The largest insider buys this week were in NextEra Energy Inc. (NEE, Financial), Exxon Mobil Corp. (XOM, Financial), Wells Fargo & Co. (WFC, Financial) and Linde PLC (LIN, Financial).
NextEra Energy director bought 4,000 shares
Director David L. Porges bought 4,000 shares on March 13 for an average price of $220. The stock has decreased by 12.84% since then.
NextEra Energy is an American Fortune 200 energy company with around 45,900 megawatts of generating capacity. The company purchases, owns and operates wind and solar power projects in North America. The company has a market capitalization of $93.76 billion; as of March 20, it traded at $191.75.
On Feb. 19, NextEra Energy announced it agreed to sell $2.5 billion worth of equity units to JPMorgan, Wells Fargo Securities and Bank of America Securities. The transaction closed on Feb. 21. Each equity unit was issued in a stated amount of $50 and consisted of a contract to purchase the company’s common stock in the future and a 5% undivided beneficial ownership interest in a NextEra Energy Capitol Holdings Inc. debenture due March 1, 2025.
Exxon Mobil vice president bought 30,000 shares
Vice President Neil W. Duffin bought 30,000 shares on March 18 for an average price of $36.41. The share price has fallen 10.08% since them.
Exxon Mobil is an 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 U.S. corporations by total revenue in 2018. The company has a market capitalization of $138.56 billion; as of March 20, it traded at $32.74.
On Feb. 14, Exxon Mobil announced the board of directors had elected Stephen Littleton as vice president of investor relations and corporate secretary, effective on March 15. The former vice president in that role, Neil Hansen, was appointed vice president of fuels for Europe, Middle East and Africa.
Wells Fargo director bought 20,000 shares
Director Charles H. Noski bought 20,000 shares on March 13 for an average price of $29.53. The stock has decreased by 10.26% since then.
Wells Fargo is a banking and financial services holding company. It is the world’s second-largest bank by market capitalization and the third-largest bank in the U.S. by assets. The company is the second-largest bank in deposits, home mortgage servicing and debit cards. The company has a market capitalization of $108.37 billion; as of March 20, it traded at $26.50.
On March 16, Wells Fargo announced it was decreasing its prime rate to 3.25% from 4.25%, effective immediately.
Linde director bought 1,400 shares
Director Franz Fehrenbach bought 1,400 shares on March 17 for an average price of $158.72. Since then, the share price has fallen 4.67%.
Linde is an Irish chemical company formed from the merger of Linde AG of Germany and Praxair of the United States. The company is the world’s largest industrial gas company by market share as well by revenue, and it is also a component of the S&P 500. The company has a market capitalization of $80.64 billion; as of March 20, it traded at $151.30.
On Feb. 24, Linde announced the board of directors had declared a quarterly dividend of 96.3 cents per common share, representing a 10% increase. The dividend is payable on March 20 to shareholders of record at the close of business on March 6.
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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