Magellan Expands Utility Holdings Across U.S.
Magellan Asset Management Ltd added new stakes in H2O America, Alliant Energy, WEC Energy Group, Middlesex Water, and California Water Service Group in the second quarter of 2026, signalling a broad expansion of its utilities exposure with sizable investments across these utilities. The moves come alongside other institutional investors adjusting their positions in these companies, underscoring active reevaluations of utility sector holdings by major funds.
Finance · 30 sources · Aug 24, 2026Read itThe journal
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About California Water Service Group
California Water Service Group (CWSG) is an American public utility company providing drinking water and wastewater services. It is the third-largest investor-owned publicly traded water utility in the United States, serving roughly two million people through its subsidiary companies in California, Hawaii, New Mexico and Washington. CWSG was formed in 1997 as a new holding company for California Water Service to expand into other states regulated by their own public utilities commissions, and into other non-regulated businesses.
Everything about California Water Service Group →- Country
- United States
- Headquarters
- San Jose
- Inception
- 1997
- Website
- https://www.calwatergroup.com/