Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here is What Hedge Funds Think About TECO Energy, Inc. (TE)

Page 1 of 2

Is TECO Energy, Inc. (NYSE:TE) a healthy stock for your portfolio? Investors who are in the know are in a bearish mood. The number of long hedge fund positions stayed the same which is a slightly negative development in our experience

At the moment, there are tons of indicators shareholders can use to watch the equity markets. A duo of the most innovative are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top hedge fund managers can outclass their index-focused peers by a very impressive margin (see just how much).

TECO Energy

Just as integral, optimistic insider trading sentiment is another way to break down the stock market universe. Obviously, there are lots of reasons for an upper level exec to cut shares of his or her company, but only one, very clear reason why they would buy. Several academic studies have demonstrated the market-beating potential of this tactic if you know what to do (learn more here).

Keeping this in mind, it’s important to take a glance at the key action encompassing TECO Energy, Inc. (NYSE:TE).

What have hedge funds been doing with TECO Energy, Inc. (NYSE:TE)?

In preparation for this quarter, a total of 10 of the hedge funds we track were long in this stock, a change of 0% from the first quarter. With the smart money’s sentiment swirling, there exists a select group of key hedge fund managers who were increasing their stakes considerably.

Of the funds we track, Dreman Value Management, managed by David Dreman, holds the largest position in TECO Energy, Inc. (NYSE:TE). Dreman Value Management has a $23.3 million position in the stock, comprising 0.6% of its 13F portfolio. On Dreman Value Management’s heels is David Harding of Winton Capital Management, with a $12.3 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Israel Englander’s Millennium Management, Ken Griffin’s Citadel Investment Group and Joel Greenblatt’s Gotham Asset Management.

Since TECO Energy, Inc. (NYSE:TE) has witnessed a declination in interest from hedge fund managers, we can see that there exists a select few fund managers who sold off their positions entirely in Q1. Interestingly, Mike Vranos’s Ellington sold off the biggest investment of all the hedgies we monitor, valued at an estimated $0.7 million in stock., and Paul Tudor Jones of Tudor Investment Corp was right behind this move, as the fund said goodbye to about $0.3 million worth. These moves are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

What have insiders been doing with TECO Energy, Inc. (NYSE:TE)?

Insider purchases made by high-level executives is most useful when the company in question has seen transactions within the past half-year. Over the last six-month time period, TECO Energy, Inc. (NYSE:TE) has experienced zero unique insiders buying, and 7 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to TECO Energy, Inc. (NYSE:TE). These stocks are Pepco Holdings, Inc. (NYSE:POM), ITC Holdings Corp. (NYSE:ITC), Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR), Companhia Paranaense de Energia (ADR) (NYSE:ELP), and Great Plains Energy Incorporated (NYSE:GXP). This group of stocks are in the electric utilities industry and their market caps are similar to TE’s market cap.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!