Billionaire Izzy Englander Betting On A Surge In These Utilities Stocks

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Let’s move on to PPL Corporation (NYSE:PPL), which is another utility company that delivers electricity and natural gas in the United States, as well as the United Kingdom. Millennium Management disclosed a stake of 10.89 million shares of the company in its latest 13F filing, marking an increase of 9.81 million shares from the prior quarter. The company recently revealed that almost 200,000 power outages were prevented during the first half of the year. PPL Corporation has been installing smart grid technology and using stronger poles and wires in order to achieve this success. PPL has been able to keep its delivery system reliable, but there is more potential for improvement the company says. PPL Corporation, which is already among the best utilities in the U.S. in terms of customer service and reliability, is planning to improve its reliability by at least 20% over the next five years. However, the shares of PPL haven’t generated any gains for its long-term investors this year, declining by slightly over 9% year-to-date. John Smith Clark’s Southpoint Capital Advisors is among the top shareholders of PPL Corporation (NYSE:PPL), owning 4.3 million shares.

Millennium Management added 133,720 shares to its position Ameren Corporation (NYSE:AEE), ending the quarter with 7.00 million shares valued at $263.81 million. The company’s recent financial performance has shown visible improvement, thanks to its increased investments in electric transmission and delivery infrastructure. Nevertheless, Ameren generates almost 76% of its electricity from coal-fired facilities, which are one of the biggest sources of carbon 8=emissions. Considering the recently revealed Clean Power Plan, as mentioned above, which states that carbon pollution has to be reduced by at least 28% by 2015 and 32% by 2030, from 2005 levels, Ameren will have to invest massively in order to achieve these milestones. In the meantime, the company has also failed to deliver good performance this year, with its shares dropping by nearly 8% year-to-date. Jonathan Barrett and Paul Segal’s Luminus Management is the second-largest equity holder of Ameren Corporation (NYSE:AEE) among the hedge funds we track, tailing only Millennium Management.

Disclosure: None

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