The energy sector is the fourth-most heavily weighted sector in Richard Perry (Trades, Portfolio)’s portfolio so it should be no surprise that energy stocks figured prominently in his third-quarter transactions.
Perry’s most significant third-quarter transaction was his divestiture of his 3,265,400-share stake in Cheniere Energy Inc. (LNG, Financial), a Houston-based natural gas company, for an average price of $61.88 per share. The deal had a -7.15% impact on Perry’s portfolio.
Cheniere Energy has a market cap of $11.72 billion and an enterprise value of $28.72 billion. It has a P/S of 42.1. GuruFocus has given Cheniere Energy a Financial Strength rating of 5/10 and a Profitability and Growth rating of 2/10.
Carl Icahn (Trades, Portfolio), Seth Klarman (Trades, Portfolio), Andreas Halvorsen (Trades, Portfolio), Steve Mandel (Trades, Portfolio), John Griffin (Trades, Portfolio), Larry Robbins (Trades, Portfolio), Julian Robertson (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Murray Stahl (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of Cheniere Energy in their portfolios.
On Wednesday Cheniere Energy sold for $49.3 per share.
Perry also sold his 3,958,400-share stake in Office Depot Inc. (ODP, Financial), a Boca Raton, Fla.-based office supply retailer, for an average price of $7.79 per share. The transaction had a -1.08% impact on Perry’s portfolio.
Office Depot has a market cap of $3.81 billion and an enterprise value of $4.37 billion. It has a forward P/E of 11.3, a P/B of 2.4 and a P/S of 0.3. GuruFocus has given Office Depot a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.
Jeremy Grantham (Trades, Portfolio), Eric Mindich (Trades, Portfolio), Paul Singer (Trades, Portfolio), HOTCHKIS & WILEY, Jim Simons (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), George Soros (Trades, Portfolio), Arnold Schneider (Trades, Portfolio), Richard Snow (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and Joel Greenblatt (Trades, Portfolio) have shares of Office Depot in their portfolios.
Office Depot sold for $6.91 per share Wednesday.
Perry purchased two new stakes in the third quarter – AerCap Holdings NV (AER, Financial) and Energy Transfer Equity LP (ETE, Financial).
Perry bought 2,425,223 shares of AerCap Holdings, an Amsterdam-based aircraft leasing company, for an average price of $44.2 per share. The deal had a 3.66% impact on Perry’s portfolio.
AerCap Holdings has a market cap of $8.66 billion and an enterprise value of $37.66 billion. It has a P/E of 7.6, a forward P/E of 7.3, a P/B of 1.1 and a P/S of 1.7. GuruFocus has given AerCap Holdings a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Donald Smith (Trades, Portfolio), David Einhorn (Trades, Portfolio), Leon Cooperman (Trades, Portfolio), Lee Ainslie (Trades, Portfolio), Eric Mindich (Trades, Portfolio), Seth Klarman (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) have shares of AerCap Holdings in their portfolios.
On Wednesday AerCap Holdings sold for $43.72 per share.
Perry acquired 3,960,411 shares of Energy Transfer Equity, a Dallas-based natural gas storage and transportation company, for an average price of $28.23 per share. The transaction had a 3.25% impact on Perry’s portfolio.
Energy Transfer Equity has a market cap of $19.8 billion and an enterprise value of $78.98 billion. It has a P/E of 24.2, a forward P/E of 8.9 and a P/S of 0.5. GuruFocus has given Energy Transfer Equity a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.
Perry is Energy Transfer Equity’s leading shareholder among the gurus. Jim Simons (Trades, Portfolio), John Burbank (Trades, Portfolio), Andreas Halvorsen (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Ron Baron (Trades, Portfolio), John Keeley (Trades, Portfolio) and Ronald Muhenkamp have shares in Energy Transfer Equity in their portfolios.
Energy Transfer Equity sold for $18.96 per share Wednesday.
Perry reduced his stake in Williams Companies Inc. (WMB, Financial), a Tulsa-based natural gas company, by nearly 13%, selling 1,195,000 shares for an average price of $49.8 per share. The deal had a -2.17% impact on Perry’s portfolio.
Williams Companies has a market cap of $27.26 billion and an enterprise value of $61.72 billion. It has a P/E of 81.4, a forward P/E of 25.6, a P/B of 3.7 and a P/S of 3.6. GuruFocus has given Williams Companies a Financial Strength rating of 4/10 and a Profitability and Growth rating of 6/10.
Steve Mandel (Trades, Portfolio), Eric Mindich (Trades, Portfolio), John Griffin (Trades, Portfolio), Murray Stahl (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Paul Singer (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and RS Investment Management (Trades, Portfolio) have shares of Williams Companies in their portfolios.
Williams Companies sold for $70.30 per share Wednesday.
Perry raised his stake in Perrigo Co. PLC (PRGO, Financial), a pharmaceutical company with offices in Dublin and Allegan, Mich., by more than 93%. Perry bought 314,000 shares for an average price of $183.44 per share. The transaction had a 1.95% impact on his portfolio.
Perrigo has a market cap of $22.03 billion and an enterprise value of $26.89 billion. It has a P/E of 151.3, a forward P/E of 16.2, a P/B of 2.1 and a P/S of 4.3. GuruFocus has given Perrigo a Financial Strength rating of 4/10 and a Profitability and Growth rating of 6/10.
Vanguard Health Care Fund (Trades, Portfolio), Eric Mindich (Trades, Portfolio), John Paulson (Trades, Portfolio), Ruane Cunniff (Trades, Portfolio), David Rolfe (Trades, Portfolio), Meridian Funds (Trades, Portfolio), Paul Singer (Trades, Portfolio), Jim Simons (Trades, Portfolio), Ken Fisher (Trades, Portfolio), George Soros (Trades, Portfolio), John Keeley (Trades, Portfolio), Robert Bruce (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) have shares of Perrigo in their portfolios.
On Wednesday Perrigo sold for $150.63 per share.
Perry increased his position in Time Warner Inc. (TWX, Financial), a New York-based mass media company, by more than 53%. Perry purchased 663,479 shares for an average price of $78.55 per share. The deal had a 1.8% impact on Perry’s portfolio.
Time Warner has a market cap of $56.2 billion and an enterprise value of $77.36 billion. It has a P/E of 15.9, a forward P/E of 13.2, a P/B of 2.4 and a P/S of 2.1. GuruFocus has given Time Warner a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Dodge & Cox, Manning & Napier Advisors Inc., Jana Partners (Trades, Portfolio), David Einhorn (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), T Rowe Price Equity Income Fund (Trades, Portfolio), Leon Cooperman (Trades, Portfolio), Jim Simons (Trades, Portfolio), NWQ Managers (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), MS Global Franchise Fund (Trades, Portfolio), Westport Asset Management (Trades, Portfolio), First Pacific Advisors (Trades, Portfolio), Scott Black (Trades, Portfolio), Murray Stahl (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), RS Investment Management (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), Lee Ainslie (Trades, Portfolio), Jeff Auxier (Trades, Portfolio), First Eagle Investment (Trades, Portfolio), Ken Fisher (Trades, Portfolio) and Ruane Cunniff (Trades, Portfolio) have shares of Time Warner in their portfolios.
Time Warner sold for $70.3 per share Wednesday.
Perry raised his stake in Zoetis Inc. (ZTS, Financial), a Florham Park, N.J.-based pharmaceutical company, by just over 50%. Perry bought 1,000,200 shares for an average price of $46.41 per share. The transaction had a 1.62% impact on Perry’s portfolio.
Zoetis has a market cap of $23.39 billion and an enterprise value of $26.45 billion. It has a P/E of 52.8, a forward P/E of 24.0, a P/B of 19.0 and a P/S of 4.9. GuruFocus has given Zoetis a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Bill Ackman (Trades, Portfolio), Vanguard Health Care Fund (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Jana Partners (Trades, Portfolio), George Soros (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Jim Simons (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Ruane Cunniff (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), John Keeley (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of Zoetis in their portfolios.
On Wednesday Zoetis sold for $46.97 per share.
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