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

      Hedge fund billionaire Daniel Loeb reshuffled his stake in the Electric Utilities industry at Third Point LLC in the fourth quarter of FY25.

      As of Dec. 31, 2025, Loeb opened a new position in Constellation Energy Corporation (NASDAQ:CEG), acquiring 475,000 shares in the quarter.

      Meanwhile, the investor reduced his stake in Pacific Gas & Electric Co. (NYSE:PCG) to 34.3 million shares from about 50.1 million shares in the third quarter of 2025.

      CEG: Nvidia Deal & Strong Earnings Beat

      • On Monday, the company, along with several other energy giant companies, announced a partnership with Nvidia Corp (NASDAQ:NVDA) to build a new class of AI data centers designed to tap up to 100 gigawatts of underutilized capacity across the U.S. power grid.
      • In March, the company disclosed its plans to sell a portfolio of generation assets in PJM to LS Power at $5 billion, before closing adjustments. This represents an acquisition price of around $1,142/kW.
      • In February, the company reported fourth-quarter FY25 revenue of $6.07 billion, beating the consensus of $5.300 billion. Adjusted EPS fell …

      Full story available on Benzinga.com

      Source: Benzinga

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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud