As it was in the second quarter, Robert Bruce (Trades, Portfolio)’s primary transactions in the third quarter involved stocks in the energy sector.
Bruce’s most noteworthy transaction in the third quarter was his addition of 106,300 shares to his stake in Duke Energy Corporation (DUK, Financial), a Charlotte, North Carolina-based electric power holding company. Bruce paid an average price of $72.41 per share in a deal that raised his position by more than 89% and had a 2.2% impact on his portfolio.
Duke Energy has a market cap of $46.13 billion and an enterprise value of $87.42 billion. It has a P/E of 19.3, a forward P/E of 13.9, a P/B of 1.2 and a P/S of 2.0. GuruFocus has given Duke Energy a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
T Rowe Price Equity Income Fund (Trades, Portfolio), Jim Simons (Trades, Portfolio), Ray Dalio (Trades, Portfolio), Dodge & Cox, James Barrow (Trades, Portfolio) and John Hussman (Trades, Portfolio) have shares of Duke Energy in their portfolios.
Duke Energy sold for $66.99 per share Friday.
Bruce increased his position in Xcel Energy Inc. (XEL, Financial), a Minneapolis-based electricity and natural gas company, by nearly 452%. Bruce purchased 201,500 shares for an average price of $34 per share. The transaction had a 2.06% impact on Bruce’s portfolio.
Xcel Energy has a market cap of $17.79 billion and an enterprise value of $30.6 billion. It has a P/E of 18.3, a forward P/E of 15.4, a P/B of 1.7 and a P/S of 1.6. GuruFocus has given Xcel Energy a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
T Rowe Price Equity Income Fund (Trades, Portfolio), James Barrow (Trades, Portfolio), Mairs and Power (Trades, Portfolio) and Jim Simons (Trades, Portfolio) have shares of Xcel Energy in their portfolios.
On Friday, Xcel Energy sold for $34.95 per share.
Bruce raised his stake in CMS Energy Corp. (CMS, Financial), a Jackson, Michigan-based energy company, by more than 49%. Bruce acquired 108,000 shares for an average price of $33.73 per share. The deal had a 1.1% impact on his portfolio.
CMS Energy has a market cap of $9.71 billion and an enterprise value of $17.68 billion. It has a P/E of 18.8, a forward P/E of 17.1, a P/B of 2.5 and a P/S of 1.4. GuruFocus has given CMS Energy a Financial Strength rating of 4/10 and a Profitability and Growth rating of 5/10.
Bruce is CMS Energy’s leading shareholder among the gurus with 328,00 shares in his portfolio. Joel Greenblatt (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Manning & Napier Advisors Inc., Murray Stahl (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of CMS Energy in their portfolios.
CMS Energy sold for $34.99 per share Friday.
Bruce added 55,000 shares to his stake in Avista Corp. (AVA, Financial), a Spokane, Washington-based energy company. Bruce paid an average price of $31.94 per share in a deal that had a 0.53% impact on his portfolio.
Avista has a market cap of $2.15 billion and an enterprise value of $3.71 billion. It has a P/E of 18.5, a forward P/E of 16.6, a P/B of 1.4 and a P/S of 1.4. GuruFocus has given Avista a Financial Strength rating of 4/10 and a Profitability and Growth rating of 5/10.
Ken Fisher (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) have shares of Avista in their portfolios.
On Friday Avista sold for $34.45 per share.
Bruce reduced his stake in Amerco Inc. (UHAL, Financial), the Reno, Nevada-based parent company of U-Haul moving equipment and storage, by more than 9%. Bruce sold 22,000 shares for an average price of $363.41 per share in a deal that had a -2.12% impact on his portfolio.
Amerco has a market cap of $7.92 billion and an enterprise value of $6.8 billion. It has a P/E of 18.3, a forward P/E of 20.0, a P/B of 3.7 and a P/S of 2.5. GuruFocus has given Amerco a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Bruce is Amerco’s leading shareholder among the gurus with 220,865 shares in his portfolio. Columbia Wanger (Trades, Portfolio), Jim Simons (Trades, Portfolio), Julian Robertson (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Chuck Royce (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and George Soros (Trades, Portfolio) have shares of Amerco in their portfolios.
Amerco sold for $401.45 per share Friday.
Bruce trimmed his stake in Supernus Pharmaceuticals Inc. (SUPN, Financial), a Rockville, Maryland-based pharmaceutical company, by more than 43%. Bruce sold 300,000 shares for an average price of $18.58 per share. The deal had a -1.5% impact on Bruce’s portfolio.
Supernus Pharmaceuticals has a market cap of $705.98 million and an enterprise value of $656.35 million. It has a P/E of 67.2, a P/B of 6.4 and a P/S of 5.6. GuruFocus has given Supernus Pharmaceuticals a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.
Bruce is Supernus Pharmaceuticals’ leading shareholder among the gurus with 394,581 shares in his portfolio. Jim Simons (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of Supernus Pharmaceuticals in their portfolios.
On Friday Supernus Pharmaceuticals sold for $14.59 per share.
Bruce sold more than 20% of his stake in RLI Corp. (RLI, Financial), a Peoria, Illinois-based property and casualty insurance company. Bruce sold 30,000 shares for an average price of $54.19 per share in a deal that had a -0.45% impact on his portfolio.
RLI has a market cap of $2.64 billion and an enterprise value of $2.7 billion. It has a P/E of 19.1, a forward P/E of 26.6, a P/B of 3.0 and a P/S of 3.4. GuruFocus has given RLI a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Tom Gayner (Trades, Portfolio), Chuck Royce (Trades, Portfolio) and Jim Simons (Trades, Portfolio) have shares of RLI in their portfolios.
RLI sold for $60.8 per share Friday.
Bruce sold one stake in the third quarter – Hospira Inc. (HSP, Financial), a Lake Forest, Illinois-based pharmaceutical and medical device company. Bruce sold his 10,000-share stake in the company for an average price of $89.48 per share. The transaction had a -0.26% impact on Bruce’s portfolio.
Hospira has a market cap of $15.56 billion and an enterprise value of $16.49 billion. It has a P/E of 37.8, a forward P/E of 27.9, a P/B of 4.3 and a P/S of 3.4. GuruFocus has given Hospira a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Meridian Funds (Trades, Portfolio) has shares of Hospira in its portfolio.
On Friday Hospira sold for $89.95 per share.
Bruce made no new buys in the third quarter.
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