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Kyle Ferguson
Kyle Ferguson
Articles (522)  | Author's Website |

Brian Rogers Makes Three Final Purchases for T. Rowe Price Equity Income Fund

Guru steps down after 30 years of managing the fund but not before acquiring nearly 14 million shares

November 19, 2015 | About:

Brian Rogers (Trades, Portfolio) recently stepped down from his position of managing the T. Rowe Price Equity Income Fund but not before purchasing three new holdings at the end of the third quarter. A total of 13,998,100 shares were purchased between these three companies: State Street Corp. (NYSE:STT), Columbia Pipeline Group Inc. (NYSE:CPGX) and PG&E Corp. (NYSE:PCG).

Rogers stepped down as the portfolio manager of the T. Rowe Price Equity Income Fund at the end of October. He managed the fund from 1985 until the end of the third quarter of September, gaining a respectable 10.69% return over that time.

Starting in November John Linehan took over as the portfolio manager of the T. Rowe Price Equity Income Fund. Here below is the list of the new purchases ending in the third quarter for 2015.

State Street is also traded in Mexico and Germany.

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State Street has a market cap of $28.64 billion, a P/E ratio of 16.65, a P/S ratio of 2.4 and a dividend yield of 1.80.

State Street is a financial holding company, founded in 1969 under the laws of Massachusetts. The company has two lines of business: Investment servicing and investment management. It focuses on adding value for the consumer by providing institutional investors with clearing payment and settlement services.

Below is a Peter Lynch chart of State Street.

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Colombia Pipeline has a market cap of $6.18 billion, a forward P/E ratio of 22.47, a P/S ratio of 4.81 and a dividend yield of 1.26.

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Here above is a Gurufocus chart comparing the dividend yield to the price over the last five months.

PG&E is also traded in Switzerland.

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Rogers purchased 2,780,100 shares in PG&E, a new holding for the T. Rowe Price Equity Income Fund. PG&E was incorporated in California in 1995. It is a holding company that conducts its business through Pacific Gas and Electric Company, a public utility operating in Northern and Central California. PG&E provides electricity and natural gas to its customers.

It has a market cap of $25.57 billion, a P/E ratio of 29.02, a P/S ratio of 1.48 and a dividend yield of 3.51.

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In this YouTube video Rogers talks about what being risk aware really means. “Be sensitive to risk after prices have appreciated. Be aware of the risk you’re taking when you make a new investment because valuations are higher. The global backdrop is much higher. As we’ve briefly mentioned, with higher prices come higher risk.”

“You always make more money when you’re terrified.” - Brian Rogers (Trades, Portfolio)

Cheers to your investment success.

About the author:

Kyle Ferguson
Kyle Ferguson is an investor, author of The Christian Bubble, and he is a world-renowned human and animal rights activist, and the co-founder of The Light Movement. He is outspoken, fearless, and relentless. Kyle lives in Montreal, Quebec, and he is dedicated to making the world a better place with love and light.

Visit Kyle Ferguson's Website


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