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Principal Financial Group Inc. Has $1.36 Million Position in Cenovus Energy Inc $CVE
Principal Financial Group Inc. significantly increased its stake in Cenovus Energy Inc. by 253.4% in the third quarter, bringing its total holdings to $1.36 million. This move is part of a broader trend where several institutional investors have adjusted their positions in the oil and gas company. Cenovus Energy currently holds a “Moderate Buy” rating from analysts with an average price target of $27.67, and its stock performance shows a 50-day simple moving average of $18.36 and a two-hundred day simple moving average of $17.43.