Yahoo Finance Insider Buying: The Dominion Energy, Inc. (NYSE:D) President Just Bought 11% More Shares
Those following along with Dominion Energy, Inc. ( NYSE:D ) will no doubt be intrigued by the recent purchase of shares by Robert Blue, President of the company, who spent a stonking US$1m on stock at an average price of US$69.43. Not only is that a big swing, but it increased their holding size by 11%, which is definitely great to see.
See our latest analysis for Dominion Energy
Dominion Energy Insider Transactions Over The Last Year
Notably, that recent purchase by Robert Blue is the biggest insider purchase of Dominion Energy shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of US$68.00. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Robert Blue was the only individual insider to buy shares in the last twelve months.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Dominion Energy is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Dominion Energy insiders own 0.3% of the company, worth about US$139m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Dominion Energy Insider Transactions Indicate?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Dominion Energy. Looks promising! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Be aware that Dominion Energy is showing 3 warning signs in our investment analysis , and 1 of those is significant...
Of course Dominion Energy may not be the best stock to buy . So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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