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Magellan Expands Utility Holdings Across U.S. — Aug 24, 2026Magellan 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.

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