Weekly highlight of top insider buys: CocaCola Company (KO, Financial), Noble Energy Inc. (NBL, Financial), Consolidated Edison Inc. (ED, Financial), FirstEnergy Corp. (FE, Financial), and Scana Corp (SCG, Financial).
CocaCola Company (KO): Director Evan G Greenberg Bought 3,896 Shares
Director of Coca Cola Company, Evan G Greenberg, bought 3,896 shares on 02/23/2011 at an average price of $64.31.
The Coca-Cola Company is the world's largest beverage company and is the producer and marketer of soft drinks. Cocacola Company has a market cap of $149.33 billion; its shares were traded at around $64.31 with a P/E ratio of 18.3 and P/S ratio of 4.2. The dividend yield of Cocacola Company stocks is 2.8%. Cocacola Company had an annual average earning growth of 8.9% over the past 10 years. GuruFocus rated Cocacola Company the business predictability rank of 3.5-star.
On February 9, The Coca-Cola Company reported fourth quarter 2010 operating results, with reported worldwide volume growth of 6%, cycling 5% growth in the prior year quarter. For the full year, reported worldwide volume grew 5%. Excluding the benefit of new cross-licensed brands in North America, primarily Dr Pepper brands, worldwide volume grew 5% in the quarter and 5% for the full year.
CocaCola Company is in the portfolios of Bill Gates, Donald Yacktman, Mario Gabelli, Tom Gayner, Robert Olstein, Jean-Marie Eveillard, Ruane Cunniff, Richard Aster Jr. David Winters, Arnold Van Den Berg, Tweedy Browne, Chris Davis, Kenneth Fisher, Dodge & Cox, and John Hussman.
This month, Buy: Director Evan G Greenberg bought 3,896 shares of KO stock. Buy: Director Barry Diller bought 270,000 shares in November. Sell: Executive Vice President Alexander B Jr Cummings sold 5,500 shares in December, and Sell: Pres/CEO, CC Refreshments USA Steven A Cahillane sold 44,609 shares in November.
Noble Energy Inc. (NBL): Director Kleef William T Van Bought 10,000 Shares
Director of Noble Energy Inc., Kleef William T Van, bought 10,000 shares on 2/24/2011 at an average price of $89.19.
Noble Energy Inc., the parent company of Samedan Oil Corporation, Noble Gas Marketing, Inc. Noble Energy Inc. has a market cap of $15.62 billion; its shares were traded at around $89.19 with a P/E ratio of 21.4 and P/S ratio of 5.1. The dividend yield of Noble Energy Inc. stocks is 0.8%. Noble Energy Inc. had an annual average earning growth of 10.6% over the past 10 years.
On Feb. 10, Noble Energy Inc. reported today fourth quarter 2010 net income of $52 million, or $0.29 per share diluted, on revenues of $783 million. Included in net income for the quarter were a few items which are typically not considered by analysts in published estimates. Excluding the impact of these items, which included an unrealized commodity derivative loss and certain asset impairments, fourth quarter 2010 adjusted net income(1) was $185 million, or $1.04 per share diluted. The Company reported net income of $8 million during the final quarter of 2009, or $0.05 per share diluted, on revenues of $760 million. Adjusted net income(1) for the fourth quarter of 2009 was $178 million, or$1.01 per share diluted.
Noble Energy Inc. is in the portfolios of: Mario Gabelli, Richard Aster Jr., David Williams, PRIMECAP Management, and NWQ Managers.
This month, Buy: Director Kleef William T Van bought 10,000 shares of NBL stock. Sell: President & COO David L Stover and Sell: Sr. VP Exploration Susan M Cunningham sold shares in January. Sell: Chairman & CEO Charles D Davidson sold 52,000 shares in November.
Consolidated Edison Inc. (ED): Director L Frederick Sutherland Bought 2,000 Shares
Director of Consolidated Edison Inc., L Frederick Sutherland, bought 2,000 shares on 2/23/2011 at an average price of $49.41.
Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies. Consolidated Edison Inc. has a market cap of $14.36 billion; its shares were traded at around $49.41 with a P/E ratio of 14.4 and P/S ratio of 1.1. The dividend yield of Consolidated Edison Inc. stocks is 4.8%. Consolidated Edison Inc. had an annual average earning growth of 0.2% over the past 10 years.
On January 20, Consolidated Edison, Inc. reported 2010 net income for common stock of $992 million or $3.49 a share compared with $868 million or $3.16 a share in 2009. Earnings from ongoing operations, which exclude the net mark-to-market effects of the competitive energy businesses, were $981 million or $3.45 a share in 2010 compared with $849 million or $3.09 a share in 2009. For the fourth quarter of 2010, net income for common stock was $233 million or $0.81 a share compared with $202 million or $0.73 a share in the fourth quarter of 2009. Earnings from ongoing operations for the fourth quarter of 2010, which exclude the net mark-to-market effects of the competitive energy businesses, were $201 million or $0.69 a share compared with $184 million or $0.67 a share in the fourth quarter of 2009.
Consolidated Edison Inc. is in the portfolios of George Soros, Mario Gabelli, and James Barrow.
This month, Buy: Director L Frederick Sutherland bought 2,000 shares of ED stock. Buy: SVP Enterprise Shared Services Luther Tai, Buy: General Counsel Elizabeth D Moore, Buy: VP, Strategic Planning Gurudatta D Nadkarni, Buy: SVP & CFO Robert N Hoglund, and Buy: President (CECONY) Craig S Ivey bought shares in January.
FirstEnergy Corp. (FE): Director George M Smart Bought 4,000 Shares
Director of FirstEnergy Corp., George M Smart, bought 4,000 shares on 2/22/2011 at an average price of $37.75.
FirstEnergy Corp. is a diversified energy services holding company as the result of the merger of Ohio Edison Company and Centerior Energy Corporation. FirstEnergy Corp. has a market cap of $11.51 billion; its shares were traded at around $37.75 with a P/E ratio of 10.5 and P/S ratio of 0.9. The dividend yield of FirstEnergy Corp. stocks is 5.9%. FirstEnergy Corp. had an annual average earning growth of 3.9% over the past 10 years.
On Feb. 16, FirstEnergy Corp. reported 2010 basic earnings of $3.62 per share of common stock ($3.61 diluted) on a non-GAAP* basis. This compares to 2009 basic non-GAAP earnings of $3.77 per share ($3.75 diluted). On a GAAP basis, 2010 basic earnings were $2.58 per share ($2.57 diluted) on net income of $760 million, and revenue of $13.34 billion. In 2009, basic earnings were $3.31 per share ($3.29 diluted), on net income of $990 million, and revenue of $12.97 billion. Fourth quarter 2010 non-GAAP basic earnings were $0.71 per share of common stock ($0.70 diluted). In the fourth quarter of 2009, non-GAAP basic and diluted earnings were $0.77 per share. On a GAAP basis, fourth quarter 2010 basic and diluted earnings were $0.61 per share, on net income of $180 million and revenue of $3.22 billion. This compares to basic and diluted earnings of $0.78 per share in the fourth quarter of 2009, on net income of $236 million, and revenue of $2.96 billion.
This month,Buy: Director George M Smart bought 4,000 shares of FE stock. Sell: Senior Vice President Donald R Schneider sold 553 shares in October.
SCANA Corp. (SCG): President & COO Kevin B Marsh Bought 12,387 Shares
President & COO of SCANA Corp., Kevin B Marsh, bought 12,387 shares during the past week at an average price of $40.36.
SCANA Corporation is an energy-based holding company whose businesses include regulated electric and natural gas utility operations, telecommunications and other non-regulated energy-related businesses. Scana Corp. has a market cap of $5.13 billion; its shares were traded at around $40.36 with a P/E ratio of 13.5 and P/S ratio of 1.1. The dividend yield of Scana Corp. stocks is 4.7%. Scana Corp. had an annual average earning growth of 2.2% over the past 10 years.
On February 11, SCANA Corp. reported results for the year 2010. For the year ended December 31, 2010, SCANA reported basic earnings of $376 million or $2.99 per share, compared to $348 million, or $2.85 per share, in 2009.
SCANA Corp. is in the portfolio of Mario Gabelli.
This month, Buy: President & COO Kevin B Marsh bought 4,971 shares of SCG stock and Sell: Controller James E Iv Swan sold 743 shares.
CocaCola Company (KO): Director Evan G Greenberg Bought 3,896 Shares
Director of Coca Cola Company, Evan G Greenberg, bought 3,896 shares on 02/23/2011 at an average price of $64.31.
The Coca-Cola Company is the world's largest beverage company and is the producer and marketer of soft drinks. Cocacola Company has a market cap of $149.33 billion; its shares were traded at around $64.31 with a P/E ratio of 18.3 and P/S ratio of 4.2. The dividend yield of Cocacola Company stocks is 2.8%. Cocacola Company had an annual average earning growth of 8.9% over the past 10 years. GuruFocus rated Cocacola Company the business predictability rank of 3.5-star.
On February 9, The Coca-Cola Company reported fourth quarter 2010 operating results, with reported worldwide volume growth of 6%, cycling 5% growth in the prior year quarter. For the full year, reported worldwide volume grew 5%. Excluding the benefit of new cross-licensed brands in North America, primarily Dr Pepper brands, worldwide volume grew 5% in the quarter and 5% for the full year.
CocaCola Company is in the portfolios of Bill Gates, Donald Yacktman, Mario Gabelli, Tom Gayner, Robert Olstein, Jean-Marie Eveillard, Ruane Cunniff, Richard Aster Jr. David Winters, Arnold Van Den Berg, Tweedy Browne, Chris Davis, Kenneth Fisher, Dodge & Cox, and John Hussman.
This month, Buy: Director Evan G Greenberg bought 3,896 shares of KO stock. Buy: Director Barry Diller bought 270,000 shares in November. Sell: Executive Vice President Alexander B Jr Cummings sold 5,500 shares in December, and Sell: Pres/CEO, CC Refreshments USA Steven A Cahillane sold 44,609 shares in November.
Noble Energy Inc. (NBL): Director Kleef William T Van Bought 10,000 Shares
Director of Noble Energy Inc., Kleef William T Van, bought 10,000 shares on 2/24/2011 at an average price of $89.19.
Noble Energy Inc., the parent company of Samedan Oil Corporation, Noble Gas Marketing, Inc. Noble Energy Inc. has a market cap of $15.62 billion; its shares were traded at around $89.19 with a P/E ratio of 21.4 and P/S ratio of 5.1. The dividend yield of Noble Energy Inc. stocks is 0.8%. Noble Energy Inc. had an annual average earning growth of 10.6% over the past 10 years.
On Feb. 10, Noble Energy Inc. reported today fourth quarter 2010 net income of $52 million, or $0.29 per share diluted, on revenues of $783 million. Included in net income for the quarter were a few items which are typically not considered by analysts in published estimates. Excluding the impact of these items, which included an unrealized commodity derivative loss and certain asset impairments, fourth quarter 2010 adjusted net income(1) was $185 million, or $1.04 per share diluted. The Company reported net income of $8 million during the final quarter of 2009, or $0.05 per share diluted, on revenues of $760 million. Adjusted net income(1) for the fourth quarter of 2009 was $178 million, or$1.01 per share diluted.
Noble Energy Inc. is in the portfolios of: Mario Gabelli, Richard Aster Jr., David Williams, PRIMECAP Management, and NWQ Managers.
This month, Buy: Director Kleef William T Van bought 10,000 shares of NBL stock. Sell: President & COO David L Stover and Sell: Sr. VP Exploration Susan M Cunningham sold shares in January. Sell: Chairman & CEO Charles D Davidson sold 52,000 shares in November.
Consolidated Edison Inc. (ED): Director L Frederick Sutherland Bought 2,000 Shares
Director of Consolidated Edison Inc., L Frederick Sutherland, bought 2,000 shares on 2/23/2011 at an average price of $49.41.
Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies. Consolidated Edison Inc. has a market cap of $14.36 billion; its shares were traded at around $49.41 with a P/E ratio of 14.4 and P/S ratio of 1.1. The dividend yield of Consolidated Edison Inc. stocks is 4.8%. Consolidated Edison Inc. had an annual average earning growth of 0.2% over the past 10 years.
On January 20, Consolidated Edison, Inc. reported 2010 net income for common stock of $992 million or $3.49 a share compared with $868 million or $3.16 a share in 2009. Earnings from ongoing operations, which exclude the net mark-to-market effects of the competitive energy businesses, were $981 million or $3.45 a share in 2010 compared with $849 million or $3.09 a share in 2009. For the fourth quarter of 2010, net income for common stock was $233 million or $0.81 a share compared with $202 million or $0.73 a share in the fourth quarter of 2009. Earnings from ongoing operations for the fourth quarter of 2010, which exclude the net mark-to-market effects of the competitive energy businesses, were $201 million or $0.69 a share compared with $184 million or $0.67 a share in the fourth quarter of 2009.
Consolidated Edison Inc. is in the portfolios of George Soros, Mario Gabelli, and James Barrow.
This month, Buy: Director L Frederick Sutherland bought 2,000 shares of ED stock. Buy: SVP Enterprise Shared Services Luther Tai, Buy: General Counsel Elizabeth D Moore, Buy: VP, Strategic Planning Gurudatta D Nadkarni, Buy: SVP & CFO Robert N Hoglund, and Buy: President (CECONY) Craig S Ivey bought shares in January.
FirstEnergy Corp. (FE): Director George M Smart Bought 4,000 Shares
Director of FirstEnergy Corp., George M Smart, bought 4,000 shares on 2/22/2011 at an average price of $37.75.
FirstEnergy Corp. is a diversified energy services holding company as the result of the merger of Ohio Edison Company and Centerior Energy Corporation. FirstEnergy Corp. has a market cap of $11.51 billion; its shares were traded at around $37.75 with a P/E ratio of 10.5 and P/S ratio of 0.9. The dividend yield of FirstEnergy Corp. stocks is 5.9%. FirstEnergy Corp. had an annual average earning growth of 3.9% over the past 10 years.
On Feb. 16, FirstEnergy Corp. reported 2010 basic earnings of $3.62 per share of common stock ($3.61 diluted) on a non-GAAP* basis. This compares to 2009 basic non-GAAP earnings of $3.77 per share ($3.75 diluted). On a GAAP basis, 2010 basic earnings were $2.58 per share ($2.57 diluted) on net income of $760 million, and revenue of $13.34 billion. In 2009, basic earnings were $3.31 per share ($3.29 diluted), on net income of $990 million, and revenue of $12.97 billion. Fourth quarter 2010 non-GAAP basic earnings were $0.71 per share of common stock ($0.70 diluted). In the fourth quarter of 2009, non-GAAP basic and diluted earnings were $0.77 per share. On a GAAP basis, fourth quarter 2010 basic and diluted earnings were $0.61 per share, on net income of $180 million and revenue of $3.22 billion. This compares to basic and diluted earnings of $0.78 per share in the fourth quarter of 2009, on net income of $236 million, and revenue of $2.96 billion.
This month,Buy: Director George M Smart bought 4,000 shares of FE stock. Sell: Senior Vice President Donald R Schneider sold 553 shares in October.
SCANA Corp. (SCG): President & COO Kevin B Marsh Bought 12,387 Shares
President & COO of SCANA Corp., Kevin B Marsh, bought 12,387 shares during the past week at an average price of $40.36.
SCANA Corporation is an energy-based holding company whose businesses include regulated electric and natural gas utility operations, telecommunications and other non-regulated energy-related businesses. Scana Corp. has a market cap of $5.13 billion; its shares were traded at around $40.36 with a P/E ratio of 13.5 and P/S ratio of 1.1. The dividend yield of Scana Corp. stocks is 4.7%. Scana Corp. had an annual average earning growth of 2.2% over the past 10 years.
On February 11, SCANA Corp. reported results for the year 2010. For the year ended December 31, 2010, SCANA reported basic earnings of $376 million or $2.99 per share, compared to $348 million, or $2.85 per share, in 2009.
SCANA Corp. is in the portfolio of Mario Gabelli.
This month, Buy: President & COO Kevin B Marsh bought 4,971 shares of SCG stock and Sell: Controller James E Iv Swan sold 743 shares.
