Weekly CFO Buys Highlight: NRG Energy, Prospect Capital, Energy Transfer Equity LP

Insiders buy shares at energy companies

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Dec 13, 2015
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According to GuruFocus Insider Data, the recent CFO buys were: NRG Energy Inc. (NRG, Financial), Prospect Capital Corp (PSEC, Financial), and Energy Transfer Equity LP (ETE, Financial).

NRG Energy Inc.: EVP and CFO Kirkland B. Andrews bought 10,000 shares

On Dec. 7, Andrews bought 10,000 shares at an average price of $8.94 per share. The price of the stock has increased by 13.42%. NRG Energy Inc. has a market cap of $3.19 billion and its shares were traded at around $10.14. The company has a P/S ratio of 0.22 with a dividend yield of 5.72%. Over the past 10 years, NRG Energy Inc. had an annual average earnings growth of 3.80%.

NRG Energy announced its 2015 third-quarter results with revenues of $4.43 billion and gross profit of $1.40 billion; the net income was $66 million. The 2014 total revenue was $15.87 billion, a 41% increase from the 2013 total revenue. The 2014 gross profit was $4.09 billion, a 29% increase from the 2013 gross profit. The 2014 net income was $134 million.

On Nov. 6, President and CEO David W. Crane bought 7,500 shares at an average price of $13.07 per share. The price of the stock has decreased by 22.42%. On Dec. 10, Director Terry G. Dallas bought 2,000 shares at an average price of $10.64. The price of the stock has decreased by 4.7%. On Dec. 8, Director Walter R. Young Jr. bought 3,008 shares at an average price of $9.6. The price of the stock has increased by 5.63%.

Prospect Capital Corp: CFO, CCO, Treasury and Secretary Brian H. Oswald bought 25,000 shares

On Dec. 9, Oswald bought 25,000 shares at an average price of $6.77. The price of the stock has decreased by 1.92%. Prospect Capital Corp. has a market cap of $2.36 billion and its shares were traded at around $6.64. The company has a P/E ratio of 8.22 and P/S ratio of 3 with a dividend yield of 15.88%. Over the past 10 years, Prospect Capital had an annual average earnings growth of 6.60%.

Prospect Capital announced its 2015 third-quarter results with revenues and gross profit of $158.29 million; the net income was $27.82 million. The 2015 total revenue and gross profit was $620.42 million, a 7% increase from the 2014 total revenue and gross profit. The 2015 net income was $346.34 million.

On Dec. 9, Chief Operating Officer M Grier Eliasek bought 30,000 shares at an average price of $6.79. The price of the stock has decreased by 2.21%. On Dec. 9, CEO John F. Barry bought 150,000 shares at an average price of $6.71. The price of the stock has decreased by 1.04%. On Nov. 11, Director Eugene S. Stark bought 1,000 shares at an average price of $7.3. The price of the stock has decreased by 9.04%.

Energy Transfer Equity LP: Group CFO Jamie Welch bought 50,000 shares

On Dec. 4, Group CFO Jamie Welch bought 50,000 shares at an average price of $15.75. The price of the stock has decreased by 15.3%. Energy Transfer Equity LP has a market cap of $13.94 billion and its shares were traded at around $13.34. The company has a P/E ratio of 17.01 and P/S ratio of 0.31 with a dividend yield of 7.65%. Over the past 10 years, Energy Transfer Equity LP had an annual average earnings growth of 19.20%. GuruFocus rated Energy Transfer Equity LP the business predictability rank of 2.5-star.

Energy Transfer Equity LP announced its 2015 third-quarter results with revenues of $10.62 billion and gross profit of $2.04 billion; the net income was $293 million. The 2014 total revenue was $55.69 billion, a 15% increase from the 2013 total revenue. The 2014 gross profit was $7.30 billion, a 26% increase from the 2013 gross profit. The 2014 net income was $633 million.

On Dec. 9, Director and 10% owner Kelcy L. Warren bought 2,485,000 shares at an average price of $16.62. The price of the stock has decreased by 19.74%. On Dec. 7, Director K. Rick Turner bought 5,000 shares at an average price of $12.9. The price of the stock has increased by 3.41%. On Dec. 4, President John W. Mcreynolds bought 84,667 shares at an average price of $16.14. The price of the stock has decreased by 17.35%.