Should Vectren Corporation (NYSE:VVC) investors track the following data?
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Just as useful, bullish insider trading activity is another way to analyze the world of equities. Obviously, there are plenty of stimuli for an insider to cut shares of his or her company, but only one, very clear reason why they would buy. Many empirical studies have demonstrated the market-beating potential of this method if investors know where to look (learn more here).
Thus, we’re going to analyze the newest info for Vectren Corporation (NYSE:VVC).
How are hedge funds trading Vectren Corporation (NYSE:VVC)?
At the end of the second quarter, a total of 15 of the hedge funds we track were long in this stock, a change of 67% from the previous quarter. With hedge funds’ sentiment swirling, there exists a few noteworthy hedge fund managers who were increasing their holdings substantially.
As industrywide interest increased, particular hedge funds have been driving this bullishness. Adage Capital Management, managed by Phill Gross and Robert Atchinson, created the most valuable position in Vectren Corporation (NYSE:VVC). Adage Capital Management had 16.9 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also initiated a $13.1 million position during the quarter. The other funds with new positions in the stock are Israel Englander’s Millennium Management, D. E. Shaw’s D E Shaw, and Matthew Hulsizer’s PEAK6 Capital Management.
What do corporate executives and insiders think about Vectren Corporation (NYSE:VVC)?
Insider buying made by high-level executives is particularly usable when the primary stock in question has experienced transactions within the past six months. Over the last half-year time period, Vectren Corporation (NYSE:VVC) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Vectren Corporation (NYSE:VVC). These stocks are PNM Resources, Inc. (NYSE:PNM), ALLETE Inc (NYSE:ALE), UGI Corp (NYSE:UGI), Westar Energy Inc (NYSE:WR), and TransAlta Corporation (USA) (NYSE:TAC). All of these stocks are in the diversified utilities industry and their market caps match VVC’s market cap.
