Nextera Energy and Southern Co. Among Wells Fargo Co.’s Top Q3 Investments in Utilities Sector

Wall St. Watchdog reveals information regarding Wells Fargo Co.’s top holdings in the Utilities sector for the quarter ending September 30th, 2011. The firm held 118 stocks in the Utilities sector at the end of the quarter with an aggregate market value of $2.121 billion.

  • Nextera Energy Inc. (NYSE:NEE): On 06/30/2011, Wells Fargo Co. reported holding 7,256,466 shares with a market value of $416,956,530. This comprised 0.29% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 7,319,616 shares with a market value of $395,405,660. This comprised 0.32% of the total portfolio. The net change in shares for this position over the two quarters is 63,150. 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.
  • Southern Company (NYSE:SO): On 06/30/2011, Wells Fargo Co. reported holding 1,691,442 shares with a market value of $68,300,430. This comprised 0.05% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 4,157,272 shares with a market value of $176,143,610. This comprised 0.14% of the total portfolio. The net change in shares for this position over the two quarters is 2,465,830. 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.
  • Scana Corp. (NYSE:SCG): On 06/30/2011, Wells Fargo Co. reported holding 2,931,190 shares with a market value of $115,400,947. This comprised 0.08% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 3,315,532 shares with a market value of $134,113,272. This comprised 0.11% of the total portfolio. The net change in shares for this position over the two quarters is 384,342. About Company: SCANA Corporation is a holding company involved in regulated electric and natural gas utility operations, telecommunications, and other energy-related businesses. The Company serves electric customers in South Carolina and natural gas customers in South Carolina, North Carolina, and Georgia. SCANA also has investments in several southeastern telecommunications companies.
  • Northeast Utilities (NYSE:NU): On 06/30/2011, Wells Fargo Co. reported holding 2,806,845 shares with a market value of $98,716,734. This comprised 0.07% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 3,076,984 shares with a market value of $103,540,516. This comprised 0.09% of the total portfolio. The net change in shares for this position over the two quarters is 270,139. 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.
  • Public Service Enterprise Group Inc. (NYSE:PEG): On 06/30/2011, Wells Fargo Co. reported holding 1,830,659 shares with a market value of $59,752,709. This comprised 0.04% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 2,676,136 shares with a market value of $89,302,655. This comprised 0.07% of the total portfolio. The net change in shares for this position over the two quarters is 845,477. 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.
  • Dominion Resources Inc. (NYSE:D): On 06/30/2011, Wells Fargo Co. reported holding 1,762,615 shares with a market value of $85,081,427. This comprised 0.06% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 1,758,940 shares with a market value of $89,301,385. This comprised 0.07% of the total portfolio. The net change in shares for this position over the two quarters is -3,675. 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.
  • National Fuel Gas Co. (NYSE:NFG): On 06/30/2011, Wells Fargo Co. reported holding 1,456,970 shares with a market value of $106,067,420. This comprised 0.07% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 1,678,326 shares with a market value of $81,700,910. This comprised 0.07% of the total portfolio. The net change in shares for this position over the two quarters is 221,356. 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.
  • Energen Corp. (NYSE:EGN): On 06/30/2011, Wells Fargo Co. reported holding 1,868,317 shares with a market value of $105,559,911. This comprised 0.07% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 1,974,933 shares with a market value of $80,755,009. This comprised 0.07% of the total portfolio. The net change in shares for this position over the two quarters is 106,616. About Company: Energen Corporation is a diversified energy holding company. The Company acquires, develops, explores, and produces oil, natural gas and natural gas liquids in the continental United States. The Company also purchases, distributes and sells natural gas, principally in central and north Alabama.
  • Exelon Corp. (NYSE:EXC): On 06/30/2011, Wells Fargo Co. reported holding 1,657,461 shares with a market value of $71,005,629. This comprised 0.05% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 1,889,137 shares with a market value of $80,496,129. This comprised 0.07% of the total portfolio. The net change in shares for this position over the two quarters is 231,676. 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.
  • Duke Energy Corporation (NYSE:DUK): On 06/30/2011, Wells Fargo Co. reported holding 2,977,106 shares with a market value of $56,058,906. This comprised 0.04% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 3,241,197 shares with a market value of $64,791,527. This comprised 0.05% of the total portfolio. The net change in shares for this position over the two quarters is 264,091. About Company: Duke Energy Corporation is an energy company located primarily in the Americas that owns an integrated network of energy assets. The Company manages a portfolio of natural gas and electric supply, delivery, and trading businesses in the United States and Latin America.

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

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