EQT Corporation: PNC Financial’s Largest Utilities Sector Position

Wall St. Watchdog reveals information regarding PNC Financial Services Group’s top holdings in the Utilities sector for the quarter ending September 30th, 2011. The firm held 106 stocks in the Utilities sector at the end of the quarter with an aggregate market value of $871.184 million.

  • Eqt Corporation (NYSE:EQT): On 06/30/2011, PNC Financial Services Group reported holding 2,204,183 shares with a market value of $115,763,692. This comprised 0.29% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 3,000,204 shares with a market value of $160,090,887. This comprised 0.46% of the total portfolio. The net change in shares for this position over the two quarters is 796,021. About Company: EQT Corporation is an integrated energy company with emphasis on Appalachian area natural-gas supply, transmission and distribution. The Company, through its subsidiaries, offer natural gas products to wholesale and retail customers.
  • Dominion Resources Inc. (NYSE:D): On 06/30/2011, PNC Financial Services Group reported holding 2,399,523 shares with a market value of $115,824,976. This comprised 0.29% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 2,355,012 shares with a market value of $119,563,960. This comprised 0.34% of the total portfolio. The net change in shares for this position over the two quarters is -44,511. About Company: Dominion Resources, Inc., a diversified utility holding company, generates, transmits, distributes, and sells electric energy in Virginia and northeastern North Carolina. The Company produces, transports, distributes, and markets natural gas to customers in the Northeast and Mid-Atlantic regions of the United States.
  • Wisconsin Energy Corp. (NYSE:WEC): On 06/30/2011, PNC Financial Services Group reported holding 3,456,767 shares with a market value of $108,369,647. This comprised 0.27% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 3,530,857 shares with a market value of $110,480,519. This comprised 0.32% of the total portfolio. The net change in shares for this position over the two quarters is 74,090. About Company: Wisconsin Energy Corporation is a diversified energy holding company. The Company, through its subsidiaries, provides utility services such as distributing electric, gas, steam, and water.
  • Nextera Energy Inc. (NYSE:NEE): On 06/30/2011, PNC Financial Services Group reported holding 1,869,279 shares with a market value of $107,408,770. This comprised 0.27% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 1,887,759 shares with a market value of $101,976,742. This comprised 0.29% of the total portfolio. The net change in shares for this position over the two quarters is 18,480. About Company: NextEra Energy, Inc. is a clean energy company. The Company, through its subsidiaries, generates, transmits, distributes, and sells electric energy utilizing natural gas, wind and nuclear resources.
  • Consolidated Edison Inc. (NYSE:ED): On 06/30/2011, PNC Financial Services Group reported holding 706,738 shares with a market value of $37,626,732. This comprised 0.09% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 741,824 shares with a market value of $42,298,805. This comprised 0.12% of the total portfolio. The net change in shares for this position over the two quarters is 35,086. About Company: Consolidated Edison, Inc., through its subsidiaries, provides a variety of energy related products and services. The Company supplies electric service in New York, parts of New Jersey, and Pennsylvania as well as supplies electricity to wholesale customers.
  • Southern Company (NYSE:SO): On 06/30/2011, PNC Financial Services Group reported holding 959,939 shares with a market value of $38,762,338. This comprised 0.1% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 940,800 shares with a market value of $39,861,695. This comprised 0.11% of the total portfolio. The net change in shares for this position over the two quarters is -19,139. 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.
  • Oge Energy Corp. (NYSE:OGE): On 06/30/2011, PNC Financial Services Group reported holding 256,833 shares with a market value of $12,923,836. This comprised 0.03% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 807,765 shares with a market value of $38,603,090. This comprised 0.11% of the total portfolio. The net change in shares for this position over the two quarters is 550,932. About Company: OGE Energy Corp., through its principal subsidiary Oklahoma Gas and Electric Company, generates, transmits, and distributes electricity to wholesale and retail customers in communities in Oklahoma and western Arkansas. The Company, through Enogex Inc., operates natural gas transmission and gathering pipelines, has interests in gas processing plants, and markets electricity.
  • Northeast Utilities (NYSE:NU): On 06/30/2011, PNC Financial Services Group reported holding 1,006,765 shares with a market value of $35,407,923. This comprised 0.09% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 1,070,655 shares with a market value of $36,027,542. This comprised 0.1% of the total portfolio. The net change in shares for this position over the two quarters is 63,890. About Company: Northeast Utilities is a public utility holding company. The Company, through its subsidiaries, provides retail electric service to customers in Connecticut, New Hampshire, and western Massachusetts. Northeast also distributes natural gas throughout Connecticut.
  • Exelon Corp. (NYSE:EXC): On 06/30/2011, PNC Financial Services Group reported holding 779,572 shares with a market value of $33,396,865. This comprised 0.08% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 728,822 shares with a market value of $31,055,106. This comprised 0.09% of the total portfolio. The net change in shares for this position over the two quarters is -50,750. About Company: Exelon Corporation is a utility services holding company. The Company, through its subsidiaries distributes electricity to customers in Illinois and Pennsylvania. Exelon also distributes gas to customers in the Philadelphia area as well as operates nuclear power plants in states that include Pennsylvania and New Jersey.
  • Ppl Corporation (NYSE:PPL): On 06/30/2011, PNC Financial Services Group reported holding 820,746 shares with a market value of $22,841,361. This comprised 0.06% of the total portfolio. On 09/30/2011, PNC Financial Services Group reported holding 802,555 shares with a market value of $22,904,920. This comprised 0.07% of the total portfolio. The net change in shares for this position over the two quarters is -18,191. About Company: PPL Corporation is an energy and utility holding company. The Company, through its subsidiaries, generates electricity from power plants in the northeastern and western United States, and markets wholesale and retail energy primarily in the northeastern and western portions of the United States, and delivers electricity in Pennsylvania and the United Kingdom.

(Note: Data regarding PNC Financial Services Group’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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