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Grab This Bargain Energy Stock Even Cheaper Than Director Harris Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 28, Dominion Energy Inc 's Director, John W. Harris, invested $711,500.00 into 10,000 shares of D, for a cost per share of $71.15. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Tuesday, bargain hunters could buy shares of Dominion Energy Inc (Symbol: D) and achieve a cost basis even cheaper than Harris, with shares changing hands as low as $70.75 per share. Dominion Energy Inc shares are currently trading up about 0.6% on the day. 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 $61.53 per share, with $85.30 as the 52 week high point - that compares with a last trade of $71.17. By comparison, below is a table showing the prices at which D insider buying was recorded over the last six months:

05/10/2018 Thomas F. Farrell II President and CEO 4,000 $63.44 $253,752.00
08/28/2018 John W. Harris Director 10,000 $71.15 $711,500.00

Click here to find out which 9 other energy stock bargains you can buy cheaper than insiders »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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