Alberta Investment Management Corp has increased its stake in Fortis Inc. (NYSE:FTS) by 13.1% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC) [db043977]. The institutional investor now owns 615,028 shares of Fortis' stock, acquiring an additional 71,055 shares during the period. Other hedge funds have also made modifications to their holdings of the stock. Quadrature Capital Ltd grew its holdings by 5,208.4% in the third quarter, now owning 440,600 shares of Fortis' stock valued at $16,848,000. United Services Automobile Association lifted its stake in Fortis by 22.3% in the third quarter, now owning 14,989 shares valued at $569,000. Gotham Asset Management LLC increased its stake in Fortis by 211.3% in the third quarter, now owning 19,808 shares valued at $753,000. Bank of Nova Scotia Trust Co. lifted its stake in Fortis by 1.2% in the third quarter, now owning 381,747 shares valued at $14,503,000. Finally, Toronto Dominion Bank increased its stake in Fortis by 11.4% in the third quarter, now owning 12,664,645 shares valued at $481,130,000. Institutional investors now own 50.18% of the company's stock [db043977].
Fortis Inc. is an electric and gas utility company operating in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 443,000 retail customers in southeastern Arizona and 102,000 retail customers in Arizona's Mohave and Santa Cruz counties. Fortis has an aggregate capacity of 3,328 megawatts (MW), including 68 MW of solar capacity and 250 MW of wind capacity [db043977].
On the other hand, American Trust Investment Advisors LLC trimmed its stake in shares of Fluor Co. (NYSE:FLR) by 14.5% during the 4th quarter, according to the company's most recent 13F filing with the Securities and Exchange Commission (SEC) [68134802]. The fund owned 192,694 shares of the construction company's stock after selling 32,641 shares during the quarter. Fluor makes up 3.9% of American Trust Investment Advisors LLC's investment portfolio, making the stock its 3rd largest position. American Trust Investment Advisors LLC owned approximately 0.11% of Fluor worth $7,548,000 as of its most recent filing with the SEC. Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in Fluor by 202.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 58,220 shares of the construction company's stock worth $1,670,000 after buying an additional 38,945 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Fluor by 4.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,343 shares of the construction company's stock worth $268,000 after buying an additional 414 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Fluor by 12.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,178 shares of the construction company's stock worth $1,841,000 after buying an additional 7,274 shares during the period. BlackRock Inc. lifted its holdings in Fluor by 3.5% in the 1st quarter. BlackRock Inc. now owns 16,937,750 shares of the construction company's stock worth $485,943,000 after buying an additional 571,316 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in Fluor by 10.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 88,356 shares of the construction company's stock worth $2,616,000 after buying an additional 8,088 shares during the period. 88.07% of the stock is currently owned by institutional investors [68134802].
Fluor Co. is a construction company listed on the New York Stock Exchange (NYSE:FLR) [68134802].
Quarry LP acquired 150,000 shares of Fortune Rise Acquisition Co. (NASDAQ:FRLA) during the 4th quarter, valued at approximately $1,646,000. Quarry LP owned approximately 2.39% of Fortune Rise Acquisition at the end of the most recent quarter. Several other hedge funds and institutional investors have also bought and sold shares of the stock. Fortune Rise Acquisition Co. does not have significant operations and intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Clearwater, Florida.