TPG PACE ENERGY/SH CL A (TPGE) Bond Prices Fall 1.7%

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An issue of TPG PACE ENERGY/SH CL A (NYSE:TPGE) debt fell 1.7% against its face value during trading on Friday. The debt issue has a 6% coupon and will mature on August 1, 2026. The bonds in the issue are now trading at $100.63 and were trading at $100.75 one week ago. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

Separately, Northland Securities began coverage on shares of TPG PACE ENERGY/SH CL A in a research report on Wednesday, July 11th. They set an “outperform” rating and a $20.00 target price for the company.

NYSE:TPGE traded up $0.04 during trading hours on Friday, hitting $12.30. The stock had a trading volume of 367,041 shares, compared to its average volume of 1,319,198. TPG PACE ENERGY/SH CL A has a 1-year low of $9.66 and a 1-year high of $13.00.

TPG PACE ENERGY/SH CL A (NYSE:TPGE) last issued its quarterly earnings data on Monday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. analysts anticipate that TPG PACE ENERGY/SH CL A will post 0.88 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of TPGE. Mizuho Securities USA LLC acquired a new stake in TPG PACE ENERGY/SH CL A in the first quarter valued at approximately $582,000. Citigroup Inc. purchased a new position in shares of TPG PACE ENERGY/SH CL A during the 1st quarter valued at approximately $4,903,000. Hartree Partners LP purchased a new position in shares of TPG PACE ENERGY/SH CL A during the 2nd quarter valued at approximately $4,761,000. Amica Mutual Insurance Co. bought a new position in TPG PACE ENERGY/SH CL A during the second quarter worth $3,060,000. Finally, Amica Pension Fund Board of Trustees bought a new position in TPG PACE ENERGY/SH CL A during the second quarter worth $2,750,000. 72.18% of the stock is owned by institutional investors.

TPG PACE ENERGY/SH CL A Company Profile

TPG Pace Energy Holdings Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2017 and is based in Fort Worth, Texas.

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