Portland General Electric Company (POR): Insiders Aren’t Crazy About It But Hedge Funds Love It

What’s a smart Portland General Electric Company (NYSE:POR) investor to do?

In today’s marketplace, there are many methods market participants can use to monitor their holdings. Some of the most useful are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the best money managers can trounce the S&P 500 by a solid margin (see just how much).

Equally as key, positive insider trading sentiment is a second way to look at the stock market universe. As the old adage goes: there are a variety of stimuli for an executive to drop shares of his or her company, but only one, very clear reason why they would initiate a purchase. Plenty of academic studies have demonstrated the impressive potential of this tactic if investors know where to look (learn more here).

Furthermore, we’re going to analyze the newest info surrounding Portland General Electric Company (NYSE:POR).

How have hedgies been trading Portland General Electric Company (NYSE:POR)?

At Q2’s end, a total of 16 of the hedge funds we track were bullish in this stock, a change of 14% from the first quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were increasing their stakes substantially.

When using filings from the hedgies we track, Millennium Management, managed by Israel Englander, holds the largest position in Portland General Electric Company (NYSE:POR). Millennium Management has a $66.4 million position in the stock, comprising 0.2% of its 13F portfolio. The second largest stake is held by Adage Capital Management, managed by Phill Gross and Robert Atchinson, which held a $48.6 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining hedgies with similar optimism include Clint Carlson’s Carlson Capital, David Dreman’s Dreman Value Management and Jim Simons’s Renaissance Technologies.

Now, specific money managers have jumped into Portland General Electric Company (NYSE:POR) headfirst. Millennium Management, managed by Israel Englander, initiated the largest position in Portland General Electric Company (NYSE:POR). Millennium Management had 66.4 million invested in the company at the end of the quarter. Phill Gross and Robert Atchinson’s Adage Capital Management also initiated a $48.6 million position during the quarter. The other funds with brand new POR positions are Clint Carlson’s Carlson Capital, David Dreman’s Dreman Value Management, and Jim Simons’s Renaissance Technologies.

What do corporate executives and insiders think about Portland General Electric Company (NYSE:POR)?

Bullish insider trading is most useful when the company in focus has experienced transactions within the past 180 days. Over the last half-year time frame, Portland General Electric Company (NYSE:POR) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll also review the relationship between both of these indicators in other stocks similar to Portland General Electric Company (NYSE:POR). These stocks are Hawaiian Electric Industries, Inc. (NYSE:HE), Black Hills Corp (NYSE:BKH), UIL Holdings Corporation (NYSE:UIL), UNS Energy Corp (NYSE:UNS), and IDACORP Inc (NYSE:IDA). This group of stocks are in the electric utilities industry and their market caps are similar to POR’s market cap.

Using the results explained by our tactics, average investors must always keep one eye on hedge fund and insider trading activity, and Portland General Electric Company (NYSE:POR) is no exception.

Discover how hedge fund piggybacking can benefit you