Pennsylvania Enterprises Inc - Pnt - Brief Article - Statistical Data Included

We have mentioned a resurgence in insider support across the energy sectors-natural gas stocks included. Insiders at Pennsylvania Enterprises, not altogether infrequent buyers in the past, are once more accumulating shares. From January 14 through February 25, seven insiders purchased a combined 45,081 shares at prices ranging from $21.25 to $23.43 per share. Leading the way, Director Ronald Simms purchased 16,000 shares. Not far behind, Vice Chairman William Davis picked up 10,000 shares. Among the remaining buyers, Director Richard Rose purchased 6,150 shares, while President, CEO Thomas Karam and Director Robert Keating picked up 5,000 shares apiece. As mentioned, we have seen insider buying at PNT in the past; indeed the individuals involved have themselves purchased shares before. Given the degree of sector conformation we have encountered of late, not to mention that the stock has proved a solid performer with a dependable yield, the positive insider profile at Pennsylvania Enterprises should not be ove rlooked. PNT is engaged in the sale of natural gas, propane, electricity and other energy-related products and services; the construction, maintenance and rehabilitation of utility facilities; and the sale of property for residential, commercial and other development.

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