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Shuda Xia
Shuda Xia
Articles (296) 

Weekly Top Insider Buys Highlight for the Week of Sept. 13

The largest Insider Buys this week were for Prudential Financial Inc. (PRU), Keurig Dr Pepper Inc. (KDP), DTE Energy Co. (DTE), and Halliburton Co.

September 15, 2019 | About:

The largest Insider Buys this week were for Prudential Financial Inc. (NYSE:PRU), Keurig Dr Pepper Inc. (NYSE:KDP), DTE Energy Co. (NYSE:DTE) and Halliburton Co. (NYSE:HAL).

Prudential Financial Inc. (NYSE:PRU): Chairman of the Board Charles F. Lowrey bought 7,500 shares

Chairman of the Board Charles F. Lowrey bought 7,500 shares of PRU stock on Sept. 9 at the average price of $83.68. The price of the stock has increased by 7.34% since.

Prudential Financial Inc. is an American international financial services company that focuses on providing insurance, investment management, and other financial services to both retail and institutional customers. The company is part of the Fortune 500 and has clients in more than 40 countries. The company is also the largest insurance company in the United States, with total assets of approximately $1.456 trillion. The company has a market capitalization of $36.11 billion, and as of Sept. 13 it traded at $89.82.

On Sept. 5 Prudential Financial Inc. announced that it has signed an agreement to acquire Assurance IQ Inc., a direct to consumer platform that seeks to transform the client experience for personalized health and financial wellness solutions. The terms of the acquisition include a total upfront consideration of $2.35 billion as well as an additional earnout of up to $1.15 billion in cash and equity.

Keurig Dr Pepper Inc. (NYSE:KDP): Chief Human Resources Officer Mary Beth Denooyer bought 6,000 shares

Chief Human Resources Officer Mary Beth Denooyer bought 6,000 shares of KDP stock on Sept. 10 at the average price of $26.97. The price of the stock has increased by 2.15% since.

Keurig Dr Pepper Inc. is an American beverage conglomerate. Its East-coast division sells coffee, beverages, and Keurig brewers. As of July 2018, the company also sells sodas, juices, and other soft drinks from its Dr. Pepper Snapple division in Texas. The company has a market capitalization of $38.76 billion, and as of Sept. 13 it traded at $27.55.

On Aug. 8 Keurig Dr Pepper Inc. reported financial results for the second quarter of 2019 ended June 30. Net sales increased 196% to $2.81 billion from the same quarter prior year and operating income increased 251% to $587 million from the same quarter prior year. Likewise, earnings per diluted share for the quarter increased 120% to $0.22. These results were significantly impacted by the merger of Keurig Green Mountain and Dr Pepper Snapple Group completed in July of 2018.

DTE Energy Co. (NYSE:DTE): Director Gary Torgow bought 1,537 shares

Director Gary Torgow bought 1,537 shares of DTE stock on Sept. 5 at the average price of $129.95. The price of the stock has decreased by 1.17% since.

DTE Energy Co. is an American diversified energy company that specializes in the development and management of energy related businesses and services. The company’s portfolio also includes non-utility energy businesses focused on power and industrial projects, energy marketing, and natural gas pipelines. The company has a market capitalization of $23.54 billion, and as of Sept. 13 it traded at $128.43.

On Sept. 12 DTE Energy Co. announced that it has opened its first combined dairy renewable natural gas processing and interstate injection facility in Newton, Wisconsin through its subsidiary DTE Biomass Energy. The facility is also the first of its kind in Wisconsin. The site processes raw biogas piped from nearby partner farms to renewable natural gas and injects pipeline quality natural gas directly into the interstate pipeline.

Halliburton Co. (NYSE:HAL): Director William E. Albrecht bought 8,000 shares

Director William E. Albrecht bought 8,000 shares of HAL stock on Sept. 12 at the average price of $19.35. The price of the stock has increased by 4.75% since.

Halliburton Co. is an American international oil field services company with operations in more than 80 countries. The company owns hundreds of subsidiaries, affiliates, branches, brands, and divisions worldwide. The company provides technical products and services for petroleum and natural gas exploration and production such as refineries, pipelines, and chemical plants. The company has a market capitalization of $17.76 billion, and as of Sept. 13 it traded at $20.27.

On Aug. 13 Halliburton Co. announced that its Board of Directors has declared a 2019 third quarter dividend of $0.18 per share on the company’s common stock. The dividend is payable on Sept. 25 to shareholders of record at the close of business on Sept. 4.

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.

  • 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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