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.
Finance · 18 sources · Jul 22, 2026Read itThe journal
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About Avista
Avista Corporation is an American energy company which generates and transmits electricity and distributes natural gas to residential, commercial, and industrial customers. Approximately 1,550 employees provide electricity, natural gas, and other energy services to 422,000 electric and 383,000 natural gas customers in three western states. The service territory covers 30,000 square miles (78,000 km2) in eastern Washington, northern Idaho, and parts of southern and eastern Oregon, with a population of 1.5 million.
Everything about Avista →- Country
- United States
- Headquarters
- Spokane
- Inception
- 1889
- Website
- https://www.myavista.com