The Empire District Electric Company (EDE) Vice President and COO Kelly S Walters sells 2,000 Shares

Vice President and COO of The Empire District Electric Company (EDE) Kelly S Walters sells 2,000 shares of EDE on 08/26/2011 at an average price of $20.29 a share.

Empire District Electric Co. has a market cap of $874.8 million; its shares were traded at around $20.94 with a P/E ratio of 16.6 and P/S ratio of 1.6. The dividend yield of Empire District Electric Co. stocks is 6.1%. Empire District Electric Co. had an annual average earning growth of 0.4% over the past 5 years.

This is the annual revenues and earnings per share of EDE over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of EDE.

CEO Recent Trades:

• President and CEO William L Gipson sold 12,154 shares of EDE stock on 05/03/2011 at the average price of 22.51. William L Gipson owns at least 27,398 shares after this. The price of the stock has decreased by 6.97% since.

This is the insider trade history vs. stock price of EDE. For the complete insider trading history of EDE, click here.

Directors and Officers Recent Trades:

• Director Thomas M Ohlmacher bought 2,000 shares of EDE stock on 06/02/2011 at the average price of 19.12. Thomas M Ohlmacher owns at least 3,000 shares after this. The price of the stock has increased by 9.52% since.
• Director Paul R Portney bought 300 shares of EDE stock on 05/31/2011 at the average price of 18.82. Paul R Portney owns at least 500 shares after this. The price of the stock has increased by 11.26% since.
• Director Bonnie Cruickshank Lind bought 300 shares of EDE stock on 05/27/2011 at the average price of 18.69. Bonnie Cruickshank Lind owns at least 500 shares after this. The price of the stock has increased by 12.04% since.
• Director Herbert J Schmidt bought 2,500 shares of EDE stock on 05/02/2011 at the average price of 22.48. Herbert J Schmidt owns at least 2,500 shares after this. The price of the stock has decreased by 6.85% since.
• Vice President Michael E Palmer sold 4,500 shares of EDE stock on 08/25/2011 at the average price of 20.04. Michael E Palmer owns at least 10,665 shares after this. The price of the stock has increased by 4.49% since.

For the complete insider trading history of EDE, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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