We wouldn’t blame Dominion Energy, Inc. (NYSE:D) shareholders if they were a little worried about the fact that Diane Leopold, the Executive VP recently netted about US$1.1m selling shares at an average price of US$82.32. That sale reduced their total holding by 13% which is hardly insignificant, but far from the worst we’ve seen.
The Last 12 Months Of Insider Transactions At Dominion Energy
Over the last year, we can see that the biggest insider purchase was by Independent Director Michael Szymanczyk for US$1.7m worth of shares, at about US$78.85 per share. That implies that an insider found the current price of US$79.62 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it’s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we’re pleased to report that the insider purchases were made at close to current prices.
Over the last year, we can see that insiders have bought 33967.979999999996 shares worth US$2.6m. But they sold 16662.75 for US$1.3m. In total, Dominion Energy insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Dominion Energy insiders own 0.3% of the company, currently worth about US$179m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Dominion Energy Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Dominion Energy. Looks promising! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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