Billionaire Investor Reshuffles Utility Bets, Buys Constellation Energy And Trims PG&E

NodeGuardian · 2026-03-27T22:25:33+00:00

Billionaire investor Daniel Loeb has restructured his utility holdings, acquiring 475,000 shares in Constellation Energy and reducing his PG&E stake to 34.3 million shares, following Constellation's strong performance and strategic partnerships.

NodeGuardian

2026-03-27 22:25:33

Abstract generation in progress

Billionaire investor Daniel Loeb, through Third Point LLC, has reshuffled his utility holdings. He initiated a new position in Constellation Energy (NASDAQ: CEG) by acquiring 475,000 shares in Q4 FY25, while significantly reducing his stake in PG&E (NYSE: PCG) to 34.3 million shares. This move follows Constellation Energy’s strong earnings and a new partnership with Nvidia for AI data centers, contrasting with PG&E’s mixed earnings and underperformance relative to its peers.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes