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Thus, we’re going to discuss the newest info for Spectra Energy Corp. (NYSE:SE).
How have hedgies been trading Spectra Energy Corp. (NYSE:SE)?
At Q2’s end, a total of 22 of the hedge funds we track were long in this stock, a change of 10% from one quarter earlier. With the smart money’s sentiment swirling, there exists a few key hedge fund managers who were upping their holdings meaningfully.
When using filings from the hedgies we track, York Capital Management, managed by James Dinan, holds the most valuable position in Spectra Energy Corp. (NYSE:SE). York Capital Management has a $145.3 million position in the stock, comprising 3% of its 13F portfolio. Coming in second is Israel Englander of Millennium Management, with a $89 million position; 0.3% of its 13F portfolio is allocated to the company. Other peers with similar optimism include Alec Litowitz and Ross Laser’s Magnetar Capital, Ken Griffin’s Citadel Investment Group and Tom Sandell’s Sandell Asset Management.
With a general bullishness amongst the titans, certain bigger names were breaking ground themselves. York Capital Management, managed by James Dinan, established the biggest position in Spectra Energy Corp. (NYSE:SE). York Capital Management had 145.3 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also initiated a $89 million position during the quarter. The other funds with brand new SE positions are Alec Litowitz and Ross Laser’s Magnetar Capital, Ken Griffin’s Citadel Investment Group, and Tom Sandell’s Sandell Asset Management.
How are insiders trading Spectra Energy Corp. (NYSE:SE)?
Insider buying made by high-level executives is at its handiest when the company in focus has experienced transactions within the past 180 days. Over the latest half-year time frame, Spectra Energy Corp. (NYSE:SE) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also examine the relationship between both of these indicators in other stocks similar to Spectra Energy Corp. (NYSE:SE). These stocks are Oneok Partners LP (NYSE:OKS), Energy Transfer Partners LP (NYSE:ETP), Energy Transfer Equity, L.P. (NYSE:ETE), Williams Companies, Inc. (NYSE:WMB), and Plains All American Pipeline, L.P. (NYSE:PAA). This group of stocks are in the oil & gas pipelines industry and their market caps match SE’s market cap.