Should You Buy NV Energy, Inc. (NVE)?

Page 1 of 2

What’s smart NV Energy, Inc. (NYSE:NVE) investor to do?

In the financial world, there are tons of methods market participants can use to watch Mr. Market. Two of the most under-the-radar are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite fund managers can outclass the broader indices by a significant amount (see just how much).

Equally as key, optimistic insider trading sentiment is another way to look at the marketplace. Obviously, there are plenty of stimuli for an insider to sell shares of his or her company, but only one, very simple reason why they would buy. Many academic studies have demonstrated the market-beating potential of this tactic if you understand where to look (learn more here).

Now that that’s out of the way, we’re going to discuss the newest info for NV Energy, Inc. (NYSE:NVE).

NV Energy, Inc. (NYSE:NVE)

Hedge fund activity in NV Energy, Inc. (NYSE:NVE)

At the end of the second quarter, a total of 20 of the hedge funds we track were long in this stock, a change of 33% from one quarter earlier. With hedgies’ capital changing hands, there exists a few key hedge fund managers who were boosting their holdings substantially.

Out of the hedge funds we follow, Alpine Associates, managed by Robert Emil Zoellner, holds the most valuable position in NV Energy, Inc. (NYSE:NVE). Alpine Associates has a $129.3 million position in the stock, comprising 5.2% of its 13F portfolio. On Alpine Associates’s heels is Phill Gross and Robert Atchinson of Adage Capital Management, with a $45.1 million position; 0.1% of its 13F portfolio is allocated to the stock. Other hedge funds that are bullish include Mario Gabelli’s GAMCO Investors, Cliff Asness’s AQR Capital Management and Matt McLennan’s First Eagle Investment Management.

As aggregate interest spiked, certain money managers were breaking ground themselves. Alpine Associates, managed by Robert Emil Zoellner, assembled the biggest position in NV Energy, Inc. (NYSE:NVE). Alpine Associates had 129.3 million invested in the company at the end of the quarter. Phill Gross and Robert Atchinson’s Adage Capital Management also made a $45.1 million investment in the stock during the quarter. The other funds with new positions in the stock are Mario Gabelli’s GAMCO Investors, Cliff Asness’s AQR Capital Management, and Matt McLennan’s First Eagle Investment Management.

How have insiders been trading NV Energy, Inc. (NYSE:NVE)?

Bullish insider trading is most useful when the company we’re looking at has experienced transactions within the past six months. Over the last 180-day time period, NV Energy, Inc. (NYSE:NVE) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to NV Energy, Inc. (NYSE:NVE). These stocks are Ameren Corp (NYSE:AEE), Vectren Corporation (NYSE:VVC), TransAlta Corporation (USA) (NYSE:TAC), Westar Energy Inc (NYSE:WR), and UGI Corp (NYSE:UGI). This group of stocks are in the diversified utilities industry and their market caps resemble NVE’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Subscribe

Enter your email:

Delivered by FeedBurner

X

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!