{"id":5972,"date":"2007-04-24T00:00:00","date_gmt":"2007-04-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"utility-stocks-captivating-hedge-funds-incite-industry-bears","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/04\/2007\/utility-stocks-captivating-hedge-funds-incite-industry-bears.html","title":{"rendered":"Utility Stocks Captivating Hedge Funds Incite Industry Bears"},"content":{"rendered":"<p>  Power producers, the best-performing stocks over the past 12 months, last week led the Standard &amp; Poor&#8217;s 500 Index to its highest since September 2000. Purchases by hedge funds such as Caxton  Associates LLC and SAC Capital Advisors LLC, combined with $173.4 billion in utility takeovers this year, helped fuel the rally.<\/p>\n<p>  The record pace of mergers and acquisitions is obscuring a drop in dividend yields on shares of U.S. gas, electric and water utilities to 2.86 percent, near the lowest ever, according to data  compiled by Bloomberg.<\/p>\n<p>  The average yield for power companies worldwide last month fell below both U.S. and European interest rates for the first time since September 2001. Some investors are taking notice: firms  overseeing about $12.3 trillion were net sellers of utility stocks in April, State Street Corp. says.<\/p>\n<p><strong><br \/><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601103&amp;sid=aTlj2JTj8usI&amp;refer=news\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power producers, the best-performing stocks over the past 12 months, last week led the Standard &amp; Poor&#8217;s 500 Index to its highest since September 2000. Purchases by hedge funds such as Caxton Associates LLC and SAC Capital Advisors LLC, combined [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5972","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5972"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5972\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}