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| ET Trading Below CFO's Recent Buy PriceBy Energy Stock Channel Staff, Tuesday, May 25, 11:14 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 19, Energy Transfer LP's CFO, Bradford D. Whitehurst, invested $50,681.00 into 5,000 shares of ET, for a cost per share of $10.14. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Tuesday, bargain hunters could buy shares of Energy Transfer LP (NYSE:ET) and achieve a cost basis 1.4% cheaper than Whitehurst, with shares changing hands as low as $9.99 per share. Energy Transfer LP shares are currently trading down about 2.6% on the day. The chart below shows the one year performance of ET shares, versus its 200 day moving average:
Looking at the chart above, ET's low point in its 52 week range is $4.98 per share, with $10.50 as the 52 week high point — that compares with a last trade of $10.03. By comparison, below is a table showing the prices at which ET insider buying was recorded over the last six months:
The current annualized dividend paid by Energy Transfer LP is $0.61/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/10/2021. Below is a long-term dividend history chart for ET, which can be of good help in judging whether the most recent dividend with approx. 5.9% annualized yield is likely to continue.
Free Report: Top 7%+ Dividends (paid monthly)
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