NEW YORK, March 11, 2016 /PRNewswire/ -- S&P 500 constituents Danaher Corp. (NYSE:DHR), Duke Energy Corp. (NYSE:DUK) and NextEra Energy Inc. (NYSE:NEE) will replace S&P 500 constituents Devon Energy Corp. (NYSE:DVN), Anadarko Petroleum Corp. (NYSE:APC) and Norfolk Southern Corp. (NYSE:NSC) in the S&P 100 after the close of trading on Friday, March 18. All companies being removed from the S&P 100 will remain in the S&P 500. All companies being added to the S&P 100 are more representative of the U.S. mega-cap equity space.
Danaher, headquartered in Washington, DC, designs, manufactures, and markets professional, medical, industrial, and commercial products and services.
Duke Energy, headquartered in Charlotte, NC, operates as an energy company.
NextEra Energy, headquartered in Juno Beach, FL, generates, transmits, and distributes electric energy.
Following is a summary of the changes:
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S&P 100 INDEX – March 18, 2016
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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Danaher
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Industrials
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Industrial Conglomerates
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Duke Energy
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Utilities
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Electric Utilities
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NextEra Energy
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Utilities
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Electric Utilities
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DELETED
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Devon Energy
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Energy
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Oil & Gas Exploration & Production
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Anadarko Petroleum
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Energy
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Oil & Gas Exploration & Production
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Norfolk Southern
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Industrials
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Railroads
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Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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SOURCE S&P Dow Jones Indices