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Equally as useful, positive insider trading sentiment is a second way to analyze the financial markets. Obviously, there are a number of reasons for an executive to cut shares of his or her company, but just one, very clear reason why they would buy. Several empirical studies have demonstrated the useful potential of this tactic if investors understand what to do (learn more here).
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.
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.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Oneok Partners LP (NYSE:OKS) | 7 | 0 | 0 |
| Energy Transfer Partners LP (NYSE:ETP) | 9 | 0 | 0 |
| Energy Transfer Equity, L.P. (NYSE:ETE) | 15 | 0 | 0 |
| Williams Companies, Inc. (NYSE:WMB) | 44 | 0 | 0 |
| Plains All American Pipeline, L.P. (NYSE:PAA) | 10 | 0 | 0 |
Using the results shown by the previously mentioned analyses, average investors should always watch hedge fund and insider trading activity, and Spectra Energy Corp. (NYSE:SE) is no exception.
