Those following along with Dominion Energy, Inc. (NYSE:D) will no doubt be intrigued by the recent purchase of shares by Michael Szymanczyk, Director of the company, who spent a stonking US$1.7m on stock at an average price of US$78.85. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 48.0%.
The Last 12 Months Of Insider Transactions At Dominion Energy
In fact, the recent purchase by Director Michael Szymanczyk was not their only acquisition of Dominion Energy shares this year. They previously made an even bigger purchase of US$1.7m worth of shares at a price of US$78.85 per share. That means that an insider was happy to buy shares at around the current price of US$80.92. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Dominion Energy insiders decided to buy shares 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 3715 for US$271k. Overall, Dominion Energy insiders were net buyers last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
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 of Dominion Energy
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Dominion Energy insiders own 0.3% of the company, currently worth about US$178m 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. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish 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.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.