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Billionaire Daniel Loeb buys Constellation Energy shares, trims PG&E stake in Q4 FY25 reshuffle

Market News
23 Mar 2026
Lekha Gupta
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Neutral
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In Q4 FY25, billionaire investor Daniel Loeb, through Third Point LLC, acquired 475,000 shares of Constellation Energy while reducing his stake in Pacific Gas & Electric (PG&E) from 50.1 million to 34.3 million shares. Constellation Energy has outperformed peers with a 27.14% year-over-year gain and recently partnered with Nvidia to develop AI data centers using underutilized U.S. power grid capacity. PG&E, meanwhile, has underperformed its sector and recently cut electric rates, expecting lower residential rates in 2026. Loeb's reshuffle reflects strategic shifts in the electric utilities sector amid evolving market conditions and technological partnerships.

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