Steve Cohen and SAC Capital’s Favorite Utilities Stocks

Wall St. Watchdog reveals information about the SAC Capital’s top holdings in the Utilities sector.

  • Edison International (NYSE:EIX): On 3/31/11 SAC Capital reported holding 1,610,234 shares with a market value of $58,918,462. This comprised 0.45% of the total portfolio. On 6/30/11, SAC Capital held 1,923,763 shares with a market value of $74,545,816. This comprised 0.54% of the total portfolio. The net change in shares for this position over the two quarters is 313,529. About the 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.
  • PPL Corporation (NYSE:PPL): On 3/31/11 SAC Capital reported holding 1,117,816 shares with a market value of $28,280,744. This comprised 0.22% of the total portfolio. On 6/30/11, SAC Capital held 2,396,599 shares with a market value of $66,697,350. This comprised 0.48% of the total portfolio. The net change in shares for this position over the two quarters is 1,278,783. About the 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.
  • Exelon Corp. (NYSE:EXC): On 3/31/11 SAC Capital reported holding 56,017 shares with a market value of $2,310,141. This comprised 0.02% of the total portfolio. On 6/30/11, SAC Capital held 1,404,172 shares with a market value of $60,154,729. This comprised 0.44% of the total portfolio. The net change in shares for this position over the two quarters is 1,348,155. About the 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.
  • The AES Corporation (NYSE:AES): On 3/31/11 SAC Capital reported holding 5,232,460 shares with a market value of $68,021,980. This comprised 0.52% of the total portfolio. On 6/30/11, SAC Capital held 3,532,298 shares with a market value of $45,001,476. This comprised 0.33% of the total portfolio. The net change in shares for this position over the two quarters is -1,700,162. About the 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.
  • American Electric Power Co., Inc. (NYSE:AEP): On 3/31/11 SAC Capital reported holding 774,278 shares with a market value of $27,208,128. This comprised 0.21% of the total portfolio. On 6/30/11, SAC Capital held 487,232 shares with a market value of $18,358,902. This comprised 0.13% of the total portfolio. The net change in shares for this position over the two quarters is -287,046. About the 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.
  • Calpine Corp. (NYSE:CPN): On 3/31/11 SAC Capital reported holding 67,021 shares with a market value of $1,063,623. This comprised 0.01% of the total portfolio. On 6/30/11, SAC Capital held 703,187 shares with a market value of $11,342,406. This comprised 0.08% of the total portfolio. The net change in shares for this position over the two quarters is 636,166. About the 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.
  • Centerpoint Energy, Inc. (NYSE:CNP): On 3/31/11 SAC Capital reported holding 39,921 shares with a market value of $701,013. This comprised 0.01% of the total portfolio. On 6/30/11, SAC Capital held 281,538 shares with a market value of $5,447,760. This comprised 0.04% of the total portfolio. The net change in shares for this position over the two quarters is 241,617. About the company: CenterPoint Energy, Inc. is a public utility holding company. The Company, through its subsidiaries, conducts activities in electricity transmission and distribution, natural gas distribution and sales, interstate pipeline and gathering operations, and power generation.

(Note: Data on SAC Capital’s holdings are sourced from whalewisdom.com.  All data are assumed to be accurate.)

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