National Fuel Gas and Southern Union Among Gabelli Funds’ $1.9B Invested in Utilities Sector

Wall St. Watchdog reveals information regarding Gabelli Funds’ top holdings in the Utilities sector for the quarter ending September 30th, 2011. The firm held 93 stocks in the Utilities sector at the end of the quarter with an aggregate market value of $1.941 billion.

  • National Fuel Gas Co. (NYSE:NFG): On 06/30/2011, Gabelli Funds reported holding 2,992,020 shares with a market value of $217,819,065. This comprised 1.47% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 3,392,077 shares with a market value of $165,126,309. This comprised 1.33% of the total portfolio. The net change in shares for this position over the two quarters is 400,057. About Company: National Fuel Gas Company is an integrated natural gas company with operations in all segments of the natural gas industry, including utility, pipeline and storage, exploration and production, and marketing operations. The Company operates across the United States.
  • Southern Union Co. (NYSE:SUG): On 06/30/2011, Gabelli Funds reported holding 2,630,872 shares with a market value of $105,629,515. This comprised 0.71% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 2,781,090 shares with a market value of $112,828,820. This comprised 0.91% of the total portfolio. The net change in shares for this position over the two quarters is 150,218. 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.
  • Nextera Energy Inc. (NYSE:NEE): On 06/30/2011, Gabelli Funds reported holding 1,261,000 shares with a market value of $72,457,059. This comprised 0.49% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 1,522,500 shares with a market value of $82,245,451. This comprised 0.66% of the total portfolio. The net change in shares for this position over the two quarters is 261,500. 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.
  • Southwest Gas Corporation (NYSE:SWX): On 06/30/2011, Gabelli Funds reported holding 1,759,220 shares with a market value of $67,923,485. This comprised 0.46% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 2,079,233 shares with a market value of $75,205,854. This comprised 0.61% of the total portfolio. The net change in shares for this position over the two quarters is 320,013. About Company: Southwest Gas Corporation purchases, transports, and distributes natural gas to residential, commercial, and industrial customers in portions of Arizona, Nevada, and California. The Company also provides construction services to utility companies, including trenching and installation, replacement, and maintenance services for energy distribution systems.
  • D P L Inc (NYSE:DPL): On 06/30/2011, Gabelli Funds reported holding 1,759,400 shares with a market value of $53,063,504. This comprised 0.36% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 2,423,402 shares with a market value of $73,041,335. This comprised 0.59% of the total portfolio. The net change in shares for this position over the two quarters is 664,002. About Company: DPL Inc. is a holding company whose principal subsidiary is The Dayton Power and Light Company. Dayton Power & Light sells electricity to residential, commercial, and government customers in west central Ohio.
  • El Paso Electric Co. (NYSE:EE): On 06/30/2011, Gabelli Funds reported holding 1,909,182 shares with a market value of $61,666,577. This comprised 0.42% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 1,971,080 shares with a market value of $63,251,958. This comprised 0.51% of the total portfolio. The net change in shares for this position over the two quarters is 61,898. About Company: El Paso Electric Company generates, distributes, and transmits electricity in west Texas and southern New Mexico. The Company also serves wholesale customers in Texas, New Mexico, California, and Mexico. El Paso Electric owns or has partial ownership interests in electrical generating facilities.
  • Progress Energy Inc. (NYSE:PGN): On 06/30/2011, Gabelli Funds reported holding 1,071,000 shares with a market value of $51,418,708. This comprised 0.35% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 1,119,000 shares with a market value of $57,874,681. This comprised 0.47% of the total portfolio. The net change in shares for this position over the two quarters is 48,000. About Company: Progress Energy, Inc. is an integrated electric utility that provides energy and energy-related products and services in the Southeast United States. The Company serves electric and gas customers in the Carolinas and in Florida.
  • Westar Energy Inc. (NYSE:WR): On 06/30/2011, Gabelli Funds reported holding 1,970,000 shares with a market value of $53,012,700. This comprised 0.36% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 2,147,000 shares with a market value of $56,723,740. This comprised 0.46% of the total portfolio. The net change in shares for this position over the two quarters is 177,000. About Company: Westar Energy, Inc. is an electric utility company servicing customers in Kansas. The company provides electric generation, transmission and distribution services.
  • Great Plains Energy Incorporated (NYSE:GXP): On 06/30/2011, Gabelli Funds reported holding 2,703,000 shares with a market value of $56,033,189. This comprised 0.38% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 2,927,000 shares with a market value of $56,491,098. This comprised 0.46% of the total portfolio. The net change in shares for this position over the two quarters is 224,000. About Company: Great Plains Energy Incorporated provides electricity in the Midwest United States. The Company develops competitive generation for the wholesale market. Great Plains is also an electric delivery company with regulated generation. In addition, the Company is an investment company focusing on energy-related ventures nationwide that are unregulated with high growth potential.
  • Nstar (NYSE:NST): On 06/30/2011, Gabelli Funds reported holding 1,228,700 shares with a market value of $56,495,625. This comprised 0.38% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 1,223,700 shares with a market value of $54,833,999. This comprised 0.44% of the total portfolio. The net change in shares for this position over the two quarters is -5,000. About Company: NSTAR provides regulated electric and gas utility services. The Company is also involved in telecommunications and other non-regulated activities. NSTAR, through Boston Edison Company, Cambridge Electric Company, Commonwealth Electric Light Company, and Commonwealth Gas Company, serves customers throughout Massachusetts.

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

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