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 it
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About Magellan Navigation
Magellan Navigation, Inc. is an American producer of consumer and professional grade Global Positioning System receivers, named after Ferdinand Magellan, the first explorer to circumnavigate the globe. Headquartered in San Dimas, California, with European sales and engineering centres in Nantes, France and Moscow, Russia, Magellan also produces aftermarket automotive GPS units, including the Hertz Neverlost system found in Hertz rental cars. The Maestro, RoadMate, Triton, and eXplorist lines are Magellan's current consumer offerings. The company also produces proprietary road maps (DirectRoute), topographic maps (Topo), and marine charts (BlueNav) for use with its consumer GPS receivers.
Everything about Magellan Navigation →- Country
- United States
- Headquarters
- San Dimas
- Inception
- 1986
- Website
- http://www.magellangps.com