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Southern Union Company (SUG) CEO George L Lindemann buys 996 Shares

October 13, 2009 | About:
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Chairman & CEO of Southern Union Company (SUG) George L Lindemann buys 996 shares of SUG on 10/09/2009 at an average price of $20.99 a share.

Southern Union is a natural gas utilities company whose principal line of business is the distribution of natural gas as a public utility through its operating divisions principally in Texas Missouri Florida Pennsylvania Rhode Island and Massachusetts. Southern Union Company has a market cap of $2.48 billion; its shares were traded at around $21.14 with a P/E ratio of 11.76 and P/S ratio of 0.81. The dividend yield of Southern Union Company stocks is 3%. Southern Union Company had an annual average earning growth of 20.3% over the past 10 years.

SUG is in the portfolios of Ron Baron of Baron Funds.

Recent Trades of Southern Union Company by CEO:

  • Buy: Chairman & CEO George L Lindemann bought 1,224 shares of SUG stock on 07/10/2009 at the average price of $16.93; the price of the stock has increased by 24.87% since.


Recent Trades of Southern Union Company by CFO:

  • Buy: SVP & CFO Richard N Marshall bought 98 shares of SUG stock on 07/10/2009 at the average price of $16.93; the price of the stock has increased by 24.87% since.


Recent Trades of Southern Union Company by Directors and Officers:

  • Buy: COO of Division Robert J Hack bought 73 shares of SUG stock on 07/10/2009 at the average price of $16.93; the price of the stock has increased by 24.87% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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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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