Many same investors in Sabal Trail and Dakota Access Pipeline

DAPL and Sabal Trail are more intertwined than we thought. But first, who are the institutional investors in the three Sabal Trail partners? Three Banks NASDAQ makes this easy to discover, and the answer is in the first table below: among banks State Street and Bank of America stand out.

Let’s not forget Williams Company, of the Transco Hillabee Expansion Project from which Sabal Trail wants to get its fracked methane; see the second table, which State Street clearly wins, and there’s Goldman Sachs.

We learned this week that Enbridge of the Dakota Access Pipeline (DAPL) opposed by the Standing Rock Sioux in North Dakota: that Enbridge is buying Spectra Energy of Sabal Trail.

But there’s more! Last year Williams was bought by Energy Transfer Equity, which is the main backer of DAPL.

Update 2016-09-26: Actually, Energy Transfer backed out of buying Williams Co..

See the third table, which shows banks bought into at least five of the partner entities: Bank of America and Morgan Stanley.

Opponents of Sabal Trail are not just fighting the same industry as DAPL: they’re fighting many of the same companies and the same investors.

Investors in Sabal Trail partners (Spectra Energy, NextEra Energy, Duke Energy)

NumberInvestee(s)Investor
3 SE NEE DUK VANGUARD GROUP INC
3 SE NEE DUK STATE STREET CORP
3 SE NEE DUK BANK OF AMERICA CORP /DE/*
3 SE NEE DUK BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.
3 SE NEE DUK NORTHERN TRUST CORP
3 SE NEE DUK BLACKROCK FUND ADVISORS
3 SE NEE DUK WELLINGTON MANAGEMENT GROUP LLP
3 SE NEP DUK BANK OF NEW YORK MELLON CORP
2 SE DUK CAPITAL WORLD INVESTORS
2 SE DUK CAPITAL RESEARCH GLOBAL INVESTORS
2 SE NEE BLACKROCK GROUP LTD
2 SE NEE WELLS FARGO & COMPANY/MN*
2 SE SEP TORTOISE CAPITAL ADVISORS, L.L.C.
2 SEP NEP ENERGY INCOME PARTNERS, LLC
2 SEP NEP NEUBERGER BERMAN GROUP LLC
2 SEP NEE DEUTSCHE BANK AG\*
2 SEP NEE MORGAN STANLEY*
2 NEE NEP FMR LLC
2 NEP DUK MASSACHUSETTS FINANCIAL SERVICES CO /MA/
1 SE PRICE T ROWE ASSOCIATES INC /MD/
1 SE CLEARBRIDGE INVESTMENTS, LLC
1 SEP ALPS ADVISORS INC
1 SEP CENTER COAST CAPITAL ADVISORS, LP
1 SEP AMERICAN CENTURY COMPANIES INC
1 SEP KAYNE ANDERSON CAPITAL ADVISORS LP
1 SEP EAGLE GLOBAL ADVISORS LLC
1 SEP OPPENHEIMERFUNDS, INC.
1 SEP MILLER HOWARD INVESTMENTS INC /NY
1 SEP HAMLIN CAPITAL MANAGEMENT, LLC
1 SEP ALLIANZ ASSET MANAGEMENT AG
1 SEP UBS GROUP AG*
1 NEE JPMORGAN CHASE & CO*
1 NEE NORGES BANK
1 NEE CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
1 NEP COHEN & STEERS INC
1 NEP JENNISON ASSOCIATES LLC
1 NEP RIDGEWORTH CAPITAL MANAGEMENT LLC
1 NEP BLACKROCK ADVISORS LLC
1 NEP ZIMMER PARTNERS, LP
1 NEP BEACH INVESTMENT COUNSEL INC/PA
1 NEP PASSPORT CAPITAL, LLC
1 NEP ECOFIN LTD
1 NEP STEADFAST CAPITAL MANAGEMENT LP
1 NEP EVENTIDE ASSET MANAGEMENT, LLC
1 DUK FRANKLIN RESOURCES INC
1 DUK FEDERATED INVESTORS INC /PA/
1 DUK INVESCO LTD.
1 DUK GEODE CAPITAL MANAGEMENT, LLC

SE Spectra Energy Corp Ownership Summary
http://www.nasdaq.com/symbol/se/institutional-holdings

SEP Spectra Energy Partners, LP Ownership Summary
http://www.nasdaq.com/symbol/sep/institutional-holdings

NEE NextEra Energy, Inc. Ownership Summary
http://www.nasdaq.com/symbol/nee/institutional-holdings

NEP NextEra Energy Partners, LP Ownership Summary
http://www.nasdaq.com/symbol/nep/institutional-holdings

DUK Duke Energy Corporation Institutional Ownership
http://www.nasdaq.com/symbol/duk/institutional-holdings

* Also among the investors in the Dakota Access pipeline (DAPL) found by LittleSis, including Energy Transfer (ETE and ETP).
LitleSis does include Enbridge as one of the DAPL investors, since Enbridge has bought into DAPL, but apparently LittleSis did not research investors into Enbridge.

Investors in Southeast Markets Pipeline Project (SMPP) including Williams Company

That’s the Southeast Market Pipelines Project, which is three pipelines in a chain:

  • Williams Company’s Transco Hillabee Expansion Project in Alabama
  • Spectra, NextEra, and Duke’s Sabal Trail from Alabama through Georgia and Florida to Orlando
  • FPL’s Florida Southeast Connection from south of Orlando to Lake Okeechobee
NumberInvestee(s)Investor
4 SE NEE DUK WMB VANGUARD GROUP INC
4 SE NEE DUK WMB STATE STREET CORP
4 SE NEE DUK WMB BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.
4 SE NEE DUK WMB BLACKROCK FUND ADVISORS
3 SE NEE DUK BANK OF AMERICA CORP /DE/*
3 SE NEE DUK NORTHERN TRUST CORP
3 SE NEE DUK WELLINGTON MANAGEMENT GROUP LLP
3 SE NEP DUK BANK OF NEW YORK MELLON CORP
3 SE NEE WMB BLACKROCK GROUP LTD
3 SE SEP WMB TORTOISE CAPITAL ADVISORS, L.L.C.
3 SEP NEE WMB MORGAN STANLEY*
3 NEE NEP WMB FMR LLC
2 SE DUK CAPITAL WORLD INVESTORS
2 SE DUK CAPITAL RESEARCH GLOBAL INVESTORS
2 SE NEE WELLS FARGO & COMPANY/MN*
2 SEP NEP ENERGY INCOME PARTNERS, LLC
2 SEP NEP NEUBERGER BERMAN GROUP LLC
2 SEP NEE DEUTSCHE BANK AG\*
2 NEP DUK MASSACHUSETTS FINANCIAL SERVICES CO /MA/
2 NEP WMB STEADFAST CAPITAL MANAGEMENT LP
1 SE PRICE T ROWE ASSOCIATES INC /MD/
1 SE CLEARBRIDGE INVESTMENTS, LLC
1 SEP ALPS ADVISORS INC
1 SEP CENTER COAST CAPITAL ADVISORS, LP
1 SEP AMERICAN CENTURY COMPANIES INC
1 SEP KAYNE ANDERSON CAPITAL ADVISORS LP
1 SEP EAGLE GLOBAL ADVISORS LLC
1 SEP OPPENHEIMERFUNDS, INC.
1 SEP MILLER HOWARD INVESTMENTS INC /NY
1 SEP HAMLIN CAPITAL MANAGEMENT, LLC
1 SEP ALLIANZ ASSET MANAGEMENT AG
1 SEP UBS GROUP AG*
1 NEE JPMORGAN CHASE & CO*
1 NEE NORGES BANK
1 NEE CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
1 NEP COHEN & STEERS INC
1 NEP JENNISON ASSOCIATES LLC
1 NEP RIDGEWORTH CAPITAL MANAGEMENT LLC
1 NEP BLACKROCK ADVISORS LLC
1 NEP ZIMMER PARTNERS, LP
1 NEP BEACH INVESTMENT COUNSEL INC/PA
1 NEP PASSPORT CAPITAL, LLC
1 NEP ECOFIN LTD
1 NEP EVENTIDE ASSET MANAGEMENT, LLC
1 DUK FRANKLIN RESOURCES INC
1 DUK FEDERATED INVESTORS INC /PA/
1 DUK INVESCO LTD.
1 DUK GEODE CAPITAL MANAGEMENT, LLC
1 WMB CORVEX MANAGEMENT LP
1 WMB SOROBAN CAPITAL PARTNERS LP
1 WMB HIGHFIELDS CAPITAL MANAGEMENT LP
1 WMB CREDIT SUISSE AG/*
1 WMB SALIENT CAPITAL ADVISORS, LLC
1 WMB GOLDMAN SACHS GROUP INC*

SE Spectra Energy Corp Ownership Summary
http://www.nasdaq.com/symbol/se/institutional-holdings

SEP Spectra Energy Partners, LP Ownership Summary
http://www.nasdaq.com/symbol/sep/institutional-holdings

NEE NextEra Energy, Inc. Ownership Summary
http://www.nasdaq.com/symbol/nee/institutional-holdings

NEP NextEra Energy Partners, LP Ownership Summary
http://www.nasdaq.com/symbol/nep/institutional-holdings

DUK Duke Energy Corporation Institutional Ownership
http://www.nasdaq.com/symbol/duk/institutional-holdings

WMB Williams Companies, Inc. (The) Institutional Ownership
http://www.nasdaq.com/symbol/wmb/institutional-holdings

* Also among the investors in the Dakota Access pipeline (DAPL) found by LittleSis, including Energy Transfer (ETE and ETP).
LitleSis does include Enbridge as one of the DAPL investors, since Enbridge has bought into DAPL, but apparently LittleSis did not research investors into Enbridge.

Investors in SMPP partners and their owners

NumberInvestee(s)Investor
5 SE NEE DUK WMB ENB VANGUARD GROUP INC
5 SE NEE DUK ETE ETP BANK OF AMERICA CORP /DE/*
5 SE SEP WMB ETE ETP TORTOISE CAPITAL ADVISORS, L.L.C.
5 SEP NEE WMB ETE ETP MORGAN STANLEY*
5 NEE NEP WMB ENB ETE FMR LLC
4 SE NEE DUK WMB STATE STREET CORP
4 SE NEE DUK WMB BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.
4 SE NEE DUK WMB BLACKROCK FUND ADVISORS
4 SEP NEP ETE ETP NEUBERGER BERMAN GROUP LLC
3 SE DUK ENB CAPITAL WORLD INVESTORS
3 SE DUK ENB CAPITAL RESEARCH GLOBAL INVESTORS
3 SE NEE DUK NORTHERN TRUST CORP
3 SE NEE DUK WELLINGTON MANAGEMENT GROUP LLP
3 SE NEP DUK BANK OF NEW YORK MELLON CORP
3 SE NEE WMB BLACKROCK GROUP LTD
3 SEP ETE ETP OPPENHEIMERFUNDS, INC.
3 SEP NEE ENB DEUTSCHE BANK AG\*
3 WMB ETE ETP GOLDMAN SACHS GROUP INC*
3 ENB ETE ETP BANK OF MONTREAL /CAN/
2 SE ETP CLEARBRIDGE INVESTMENTS, LLC
2 SE NEE WELLS FARGO & COMPANY/MN*
2 SEP NEP ENERGY INCOME PARTNERS, LLC
2 SEP ETP ALPS ADVISORS INC
2 SEP ETP KAYNE ANDERSON CAPITAL ADVISORS LP
2 SEP ETE UBS GROUP AG*
2 NEE ETP JPMORGAN CHASE & CO*
2 NEE ENB CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
2 NEP DUK MASSACHUSETTS FINANCIAL SERVICES CO /MA/
2 NEP WMB STEADFAST CAPITAL MANAGEMENT LP
2 WMB ETE SALIENT CAPITAL ADVISORS, LLC
2 ETE ETP HARVEST FUND ADVISORS LLC
2 ETE ETP ATLANTIC TRUST GROUP, LLC
2 ETE ETP ING GROEP NV*
1 SE PRICE T ROWE ASSOCIATES INC /MD/
1 SEP CENTER COAST CAPITAL ADVISORS, LP
1 SEP AMERICAN CENTURY COMPANIES INC
1 SEP EAGLE GLOBAL ADVISORS LLC
1 SEP MILLER HOWARD INVESTMENTS INC /NY
1 SEP HAMLIN CAPITAL MANAGEMENT, LLC
1 SEP ALLIANZ ASSET MANAGEMENT AG
1 NEE NORGES BANK
1 NEP COHEN & STEERS INC
1 NEP JENNISON ASSOCIATES LLC
1 NEP RIDGEWORTH CAPITAL MANAGEMENT LLC
1 NEP BLACKROCK ADVISORS LLC
1 NEP ZIMMER PARTNERS, LP
1 NEP BEACH INVESTMENT COUNSEL INC/PA
1 NEP PASSPORT CAPITAL, LLC
1 NEP ECOFIN LTD
1 NEP EVENTIDE ASSET MANAGEMENT, LLC
1 DUK FRANKLIN RESOURCES INC
1 DUK FEDERATED INVESTORS INC /PA/
1 DUK INVESCO LTD.
1 DUK GEODE CAPITAL MANAGEMENT, LLC
1 WMB CORVEX MANAGEMENT LP
1 WMB SOROBAN CAPITAL PARTNERS LP
1 WMB HIGHFIELDS CAPITAL MANAGEMENT LP
1 WMB CREDIT SUISSE AG/*
1 ENB ROYAL BANK OF CANADA*
1 ENB TD ASSET MANAGEMENT INC
1 ENB CAPITAL INTERNATIONAL INVESTORS
1 ENB JARISLOWSKY, FRASER LTD
1 ENB CIBC WORLD MARKETS INC.
1 ENB BANK OF NOVA SCOTIA*
1 ENB I.G. INVESTMENT MANAGEMENT, LTD.
1 ENB TORONTO DOMINION BANK
1 ETE CHICKASAW CAPITAL MANAGEMENT LLC
1 ETE CITIGROUP INC*
1 ETP APPALOOSA LP

SE Spectra Energy Corp Ownership Summary
http://www.nasdaq.com/symbol/se/institutional-holdings

SEP Spectra Energy Partners, LP Ownership Summary
http://www.nasdaq.com/symbol/sep/institutional-holdings

NEE NextEra Energy, Inc. Ownership Summary
http://www.nasdaq.com/symbol/nee/institutional-holdings

NEP NextEra Energy Partners, LP Ownership Summary
http://www.nasdaq.com/symbol/nep/institutional-holdings

DUK Duke Energy Corporation Institutional Ownership
http://www.nasdaq.com/symbol/duk/institutional-holdings

WMB Williams Companies, Inc. (The) Institutional Ownership
http://www.nasdaq.com/symbol/wmb/institutional-holdings

ENB Enbridge Inc Institutional Ownership
http://www.nasdaq.com/symbol/enb/institutional-holdings

ETE Energy Transfer Equity, L.P. Institutional Ownership
http://www.nasdaq.com/symbol/ete/institutional-holdings

ETP ENERGY TRANSFER PARTNERS Institutional Ownership
http://www.nasdaq.com/symbol/etp/institutional-holdings

* Also among the investors in the Dakota Access pipeline (DAPL) found by LittleSis, including Energy Transfer (ETE and ETP).
LitleSis does include Enbridge as one of the DAPL investors, since Enbridge has bought into DAPL, but apparently LittleSis did not research investors into Enbridge.

Notes

Three Banks

These tables were compiled using only the top fifteen institutional owners of each investee. Probably there would be even more commonality if more investors in each were compared. These comparisons also do not take into account numbers of shares owned, nor dollar values, nor percentages.

This data is institutional owners of common stock. So these tables do not show loans, lines of credit, or other kinds of financial advances, which would be another story. But this ownership is interesting enough.

-jsq

Investigative reporting costs money, for open records requests, copying, web hosting, gasoline, and cameras, and with sufficient funds we can pay students to do further research. You can donate to LAKE today!

1 thought on “Many same investors in Sabal Trail and Dakota Access Pipeline

  1. Pingback: Same owners, DAPL and Sabal Trail | WWALS Watershed Coalition

Comments are closed.