Robert Bruce Adds to Energy Holdings in 4th Quarter

Guru boosts stakes in NextEra, Duke Energy and Xcel Energy

Author's Avatar
Feb 29, 2016
Article's Main Image

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.

02May2017175049.png

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.

02May2017175050.png

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.

02May2017175050.png

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.

02May2017175050.png

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.

02May2017175051.png

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.

02May2017175051.png

Petroquest Energy sold for $3 per share Friday.

To view the portfolios of more gurus, visit the List of Gurus page. Not a premium member of GuruFocus? Try it free for 7 days.