Top Insider Buys Highlight for the Week of March 13
According to GuruFocus data, the largest Insider Buys this week were for Xcel Energy Inc. (NASDAQ:XEL), Exxon Mobil Corp. (NYSE:XOM), The Home Depot Inc. (NYSE:HD) and Keurig Dr Pepper Inc. (NYSE:KDP).
Xcel Energy Inc. SVP, Strategy, Planning & Ext. Frank P. Prager bought 7,150 shares
SVP, Strategy, Planning & Ext. Frank P. Prager bought 7,150 shares of Xcel Energy (NASDAQ:XEL) stock on March 6 at the average price of $67.99. The price of the stock has decreased by 1.69% since.
Xcel Energy Inc. is a U.S. utility holding company that focuses on providing electricity and natural gas utilities. The company serves more than 3.3 million electric customers and 1.8 million natural gas customers in Minnesota, Michigan, Wisconsin, North Dakota, South Dakota, Colorado, Texas and New Mexico. The company has a market capitalization of $35.07 billion and traded at $66.84 on March 13.
On March 6, Xcel Energy Inc. announced that the company's Board of Directors has named Pete Gardner as Chief Nuclear Officer, effective immediately. Gardner succeeds Tim O'Connor, who has held the position since 2013 and has been promoted to Chief Generating Officer of the company, effective March 31. Gardner joined the company in 2013 and has served as vice president of Nuclear Operations since 2017. He has over 36 years of experience in the nuclear energy industry.
Exxon Mobil Corp Director William C. Weldon bought 8,771 shares
Director William C. Weldon bought 8,771 shares of Exxon Mobil (NYSE:XOM) stock on March 9 at the average price of $45.72. The price of the stock has decreased by 16.62% since.
Exxon Mobil Corp. is a U.S.-based international oil and gas corporation. The company is the largest direct descendant of John D. Rockefeller's Standard Oil Company and was ranked second in the Fortune 500 rankings of the largest United States corporations by total revenue in 2018. The company has a market capitalization of $161.33 billion and traded at $38.12 on March 13.
On Feb. 14, Exxon Mobil Corp. announced that the company's Board of Directors has elected Stephen Littleton as vice president of investor relations and corporate secretary, effective March 15. The current vice president of investor relations and corporate secretary, Neil Hansen, has been appointed vice president of fuels for Europe, Middle East and Africa. Littleton has held a variety of financial advisor and management roles, including upstream capital budget advisor, and is currently the vice president of downstream business services and controller.
The Home Depot Inc. EVP & CIO Matt Carey bought 4,745 shares
EVP & CIO Matt Carey bought 4,745 shares of Home Depot (NYSE:HD) stock on March 9 at the average price of $210.78. The price of the stock has decreased by 2.42% since.
The Home Depot Inc. is an international American retail company that primarily focuses on tools, products and services in the home improvement area. It is the largest home improvement retailer in the U.S. The company operates big-box format stores across all fifty states, as well as all ten provinces in Canada and some provinces in Mexico. The company has a market capitalization of $224.35 billion, and as of March 13, it traded at $205.67.
On Feb. 25, The Home Depot Inc. reported fourth quarter and fiscal 2019 results. Sales for the quarter were $25.8 billion, a 5.2% increase compared to sales of $26.5 billion during the same quarter of the prior year. Net earnings for the quarter were $2.5 billion, or $2.28 per diluted share, compared to net earnings of $2.3 billion, or $2.09 per diluted share, during the same quarter of the prior year. Sales for fiscal 2019 were $110.2 billion compared to sales of $108.2 billion during fiscal 2018.
Keurig Dr Pepper Inc. (NYSE:KDP): Director Olivier Goudet bought 20,000 shares
Director Olivier Goudet bought 20,000 shares of Keurig Dr Pepper (NYSE:KDP) stock on March 10 at the average price of $24.36. The price of the stock has decreased by 3.65% since.
Keurig Dr Pepper Inc. is an American beverage conglomerate. Its East-coast division sells coffee, beverages and Keurig brewers and coffee products. The company has a market capitalization of $33.02 billion, and as of March 13, it traded at $23.47.
On March 9, Keurig Dr Pepper Inc. announced the completion of its previously announced registered public secondary offering of 40 million shares of common stock. This represents 2.8% of the company's outstanding common stock, for gross proceeds of approximately $1.08 billion. All shares have been sold by Maple Holdings B.V. and Mondelez International Holdings LLC.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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This article first appeared on GuruFocus.
