Integrys Energy Group, Inc. (NYSE:TEG) investors should be aware of a decrease in support from the world’s most elite money managers recently.
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With all of this in mind, it’s important to take a peek at the latest action regarding Integrys Energy Group, Inc. (NYSE:TEG).
What does the smart money think about Integrys Energy Group, Inc. (NYSE:TEG)?
At Q1’s end, a total of 8 of the hedge funds we track were bullish in this stock, a change of -11% from the first quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were increasing their stakes meaningfully.
Of the funds we track, David Harding’s Winton Capital Management had the biggest position in Integrys Energy Group, Inc. (NYSE:TEG), worth close to $19.8 million, comprising 0.4% of its total 13F portfolio. The second largest stake is held by Adage Capital Management, managed by Phill Gross and Robert Atchinson, which held a $6.5 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Remaining peers with similar optimism include Ken Griffin’s Citadel Investment Group, Cliff Asness’s AQR Capital Management and Matthew Tewksbury’s Stevens Capital Management.
Seeing as Integrys Energy Group, Inc. (NYSE:TEG) has faced declining sentiment from the entirety of the hedge funds we track, we can see that there were a few hedgies that decided to sell off their entire stakes at the end of the first quarter. It’s worth mentioning that Steven Cohen’s SAC Capital Advisors sold off the largest investment of the 450+ funds we key on, comprising close to $0.4 million in stock. These moves are important to note, as aggregate hedge fund interest was cut by 1 funds at the end of the first quarter.
What do corporate executives and insiders think about Integrys Energy Group, Inc. (NYSE:TEG)?
Insider trading activity, especially when it’s bullish, is most useful when the company we’re looking at has experienced transactions within the past half-year. Over the last six-month time frame, Integrys Energy Group, Inc. (NYSE:TEG) has experienced zero unique insiders purchasing, and 10 insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to Integrys Energy Group, Inc. (NYSE:TEG). These stocks are Targa Resources Corp (NYSE:TRGP), Atmos Energy Corporation (NYSE:ATO), AmeriGas Partners, L.P. (NYSE:APU), AGL Resources Inc. (NYSE:GAS), and Questar Corporation (NYSE:STR). This group of stocks belong to the gas utilities industry and their market caps are similar to TEG’s market cap.