In recent months, much attention has been focused on how ratepayers stand to be affected by Constellation Energy Group?s 72 percent rate increase that begins this summer. But millions of stockholders, mutual fund investors and pension fund recipients also have a major stake in how deregulation ultimately affects Constellation.
While Constellation Energy?s top executives have large holdings in the growing energy company, so do major institutional investors and mutual funds. To get a better idea of who owns Constellation, The Examiner has complied a list of the energy company?s major shareholders.
Constellation Energy?s chairman, president and CEO, Mayo Shattuck III, is the single-largest inside shareholder, with 583,964 shares as of Dec. 22, 2005, according to First Call/Thomson Financial.
Here?s a list of the other top 5 insider shareholders:
» Christian H. Poindexter, Constellation?s former chairman and CEO, owns 429,712 shares, as of Jan. 1, 2003.
» Michael J. Wallace, president, Constellation Energy Generation Group, owns 243,984 shares, as of March 16, 2006.
» Thomas V. Brooks, chairman, Constellation Energy Commodities Group, owns 225,764 shares, as of Feb. 23, 2006.
» Follin E. Smith, executive vice president and CFO of Constellation Energy, owns 168,117 shares, as of Feb. 27, 2006.
The largest institutional investor in Constellation is Barclays Global Investors N.A., which owns 11,527,457, as of Dec. 31, 2005.
The other top five institutional investors include:
» AllianceBernstein L.P., which owns 6,404,990 shares, as of Dec. 31, 2005.
» State Steel Global Advisors, which owns 5,709,991 shares, as of Dec. 31, 2005.
» Vanguard Group Inc.
» Iridian Asset Management LLC.
The mutual fund holding the largest number of shares in Constellation is Vanguard 500 Index Fund with 1,699,842 shares, as of Dec. 31, 2005.
The other top five mutual funds with the largest holdings include:
» CREF Stock Account, which owns 1,332,041 shares, as of Dec. 31, 2005.
» Jennison Utility Fund, which owns 1,289,400 shares, as of Feb. 28, 2006.
» MFS Utilities Fund, which owns 1,264,000 shares, as of Feb. 28, 2006.
» Van Kampen Cornstock Fund, which owns 1,168,722, as of Dec. 31, 2005.
Source: First Call/Thomson Financial
