AES Corp and Edison Among Oppenheimer Funds’ Top Utilities Stocks

Wall St. Watchdog reveals information regarding Oppenheimer Funds, Inc.’s top holdings in the Utilities sector for the quarter ending September 30th, 2011. The firm held 44 stocks in the Utilities sector at the end of the quarter with an aggregate market value of $1.28 billion.

  • The Aes Corporation (NYSE:AES): On 06/30/2011, Oppenheimer Funds, Inc. reported holding 23,910,782 shares with a market value of $304,623,357. This comprised 0.5% of the total portfolio. On 09/30/2011, Oppenheimer Funds, Inc. reported holding 23,610,926 shares with a market value of $230,442,643. This comprised 0.47% of the total portfolio. The net change in shares for this position over the two quarters is -299,856. About Company: The AES Corporation acquires, develops, owns, and operates generation plants and distribution businesses in several countries. The Company sells electricity under long term contracts and serves customers under its regulated utility businesses. AES also also mines coal, turns seawater into drinking water, and develops alternative sources of energy.
  • Edison International (NYSE:EIX): On 06/30/2011, Oppenheimer Funds, Inc. reported holding 4,107,265 shares with a market value of $159,156,519. This comprised 0.26% of the total portfolio. On 09/30/2011, Oppenheimer Funds, Inc. reported holding 3,384,300 shares with a market value of $129,449,475. This comprised 0.26% of the total portfolio. The net change in shares for this position over the two quarters is -722,965. About Company: Edison International, through its subsidiaries, develops, acquires, owns, and operates electric power generation facilities worldwide. The Company also provides capital and financial services for energy and infrastructure projects, as well as manages and sells real estate projects. Additionally, Edison provides integrated energy services, utility outsourcing, and consumer products.
  • Public Service Enterprise Group Inc. (NYSE:PEG): On 06/30/2011, Oppenheimer Funds, Inc. reported holding 1,774,896 shares with a market value of $57,932,604. This comprised 0.1% of the total portfolio. On 09/30/2011, Oppenheimer Funds, Inc. reported holding 3,125,768 shares with a market value of $104,306,875. This comprised 0.21% of the total portfolio. The net change in shares for this position over the two quarters is 1,350,872. About Company: Public Service Enterprise Group Incorporated is a public utility holding company. The Company, through its subsidiaries, generates, transmits, and distributes electricity and produces natural gas in in the Northeastern and Mid Atlantic United States.
  • Kinder Morgan Inc. Common Stock (NYSE:KMI): On 06/30/2011, Oppenheimer Funds, Inc. reported holding 3,457,349 shares with a market value of $99,329,635. This comprised 0.16% of the total portfolio. On 09/30/2011, Oppenheimer Funds, Inc. reported holding 3,843,456 shares with a market value of $99,507,073. This comprised 0.2% of the total portfolio. The net change in shares for this position over the two quarters is 386,107. About Company: Kinder Morgan Inc. is a pipeline transportation and energy storage company. The Company owns and operates pipelines that transport natural gas, gasoline, crude oil, carbon dioxide and other products, and terminals that store petroleum products and chemicals and handle bulk materials like coal and petroleum coke.
  • American Electric Power Co. Inc. (NYSE:AEP): On 06/30/2011, Oppenheimer Funds, Inc. reported holding 2,506,218 shares with a market value of $94,434,295. This comprised 0.16% of the total portfolio. On 09/30/2011, Oppenheimer Funds, Inc. reported holding 2,541,990 shares with a market value of $96,646,461. This comprised 0.2% of the total portfolio. The net change in shares for this position over the two quarters is 35,772. About Company: American Electric Power Company, Inc.(NYSE:AEP)is a public utility holding company. The Company provides electric service, consisting of generation, transmission and distribution, on an integrated basis to their retail customers. AEP serves portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.
  • Cms Energy Corp. (NYSE:CMS): On 06/30/2011, Oppenheimer Funds, Inc. reported holding 3,235,226 shares with a market value of $63,701,602. This comprised 0.1% of the total portfolio. On 09/30/2011, Oppenheimer Funds, Inc. reported holding 3,208,801 shares with a market value of $63,502,175. This comprised 0.13% of the total portfolio. The net change in shares for this position over the two quarters is -26,425. About Company: CMS Energy Corporation is an energy company operating primarily in Michigan. The Company, through its subsidiaries provides electricity and/or natural gas to its customers in Michigan. CMS Energy also invests in and operates non-utility power generation plants in the United States and abroad.
  • Genon Energy Inc (NYSE:GEN): On 06/30/2011, Oppenheimer Funds, Inc. reported holding 13,013,883 shares with a market value of $50,233,587. This comprised 0.08% of the total portfolio. On 09/30/2011, Oppenheimer Funds, Inc. reported holding 22,700,366 shares with a market value of $63,107,017. This comprised 0.13% of the total portfolio. The net change in shares for this position over the two quarters is 9,686,483. About Company: GenOn Energy, Inc. is an independent power producer that generates and wholesales electricity. The Company sells electricity to investor-owned utilities, municipalities, cooperatives, and other companies that serve end users or purchase power at wholesale for resale.
  • Pepco Holdings Inc. (NYSE:POM): On 06/30/2011, Oppenheimer Funds, Inc. reported holding 2,506,299 shares with a market value of $49,198,647. This comprised 0.08% of the total portfolio. On 09/30/2011, Oppenheimer Funds, Inc. reported holding 2,486,020 shares with a market value of $47,035,499. This comprised 0.1% of the total portfolio. The net change in shares for this position over the two quarters is -20,279. About Company: Pepco Holdings, Inc. is a diversified energy company. The Company primarily distributes, transmits, and supplies electricity and supplies natural gas to customers in New Jersey, Delaware, Maryland, and the District of Columbia.
  • Cleco Corporation (NYSE:CNL): On 06/30/2011, Oppenheimer Funds, Inc. reported holding 1,562,552 shares with a market value of $54,454,935. This comprised 0.09% of the total portfolio. On 09/30/2011, Oppenheimer Funds, Inc. reported holding 1,327,392 shares with a market value of $45,317,162. This comprised 0.09% of the total portfolio. The net change in shares for this position over the two quarters is -235,160. About Company: Cleco Corporation generates, transmits, distributes, and sells electric energy to customers in Louisiana. The Company, through a subsidiary, also markets energy and energy management services. In addition, the Company is involved in energy asset development opportunities in the Southeastern region of the United States.
  • Southern Company (NYSE:SO): On 06/30/2011, Oppenheimer Funds, Inc. reported holding 926,268 shares with a market value of $37,402,703. This comprised 0.06% of the total portfolio. On 09/30/2011, Oppenheimer Funds, Inc. reported holding 986,895 shares with a market value of $41,814,740. This comprised 0.09% of the total portfolio. The net change in shares for this position over the two quarters is 60,627. About Company: Southern Company is a public utility holding company. The Company, through its subsidiaries, generates, wholesales, and retails electricity in the southeastern United States. The Company also offers wireless telecommunications services, and provides businesses with two-way radio, telephone, paging, and Internet access services as well as wholesales fiber optic solutions.

(Note: Data regarding Oppenheimer Funds, Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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