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

Page 1 of 2

What’s smartĀ 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
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

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!