Billionaires Betting on the Power of These Three Utilities Stocks

Billionaire investors for NextEra Energy Inc (NYSE:NEE) increased to 9 with a total stake of $1.05 billion at the end of March, from 7 billionaires with $1 billion invested at the end of 2014. Israel Englander‘s Millennium Management increased its exposure to NextEra Energy Inc (NYSE:NEE) by 45% during the first quarter to nearly 4.38 million shares valued at $455.64 million.

Williams Companies Inc (NYSE:WMB) had the support of 8 billionaires, who had $1.29 billion invested in the company by the end of the first quarter of the year, as compared to the same total of 8 billionaires at the end of 2014, though they had much less capital invested at that time: $978.17 million. Stephen Mandel initiated a position in Williams Companies Inc (NYSE:WMB) for his fund Lone Pine Capital during the first quarter to the tune of 12.02 million shares valued at $607.85 million. Williams Companies Inc (NYSE:WMB)’s stock has risen by about 16.36% so far this year. The merger between Williams Partners L.P. (NYSE:WPZ), Williams Companies’ MLP subsidiary, and Access Midstream Partners was completed during the first quarter. Williams Companies Inc (NYSE:WMB) delivered a 14.3% earnings surprise in its first quarter financial results as its EPS of $0.16 beat estimates by $0.02.

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