Recent Stock Purchase September 2018

With three weeks of September in the rear view mirror it is time, once again, to highlight my recent stock purchase. As market volatility remains the flavor of the day we are being presented with some pretty good buying opportunities if you can stomach these wild up and down swings. Of course, if you have a long term horizon for your investment plan then over time these wild gyrations will be smoothed out and these daily ups and downs should not be much cause for concern. Keep investing, stay diversified and try not to get shaken out of the market when things really do dive. I always state that I make my monthly buys no matter what’s going on in the market or the world for that matter and this month is no exception. With that being said let’s take a look at my September stock buy. Sticking to my September 2018 Stock Considerations:

 

I have added to my ROTH account 10 shares at $70.10 for a total investment of $706.95 in Dominion Energy, Inc. (D). This is a new holding in my ROTH. I also hold 94 shares of D in my taxable account with a market value of $6,610.08.

 

When the market makes new highs it seems that utilities go on sale. Of course, I don’t pay much attention to daily, weekly or even monthly gyrations it’s the long term outlook that helps me base current buys. As mentioned in my September 2018 Stock Considerations I am also considering adding a new holding to my portfolio, PPL Corporation (PPL). Still haven’t pulled the trigger on that one but with another week plus left of trading days in September I may.

 

What do you think about my recent buy? Are you looking at any utilities in September? What are you buying? Please let me know below.

Disclosure: Long D

17 Comments

  1. I also added myself with 10 more shares of D ?, I got some PPL in my Roth last month. I am now eying again potentially more BIP, ENB too. Thanks for sharing!

    1. Hi Stepstofi,

      Nice to see others looking into the utility space as well. It’s one of the lagging sectors for 2018 along with many food staples. Happy to be a fellow shareholder.

  2. I love Dominion. One of my largest holdings. Just checked my account and see I got my quarterly dividend this morning.

    Anyway, I haven’t been buying much. With stocks rising to new highs, I have been sitting back letting the market and companies do the work for me by the market going higher and the companies paying me more and more on a regular basis.

    It’s about as passive as it gets.

    1. Hi DD,

      Passive indeed. Nothing wrong with keeping your hands off your portfolio for the time being. Just let it do what it does best which is generate passive income. Seems like the more we buy and sell the worse off our portfolio becomes. Even at all time highs there are always some laggards not participating.

    1. Hi dividendsandhobbies,

      I’m still warm on PPL though it does look very attractive to me, especially under $30. It would be my fourth utility if I decide to initiate a position. Always happy to know others are invested in it and see the benefits of this quality utility.

  3. nice buy Keith.

    Here in Canada the utilities dropped with news of interest rate hikes awhile back and still havent recovered.

    It seems to be one of the best valued sectors to buy at the moment.

    keep stacking those divs!
    cheers

    1. Hi Passivecanadianincome,

      Interest rates, bonds and other factors always have a negative influence on utility prices. To me, that signals an opportunity to buy into high quality names with juicy yields and just get paid to wait. The div stacking will continue!

  4. Keith, nice buy! The utilities sector is one of the underrepresented sectors of my own portfolio, so maybe I’ll have to look into that, haha. Dominion definitely is one of the more popular utility stocks among dividend growth investors, isn’t it? 🙂

    1. Hi SD,

      D is definitely a popular utility for most long haul dividend growth investors. D, SO and ED are my three utility plays. I still am considering a fourth, PPL. D offers a nice size yield at current levels which is why I decided to nibble a bit.

  5. Utilities are always a solid buy. I hold ED and PPL myself. ED is slowly coming off a high streak so hopefully I can pull the trigger on that one again soon.

    1. Hi MR,

      Nothing exciting about utilities but they do offer very stable and growing dividends for the long haul investor. They can make a solid foundation to any DGI portfolio.

    1. Hi DG,

      I happen to agree. I still like my ED and SO and continuing to look at PPL as well, but D seems like one of the more ‘solid’ bets at these levels.

  6. Keith,

    Congrats on adding D. We are fellow shareholders here, like you I purchase some D in September.

    Cheers

    Happy dividend hunt

    Dividend Pursuit

    1. Hi DP,

      Always happy to hear about others buying into D. Seems like a solid utility for the long haul and especially attractive at these levels. Thanks for commenting.

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