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Top Insider Buys Highlight for the Week of March 8

- By Shuda Xia

According to GuruFocus, the largest insider buys this week were Enbridge Inc. (ENB), CVS Health Corp. (CVS), Southern Co. (SO) and Keurig Dr Pepper Inc. (KDP).

Enbridge president and CEO bought 7,806 shares

President and CEO Albert Monaco bought 7,806 shares of Enbridge on March 5 for an average price of $49.33 per share. The share price has declined 27.16% since then.


Enbridge is a Canadian company that focuses on the distribution, transportation and generation of energy. The company operates the longest crude oil and liquid hydrocarbons transportation system in North American and owns and operates Canada's largest natural gas distribution network. The company has a market capitalization of $72.51 billion; as of March 8, it traded at $35.93.

On March 1, Enbridge reported the state of Minnesota provided the company with a timeline for its agencies' remaining environmental permits for the Line 3 Replacement Project. The timeline indicates the certifications on all remaining state permits required for the construction of the line will be provided by November. The company anticipates the remaining federal permits will be finalized approximately 30 to 60 days afterward.

CVS Health director bought 4,000 shares

Director Edward J. Ludwig bought 4,000 shares of CVS on March 1 for an average price of $58.27 per share. Since then, the share price has fallen 9.16%.

CVS is an American retail pharmacy and health care company. The business began as a chain of health and beauty stores, but pharmacies were later added. The company owns several subsidiaries, including CVS Pharmacy, MinuteClinic, Caremark Rx, Longs Drugs, Omnicare and Navarro Discount Pharmacies. The company has a market capitalization of $68.65 billion; as of March 8, it traded at $52.93.

On Feb. 20, CVS reported financial results for fourth-quarter and full-year 2018. Revenue for the quarter increased 12.5% to $54.4 billion. The GAAP diluted loss per share was 37 cents, including a $2.2 billion goodwill impairment charge. Adjusted earnings were $2.14 per share for the quarter. The company also completed its $70 billion acquisition of Aetna.

Southern Co. director bought 2,000 shares

Director Henry A. Clark III bought 2,000 shares of Southern on March 5 for an average price of $50.19 per share. The share price since then has risen 1.41%.

Southern is an American gas and electric utility holding company chiefly operating in the southern United States. It is currently the second-largest utility company in the U.S. in terms of customer base; through its subsidiaries, it serves 9 million customers in nine states. The company has a market capitalization of $52.66 billion; as of March 8, it traded at $50.90.

On March 6, Southern announced that its major subsidiary, Georgia Power, will build a new 1.4 megawatt microgrid in Atlanta in collaboration with Georgia Tech. Microgrids are self-contained power systems located with facilities they serve, including generation resources, storage systems and energy management systems. The microgrid is set to begin operating this fall.

Keurig Dr Pepper director bought 156,800 shares

Director Peter Harf bought 156,800 shares of Keurig Dr Pepper on March 1 for an average price of $25.44 per share. The share price has increased 3.77% since then.

Keurig Dr Pepper is an American beverage conglomerate. Its East Coast division sells coffee, beverages and Keurig brewers. As of last July, the company also sells sodas, juices and other soft drinks from its Dr Pepper Snapple division in Texas. The company has a market capitalization of $37.12 billion; as of March 8, it traded at $26.40.

On Feb. 28, Keurig Dr Pepper reported results for fourth-quarter and full-year 2018. Net sales for the full year were $7.44 billion, a 76% increase from $4.23 billion a year ago. Operating income was $1.24 billion, a 44% increase from $0.86 billion.

For the complete list of stocks bought by company executives, go to insider trades.

Disclosure: I do not own shares of any of the companies mentioned in the article.

This article first appeared on GuruFocus.