Hedge Funds Are Selling CH Energy Group Inc (CHG)

CH Energy Group Inc (NYSE:CHG) was in 5 hedge funds’ portfolio at the end of December. CHG investors should pay attention to a decrease in hedge fund interest of late. There were 5 hedge funds in our database with CHG holdings at the end of the previous quarter.

At the moment, there are many methods investors can use to watch stocks. A couple of the most under-the-radar are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the best investment managers can beat the market by a solid amount (see just how much).

Just as integral, bullish insider trading sentiment is another way to parse down the investments you’re interested in. As the old adage goes: there are a number of motivations for an insider to drop shares of his or her company, but just one, very clear reason why they would buy. Various empirical studies have demonstrated the useful potential of this strategy if investors understand what to do (learn more here).

With these “truths” under our belt, let’s take a glance at the key action encompassing CH Energy Group Inc (NYSE:CHG).

Hedge fund activity in CH Energy Group Inc (NYSE:CHG)

At year’s end, a total of 5 of the hedge funds we track were long in this stock, a change of 0% from the previous quarter. With hedgies’ sentiment swirling, there exists an “upper tier” of key hedge fund managers who were increasing their stakes significantly.

According to our comprehensive database, AQR Capital Management, managed by Cliff Asness, holds the biggest position in CH Energy Group Inc (NYSE:CHG). AQR Capital Management has a $40.4 million position in the stock, comprising 0.2% of its 13F portfolio. The second largest stake is held by GAMCO Investors, managed by Mario Gabelli, which held a $39.5 million position; 0.3% of its 13F portfolio is allocated to the company. Some other hedge funds that hold long positions include Jim Simons’s Renaissance Technologies, D. E. Shaw’s D E Shaw and Joel Greenblatt’s Gotham Asset Management.

What do corporate executives and insiders think about CH Energy Group Inc (NYSE:CHG)?

Insider trading activity, especially when it’s bullish, is best served when the company in question has seen transactions within the past half-year. Over the last 180-day time period, CH Energy Group Inc (NYSE:CHG) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to CH Energy Group Inc (NYSE:CHG). These stocks are Avista Corp (NYSE:AVA), NorthWestern Corp (NYSE:NWE), MGE Energy, Inc. (NASDAQ:MGEE), Otter Tail Corporation (NASDAQ:OTTR), and Just Energy Group, Inc. Ordinary Shares (Canada) (NYSE:JE). This group of stocks are in the diversified utilities industry and their market caps resemble CHG’s market cap.

With the returns exhibited by our strategies, retail investors must always watch hedge fund and insider trading activity, and CH Energy Group Inc (NYSE:CHG) applies perfectly to this mantra.

Click here to learn why you should track hedge funds