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Top Buys by Directors: Blue's $997.9K Bet on D

By Energy Stock Channel Staff, Monday, March 4, 1:04 PM ET
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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $997.9K by Robert M. Blue, CEO at Dominion Energy Inc (NYSE:D).

Blue bets big on D:

Purchased Insider Title Shares Price/Share Value
03/04/2024 Robert M. Blue Chair, President and CEO 21,735 $45.91 $997,890.80

Blue's average cost works out to $45.91/share. In trading on Monday, bargain hunters could buy shares of Dominion Energy Inc (NYSE:D) and achieve a cost basis lower than Blue, with shares changing hands as low as $44.49 per share. Shares of Dominion Energy Inc were changing hands at $46.20 at last check, trading up about 3.1% on Monday. The chart below shows the one year performance of D shares, versus its 200 day moving average:

Dominion Energy Inc Chart

Looking at the chart above, D's low point in its 52 week range is $39.18 per share, with $58.69 as the 52 week high point — that compares with a last trade of $46.20.

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This Article's Word Cloud:   Blue   Buys   Chair   Company   Directors   Dividends   Dominion   Energy   Free   Insider   Looking   Monday   NYSE   President   Presumably   Price   Purchased   Report   Robert   Share   Shares   Start   Title   Value   about   above   achieve   average   bargain   buys   changing   chart   company   cost   directors   hands   last   make   maybe   mdash   point   share   shares   stock   take   that   they   trading   week   with

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