DAPL and Sabal Trail are more intertwined than we thought.
But first, who are the institutional investors in the three Sabal Trail partners?
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)
| Number | Investee(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
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
| Number | Investee(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
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
| Number | Investee(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
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
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
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