Rare Infrastructure LTD Maintains Holding in Pg&E (PCG); Infosys LTD (INFY) Position Maintained by Oaktree Capital Management Lp

June 20, 2018 - By Hazel Jackson

Infosys Limited (NYSE:INFY) Logo

Howard Marks increased its stake in Infosys Ltd (INFY) by 23.73% based on its latest 2018Q1 regulatory filing with the SEC. Oaktree Capital Management Lp bought 680,153 shares as the company’s stock rose 3.62% while stock markets declined. The hedge fund run by Howard Marks held 3.55 million shares of the edp services company at the end of 2018Q1, valued at $63.31M, up from 2.87 million at the end of the previous reported quarter. Oaktree Capital Management Lp who had been investing in Infosys Ltd for a number of months, seems to be bullish on the $40.41B market cap company. The stock decreased 0.11% or $0.02 during the last trading session, reaching $18.18. About 2.33 million shares traded. Infosys Limited (NYSE:INFY) has risen 18.12% since June 20, 2017 and is uptrending. It has outperformed by 5.55% the S&P500. Some Historical INFY News: 13/04/2018 – INFOSYS 4Q DIV/SHR 20.50 RUPEES; 08/03/2018 – INFOSYS LTD INFY.NS SAYS CO NOT NAMED AS ACCUSED PARTY IN THE FIR; 13/04/2018 – INDIA’S INFOSYS’ EXEC SAYS SPENDS FROM NORTH AMERICAN CLIENTS EXPECTED TO COME BACK LATER THIS YEAR; 13/04/2018 – INFOSYS- ANTICIPATES COMPLETION OF SALE OF KALLIDUS, SKAVA, PANAYA BY MARCH 2019; 26/04/2018 – White House: Remarks by Vice President Pence at Jobs Announcement at Infosys Technologies, Ltd; 30/05/2018 – INFOSYS LTD INFY.NS – CONCLUDED ACQUISITION FOR CONSIDERATION OF ABOUT $75 MLN; 16/04/2018 – Infosys Drags India’s Sensex Lower After Disappointing Outlook; 13/04/2018 – Infosys 4Q Rev $2.81B; 13/04/2018 – Infosys CEO’s Strategy Hints at More Hiring in U.S.: TOPLive; 13/04/2018 – Infosys to Acquire Award-winning Creative and Consumer Insight Agency, WONGDOODY

Rare Infrastructure Ltd increased its stake in Pg&E Corp (PCG) by 1.32% based on its latest 2018Q1 regulatory filing with the SEC. Rare Infrastructure Ltd bought 14,983 shares as the company’s stock rose 8.77% while stock markets declined. The institutional investor held 1.15M shares of the power generation company at the end of 2018Q1, valued at $50.58M, up from 1.14M at the end of the previous reported quarter. Rare Infrastructure Ltd who had been investing in Pg&E Corp for a number of months, seems to be bullish on the $20.74 billion market cap company. The stock increased 0.65% or $0.26 during the last trading session, reaching $40.15. About 3.19 million shares traded. PG&E Corporation (NYSE:PCG) has declined 33.63% since June 20, 2017 and is downtrending. It has underperformed by 46.20% the S&P500. Some Historical PCG News: 23/04/2018 – Edison, PG&E Seek Mercy From Courts Over Doomsday Fire Payouts; 03/05/2018 – PG&E SEES $450M IN REVENUE REDUCTION DUE TO TAX REFORM; 08/03/2018 – PG&E CEO GEISHA WILLIAMS SPEAKS AT CERAWEEK; 21/04/2018 – Cal EMA Spills: SPILL Report – PG&E – 04/21/2018 03:08 AM; 23/04/2018 – Cal EMA Spills: SPILL Report – PG&E – 04/23/2018 10:42 AM; 25/05/2018 – Cal Fire: In McCourtney Fire, Investigation Finds Evidence That PG&E Allegedly Failed to Remove a Tree From Proximity of a Power Line; 03/05/2018 – PG&E INTENDS TO APPEAL BUTTE FIRE LEGAL DECISION; 30/03/2018 – PG&E CORP PCG.N -FILED SEVERAL RATEMAKING REQUESTS WITH CALIFORNIA PUBLIC UTILITIES COMMISSION; 30/03/2018 – PG&E CORP PCG.N -TAKING ACTION TO PASS ALONG APPROXIMATELY $450 MLN IN ANNUAL TAX SAVINGS TO ITS CUSTOMERS; 04/04/2018 – Cal EMA Spills: SPILL Report – PG&E – 04/04/2018 02:05 PM

Among 22 analysts covering Infosys (NYSE:INFY), 5 have Buy rating, 3 Sell and 14 Hold. Therefore 23% are positive. Infosys had 44 analyst reports since July 24, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, August 26 by Jefferies. The firm has “Hold” rating given on Friday, January 12 by BMO Capital Markets. On Friday, August 18 the stock rating was maintained by BMO Capital Markets with “Hold”. Goldman Sachs upgraded the shares of INFY in report on Thursday, May 26 to “Buy” rating. The rating was downgraded by J.P. Morgan to “Hold” on Monday, August 21. The company was initiated on Friday, October 16 by Cantor Fitzgerald. The stock of Infosys Limited (NYSE:INFY) earned “Buy” rating by Jefferies on Monday, April 16. The stock of Infosys Limited (NYSE:INFY) earned “Hold” rating by Cantor Fitzgerald on Friday, August 25. The stock of Infosys Limited (NYSE:INFY) earned “Hold” rating by Cowen & Co on Friday, August 18. The firm has “Negative” rating given on Monday, February 5 by Susquehanna.

Oaktree Capital Management Lp, which manages about $6.30 billion US Long portfolio, decreased its stake in Tribune Media Co by 199,657 shares to 6.99M shares, valued at $282.98 million in 2018Q1, according to the filing. It also reduced its holding in Anthem Inc by 564,930 shares in the quarter, leaving it with 200,000 shares, and cut its stake in Pennymac Corp (Prn).

More news for Infosys Limited (NYSE:INFY) were recently published by: Prnewswire.com, which released: “Infosys Expands Footprint in France by Establishing State-of-the-Art Digital Center of Excellence in Marseille” on June 19, 2018. Globenewswire.com‘s article titled: “Research Report Identifies AC Immune SA, Vipshop, Infosys, STMicroelectronics NV, BRF SA, and National Steel with …” and published on June 08, 2018 is yet another important article.

Among 17 analysts covering PG&E Corporation (NYSE:PCG), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. PG&E Corporation had 58 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of PG&E Corporation (NYSE:PCG) earned “Overweight” rating by Morgan Stanley on Tuesday, January 26. RBC Capital Markets maintained the shares of PCG in report on Sunday, November 5 with “Buy” rating. The company was initiated on Tuesday, November 17 by Citigroup. The firm has “Buy” rating by Jefferies given on Wednesday, August 30. Barclays Capital maintained the shares of PCG in report on Friday, March 18 with “Overweight” rating. The stock has “Buy” rating by Mizuho on Tuesday, May 24. As per Tuesday, January 2, the company rating was downgraded by Guggenheim. Deutsche Bank upgraded PG&E Corporation (NYSE:PCG) on Monday, April 18 to “Buy” rating. Citigroup maintained it with “Hold” rating and $45.0 target in Monday, January 22 report. As per Wednesday, October 21, the company rating was maintained by Jefferies.

PG&E Corporation (NYSE:PCG) Institutional Positions Chart

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