The Energy sector and energy stocks have been hot topics of conversation for more than a year, and some investors have exited the sector, but guru Robert Bruce (Trades, Portfolio), founder of the Bruce Fund, added to six existing stakes in the fourth quarter – all energy holdings.
Bruce raised his stake in NextEra Energy Inc. (NEE, Financial), a Juno Beach, Florida-based energy company, by nearly 94%. Bruce bought 117,700 shares for an average price of $101.28 per share. The deal had a 3.7% impact on Bruce’s portfolio.
Bruce’s stake, now 243,200 shares, is 0.05% of NextEra’s outstanding shares and 7.65% of Bruce’s total assets. Jim Simons (Trades, Portfolio) is NextEra’s leading shareholder among the gurus with a stake of 721,300 shares. The stake is 0.16% of NextEra’s outstanding shares and 0.16% of Simons’ total assets.
NextEra has a P/E of 18.5, a forward P/E of 17.2, a P/B of 2.3 and a P/S of 2.9. GuruFocus gives NextEra a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
NextEra sold for $112.52 per share Friday.
Bruce boosted his stake in Duke Energy Corporation (DUK, Financial), a Charlotte, North Carolina-based energy company, by more than 54%. Bruce acquired 122,488 shares for an average price of $70.29 per share. The transaction had a 2.64% impact on Bruce’s portfolio.
Bruce’s stake, now 347,788 shares, is 0.05% of Duke Energy’s outstanding shares and 7.51% of Bruce’s total assets. Simons is Duke Energy’s leading shareholder among the gurus with a stake of 3,208,267 shares. The stake is 0.47% of Duke Energy’s outstanding shares and 0.5% of Simons’ total assets.
Duke Energy has a P/E of 21.2, a forward P/E of 15.2, a P/B of 1.3 and a P/S of 2.2. GuruFocus gives Duke Energy a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Duke Energy sold for $74.03 per share Friday.
Bruce hiked his stake in Xcel Energy Inc. (XEL, Financial), a Minneapolis-based electricity and natural gas company, by nearly 96%. Bruce purchased 235,489 shares for an average price of $35.71 per share. The deal had a 2.56% impact on Bruce’s portfolio.
Bruce’s stake, now 481,600 shares, is 0.09% of Xcel Energy’s outstanding shares and 5.23% of Bruce’s total assets. T Rowe Price Equity Income Fund (Trades, Portfolio) is Xcel Energy’s leading shareholder among the gurus with a stake of 6,712,400 shares. The stake is 1.32% of Xcel Energy’s outstanding shares and 1.09% of T Rowe Price’s total assets.
Xcel Energy has a P/E of 20.5, a forward P/E of 16.9, a P/B of 1.9 and a P/S of 1.8. GuruFocus gives Xcel Energy a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Xcel Energy sold for $39.27 per share Friday.
Bruce increased his stake in CMS Energy Corp. (CMS, Financial), a Jackson, Michigan-based energy company, by more than 64%. Bruce bought 210,300 shares for an average price of $35.65 per share. The acquisition had a 2.3% impact on Bruce’s portfolio.
Bruce’s stake is now 538,300 shares, which is 0.19% of CMS Energy’s outstanding shares and 5.88% of Bruce’s total assets. Bruce is CMS Energy’s leading shareholder among the gurus.
CMS has a P/E of 21.2, a forward P/E of 18.2, a P/B of 2.8 and a P/S of 1.6. GuruFocus gives CMS Energy a Financial Strength rating of 4/10 and a Profitability and Growth rating of 5/10.
CMS Energy sold for $39.5 per share Friday.
Bruce raised his stake in Avista Corp. (AVA, Financial), a Spokane, Washington-based electricity and natural gas company, by 16%. Bruce added 36,000 shares to his portfolio for an average price of $34.29 per share. The transaction had a 0.38% impact on Bruce’s portfolio.
The purchase boosted Bruce’s stake to 261,000 shares, which is 0.42% of Avista’s outstanding shares and 2.79% of Bruce’s total assets. Ken Fisher (Trades, Portfolio) is Avista’s leading shareholder among the gurus with a stake of 750,489 shares. The stake is 1.2% of Avista’s outstanding shares and 0.05% of Fisher’s total assets.
Avista has a P/E of 19.1, a forward P/E of 17.2, a P/B of 1.5 and a P/S of 1.6. GuruFocus gives Avista a Financial Strength rating of 4/10 and a Profitability and Growth rating of 5/10.
Avista sold for $37.55 per share Friday.
Bruce raised his stake in Petroquest Energy Inc. (PTQEP, Financial), a Lafayette, Louisiana-based Gulf Coast oil and gas company, by more than 3%. Bruce bought 6,830 shares for an average price of $16.91 per share. The deal had a 0.03% impact on Bruce’s portfolio.
Bruce’s stake is now 229,830 shares, which is 0.91% of his total assets.
Petroquest Energy has a forward P/E of 31.9 and a P/S of 0.2. GuruFocus gives Petroquest Energy a Financial Strength rating of 2/10 and a Profitability and Growth rating of 4/10.
Petroquest Energy sold for $3 per share Friday.
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