5 Large-Cap Stocks with Insider Buying

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

Market Cap as of May 19: $40.25 Billion

Shares of Energy Transfer L.P. (NYSE:ET) have gained 10.20% on a year-to-date basis and the company is valued at $40.25 billion on the open market, as of May 19. Energy Transfer L.P. (NYSE:ET) is one of the top large-cap stocks that insiders are buying right now.

On May 12 Energy Transfer L.P. (NYSE:ET) disclosed that its CEO, Kelcy Warren, purchased 500,000 company shares for a total transaction amount of $6.1 million. On May 15 it was disclosed in a regulatory filing that Warren purchased an additional 1 million shares of the company for a total amount of $12.49 million.

On April 25, Morgan Stanley analyst Robert Kad updated his price target on Energy Transfer L.P. (NYSE:ET) to $17 from $18 and reiterated an Overweight rating on the shares.

As of March 31, Abrams Capital Management is the most prominent investor in Energy Transfer L.P. (NYSE:ET) and owns a position worth $222.3 million.