To the average investor, there are many indicators shareholders can use to monitor stocks. A couple of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite fund managers can beat their index-focused peers by a solid amount (see just how much).
Equally as useful, positive insider trading sentiment is a second way to analyze the investments you’re interested in. There are a variety of incentives for an insider to downsize shares of his or her company, but just one, very simple reason why they would initiate a purchase. Plenty of academic studies have demonstrated the valuable potential of this tactic if “monkeys” understand what to do (learn more here).
What’s more, we’re going to study the newest info for Wisconsin Energy Corporation (NYSE:WEC).
What have hedge funds been doing with Wisconsin Energy Corporation (NYSE:WEC)?
At Q2’s end, a total of 10 of the hedge funds we track were bullish in this stock, a change of 11% from the previous quarter. With the smart money’s sentiment swirling, there exists a select group of key hedge fund managers who were increasing their holdings substantially.
When using filings from the hedgies we track, David Harding’s Winton Capital Management had the most valuable position in Wisconsin Energy Corporation (NYSE:WEC), worth close to $65.3 million, accounting for 0.8% of its total 13F portfolio. Sitting at the No. 2 spot is Israel Englander of Millennium Management, with a $11.2 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other peers that hold long positions include Israel Englander’s Millennium Management, Cliff Asness’s AQR Capital Management and Matthew Tewksbury’s Stevens Capital Management.
As aggregate interest spiked, certain money managers have been driving this bullishness. Winton Capital Management, managed by David Harding, established the biggest position in Wisconsin Energy Corporation (NYSE:WEC). Winton Capital Management had 65.3 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also initiated a $11.2 million position during the quarter. The following funds were also among the new WEC investors: Israel Englander’s Millennium Management, Cliff Asness’s AQR Capital Management, and Matthew Tewksbury’s Stevens Capital Management.
How are insiders trading Wisconsin Energy Corporation (NYSE:WEC)?
Legal insider trading, particularly when it’s bullish, is at its handiest when the company we’re looking at has experienced transactions within the past half-year. Over the last six-month time period, Wisconsin Energy Corporation (NYSE:WEC) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll check out the relationship between both of these indicators in other stocks similar to Wisconsin Energy Corporation (NYSE:WEC). These stocks are DTE Energy Co (NYSE:DTE), Entergy Corporation (NYSE:ETR), The AES Corporation (NYSE:AES), Calpine Corporation (NYSE:CPN), and Companhia Energetica Minas Gerais (ADR) (NYSE:CIG). This group of stocks belong to the electric utilities industry and their market caps resemble WEC’s market cap.