5 Stocks with Heavy Insider Buying in 2023

1. Energy Transfer L.P. (NYSE:ET)

Number of Hedge Fund Holders: 38

Kelcy L. Warren, Executive Chairman of the Board of Directors of Energy Transfer L.P. (NYSE:ET), bought about 4.5 million shares of Energy Transfer in 2023 as of May 15 in multiple insider purchases. Two of these insider transactions took place in May. The executive bought one million shares of Energy Transfer L.P. (NYSE:ET) at $12.49 on May 15, and 500,000 shares at $12.27.

As of the end of the last quarter of 2022, 38 hedge funds tracked by Insider Monkey had stakes in Energy Transfer L.P. (NYSE:ET), up from 33 hedge funds in the previous quarter. This shows a jump in hedge fund sentiment.

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