporation

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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