Northeast Utilities System (NU) Insider Sells Over 6,000 Shares

Northeast Utilities System (NYSE:NU), saw a high level insider alter his position in the company through a transaction that began earlier in the week and was officially filed today, September 4th. Vice President, Controller and Chief Accountant Jay S. Buth disposed of 6,150 shares of common stock at average prices ranging from $45.71 to $45.72 per share. Following this transaction, Buth now has a total of 7,554 shares directly invested in the company. Moreover, Northeast Utilities System (NYSE:NU) is a $14.52 billion market cap public utility holding company that is primarily engaged in the energy delivery business through its wholly owned utility subsidiaries,
In addition, billionaire Israel Englander is betting on the company this in upcoming weeks. His hedge fund, Millennium Management, reported a 37% rise in activity over the course of the last fiscal quarter, and now holds about 2 million shares worth about $97.8 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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