Magellan Expands Utility Stock Holdings Across Firms
Magellan Asset Management Ltd raised its stakes in multiple utilities and infrastructure stocks during the first quarter, including an 18.6% increase in American Electric Power, 23.3% in CenterPoint Energy, 59.5% in Crown Castle, 30.9% in Atmos Energy, and 29.9% in Avista. Other major investors also adjusted their positions across these names, signaling ongoing activity in utility-sector holdings.
