Dominion Resources: 3 Different Insiders Have Purchased Shares This Month

| About: Dominion Resources, (D)

Summary

3 insiders purchased Dominion stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

2 of these 3 insiders increased their holdings by more than 10%.

Dominion Resources (NYSE:D) engages in producing and transporting energy in the United States.

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Insider buying during the last 30 days

Here is a table of Dominion's insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Current Ownership Increase In Shares
Helen Dragas Director May 21 3,624 37,613 shares +10.7%
Michele Cardiff VP May 7 295 9,138 shares +3.3%
Michael Szymanczyk Director May 5 5,000 8,979 shares +125.7%
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There have been 8,919 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Dominion's insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
May 2014 8,919 0
April 2014 0 0
March 2014 0 0
February 2014 3,600 0
January 2014 0 0
December 2013 0 0
November 2013 3,249 0
October 2013 0 0
September 2013 0 0
August 2013 864 0
July 2013 0 0
June 2013 286 0
May 2013 335 5,000
April 2013 0 30,000
March 2013 0 0
February 2013 0 0
January 2013 0 0
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There have been 17,253 shares purchased and there have been 35,000 shares sold by insiders since January 2013. The month of May 2014 has seen the most insider buying.

Financials

Dominion reported the first-quarter financial results on April 30 with the following highlights:

Revenue $3.6 billion
Net income $379 million
Cash $228 million
Debt $23.3 billion
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The three insiders purchased their shares after these results.

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(Source: Earnings presentation)

Outlook

Dominion expects second-quarter 2014 operating earnings in the range of 55 cents to 65 cents per share.
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(Source: Earnings presentation)

Competition

Dominion's competitors include American Electric Power (NYSE:AEP), CenterPoint Energy (NYSE:CNP), and NiSource (NYSE:NI). Here is a table comparing these companies.

Company D AEP CNP NI
Market Cap: 39.74B 25.58B 10.29B 11.67B
Employees: 14,500 18,521 8,591 8,477
Qtrly Rev Growth (yoy): 0.03 0.22 0.33 0.30
Revenue: 13.23B 16.18B 8.88B 6.20B
Gross Margin: 0.38 0.37 0.26 0.34
EBITDA: 4.64B 5.29B 1.92B 1.72B
Operating Margin: 0.24 0.21 0.11 0.19
Net Income: 1.67B 1.68B 349.00M 541.30M
EPS: 2.72 3.44 0.81 1.72
P/E: 25.13 15.25 29.56 21.59
PEG (5 yr expected): 3.20 3.18 7.41 2.12
P/S: 3.01 1.60 1.16 1.89
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Dominion has the highest gross margin among these four companies.

Here is a table of these competitors' insider activities this year.

Company Insider buying / shares Insider selling / shares
AEP 0 48,021
CNP 0 10,333
NI 0 65,146
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Only Dominion has seen intensive insider buying during the last 30 days.

Conclusion

There have been three different insiders buying Dominion, and there have not been any insiders selling Dominion during the last 30 days. Two of these three insiders increased their holdings by more than 10%. Dominion has an insider ownership of 0.41%.

The three insiders purchased their shares at prices ranging from $68.99 to $70.97. I believe Dominion could be a good pick below $70.97 based on the intensive insider buying.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in D over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.