HomeMarket NewsTop Buys by Directors: McCrea III's $659.5K Bet on ET

Top Buys by Directors: McCrea III's $659.5K Bet on ET

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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money โ€” maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $659.5K by Marshall S. McCrea III, Co-CEO at Energy Transfer LP (Symbol: ET).

Purchased Insider Title Shares Price/Share Value
12/12/2023 Marshall S. McCrea III Co-CEO 50,000 $13.19 $659,500.00

McCrea IIIโ€™s average cost works out to $13.19/share. Shares of Energy Transfer LP were changing hands at $15.47 at last check, trading up about 0.2% on Thursday. The chart below shows the one year performance of ET shares, versus its 200 day moving average:

Energy Transfer LP Chart

Looking at the chart above, ETโ€™s low point in its 52 week range is $12.31 per share, with $16.40 as the 52 week high point โ€” that compares with a last trade of $15.47.

The current annualized dividend paid by Energy Transfer LP is $1.27/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/10/2024. 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. 8.2% annualized yield is likely to continue.


nslideshow Click here to find out which other top insider buys by company directors you need to know about ยป

Also see:

ย• Stockholder Letter
ย• Top Ten Hedge Funds Holding ARYD
ย• EFSC Next Dividend Date

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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