Energy Transfer (ET) Co-Founder Bets $15 Million Near 52-Week High

Kelcy Warren, co-founder of Energy Transfer (ET), purchased 1 million units at $21.27 near the partnership’s 52-week high during August 18-19, totaling $15 million. Energy Transfer reported a Q2 EPS of $0.59, which surpassed estimates by 59%, and raised its full-year EBITDA guidance to between $18.8 billion and $19.1 billion. The stock's forward P/E ratio is 13 with a yield of 6.4%. As the company’s units have increased by 35.6% year-to-date and are currently trading at around $21.26, this significant insider buy suggests strong confidence in the company’s fundamentals, which may influence market sentiment positively for investors.