Firstenergy, Entergy and Idacorp Among First Eagle’s Top Utilities Stocks in Q3

Wall St. Watchdog reveals information regarding First Eagle Investment Management’s top holdings in the Utilities sector for the quarter ending September 30th, 2011. The firm held 9 stocks in the Utilities sector at the end of the quarter with an aggregate market value of $1.201 billion.

  • Firstenergy Corp. (NYSE:FE): On 06/30/2011, First Eagle Investment Management reported holding 11,296,709 shares with a market value of $498,749,720. This comprised 2.35% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 12,304,609 shares with a market value of $552,599,988. This comprised 2.77% of the total portfolio. The net change in shares for this position over the two quarters is 1,007,900. About Company: FirstEnergy Corp. is a public utility holding company. The Company’s subsidiaries and affiliates are involved in the generation, transmission and distribution of electricity, exploration and production of oil and natural gas, transmission and marketing of natural gas, and energy management and other energy-related services.
  • Entergy Corporation (NYSE:ETR): On 06/30/2011, First Eagle Investment Management reported holding 2,225,841 shares with a market value of $151,980,421. This comprised 0.72% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 3,244,383 shares with a market value of $215,070,152. This comprised 1.08% of the total portfolio. The net change in shares for this position over the two quarters is 1,018,542. About Company: Entergy Corporation is an integrated energy company that is primarily focused on electric power production and retail electric distribution operations. The Company delivers electricity to utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy also owns and operates nuclear plants in the northern United States
  • Idacorp Inc. (NYSE:IDA): On 06/30/2011, First Eagle Investment Management reported holding 4,836,894 shares with a market value of $191,057,313. This comprised 0.9% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 4,455,819 shares with a market value of $168,340,836. This comprised 0.84% of the total portfolio. The net change in shares for this position over the two quarters is -381,075. About Company: IDACORP, Inc is the holding company for Idaho Power Company, an electric utility and IDACORP Energy, an energy marketing company. Idaho Power generates, purchases, transmits, distributes, and sells electric energy in southern Idaho, eastern Oregon, and northern Nevada. IDACORP Energy maintains electricity and natural gas marketing operations.
  • Kinder Morgan Inc. Common Stock (NYSE:KMI): On 06/30/2011, First Eagle Investment Management reported holding 5,865,692 shares with a market value of $168,521,328. This comprised 0.79% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 6,056,880 shares with a market value of $156,812,620. This comprised 0.79% of the total portfolio. The net change in shares for this position over the two quarters is 191,188. 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.
  • Calpine Corp. (NYSE:CPN): On 06/30/2011, First Eagle Investment Management reported holding 6,049,457 shares with a market value of $97,577,736. This comprised 0.46% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 6,147,327 shares with a market value of $86,554,364. This comprised 0.43% of the total portfolio. The net change in shares for this position over the two quarters is 97,870. About Company: Calpine Corporation acquires, develops, owns, and operates power generation facilities, as well as sells electricity in the United States. The Company also provides thermal energy for industrial customers.
  • Southern Union Co. (NYSE:SUG): On 06/30/2011, First Eagle Investment Management reported holding 275,000 shares with a market value of $11,041,250. This comprised 0.05% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 473,400 shares with a market value of $19,205,838. This comprised 0.1% of the total portfolio. The net change in shares for this position over the two quarters is 198,400. About Company: Southern Union Company, through subsidiaries, gathers, processes, stores, transports, and distributes natural gas. The Company transports natural gas by pipeline from gas producing areas to customers primarily in the southeast, midwest, and Great Lakes region. Southern Union also operates a liquefied natural gas import terminal.
  • Eqt Corporation (NYSE:EQT): On 06/30/2011, First Eagle Investment Management reported holding 37,500 shares with a market value of $1,969,500. This comprised 0.01% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 37,500 shares with a market value of $2,001,000. This comprised 0.01% of the total portfolio. The net change in shares for this position over the two quarters is 0. 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.
  • Uil Holdings Corporation (NYSE:UIL): On 06/30/2011, First Eagle Investment Management reported holding 15,998 shares with a market value of $517,535. This comprised 0% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 15,998 shares with a market value of $526,814. This comprised 0% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: UIL Holdings Corporation, through The United Illuminating Company, provides electricity and energy-related services to customers and municipalities in Connecticut. The Company’s other subsidiary, United Resources Inc., is the umbrella for UIL’s non-regulated business units, including Precision Power, American Payment Systems, United Capital, and United Bridgeport Energy.
  • Veolia Environnement S.a. (NYSE:VE): On 06/30/2011, First Eagle Investment Management reported holding 300 shares with a market value of $8,502. This comprised 0% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 300 shares with a market value of $4,368. This comprised 0% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Veolia Environnement operates utility and public transportation businesses. The Company supplies drinking water, provides waste management services, manages and maintains heating and air conditioning systems, and operates rail and road passenger transportation systems.

(Note: Data regarding First Eagle Investment Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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