by Ryan Sharrow Staff
Baltimore Business Journal
Billionaire investor Warren E. Buffett has trimmed his stake in Constellation Energy Group Inc., according to a filing with the Securities and Exchange Commission Thursday.
The filing shows that Buffett’s Iowa-based MidAmerican Energy Holdings Co. owns a 6.26 percent of the Baltimore energy giant. That’s down from a 7.25 percent stake listed in a February filing.
It’s not the first time in the past several months Buffett cut his stake.
MidAmerican, a subsidiary of Buffett’s Berkshire Hathaway (NYSE: BRK.A, BRK.B), acquired a 10 percent stake in Constellation in December following Constellation’s move to terminate MidAmerican’s $4.7 billion deal to buy the company.
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