Institutional Investment in California Utilities
Institutional exposure to California utilities
Some investors might think that Sempra Energy (SRE) is a relatively attractive investment compared to its peers—mainly due to its agreement with Oncor. In this part, we’ll see how institutional investors played out their Sempra holdings lately.
With more than 7% stake in Sempra Energy, the Vanguard Group is the largest institutional investor in the utility. It added 0.43 million shares in 2Q17—compared to the previous quarter.
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The Vanguard Group, BlackRock Institutional Trust, and State Street are among the top institutional investors in Edison International (EIX) and PG&E (PCG). T. Rowe Price, the largest institutional investor in PG&E, sold net 4.3 million PG&E shares in 2Q17. Now, T. Rowe Price holds 8% stake in PG&E. The Vanguard Group added net 2.2 million PG&E shares in 2Q17—compared to the previous quarter. The Vanguard Group holds 7.4% stake in PG&E.