Insider Buying Alert: These 5 Stocks are Seeing Significant Insider Activity

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

Number of Hedge Fund Holders: 35

Energy Transfer L.P. (NYSE:ET) was spotted on 35 investors’ portfolios at the end of Q1 2023. These funds disclosed collective stakes worth $591 million in the company.

This April, 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.

Energy Transfer L.P. (NYSE:ET) is placed second on our list of stocks that are experiencing significant levels of buy-side insider activity. Between May 12 and May 26 the company’s CEO, Kelcy Warren, has purchased 3 million company shares for a total transaction amount of roughly $38 million.

As of March 31, Abrams Capital Management is the most prominent shareholder in the company and has disclosed a position worth $222 million.