Insider Purchase: Director at $ET Buys 25,892 Shares

Director James Richard Perry purchased 25,892 shares of $ET on November 6, 2023, for approximately $350,059, increasing their holdings by an undisclosed percentage. This contrasts with recent Q1 2025 institutional investor activity, where several large firms including Morgan Stanley, Goldman Sachs, and Abrams Capital Management significantly decreased their positions, while ALPS Advisors Inc increased theirs. Congressional trading of $ET stock has been mixed, with Representative Virginia Foxx reporting both a purchase and a sale in the last six months.

Analysis

A director at Energy Transfer ($ET), James Richard Perry, executed a significant purchase of 25,892 shares on November 6, 2023, for an estimated $350,059, establishing their entire reported holding in this class of stock with this transaction. This director's buy contrasts with the general insider trading pattern for $ET over the preceding six months, which recorded one sale (also by Perry, involving 1,369 shares for an estimated $25,299) and zero other purchases by insiders. Further complicating the investment picture, substantial institutional selling occurred in Q1 2025 (as per recent filings), with Morgan Stanley reducing its $ET position by 24.0 million shares (-25.9%), Goldman Sachs by 13.9 million shares (-15.2%), Abrams Capital Management by 11.6 million shares (-65.2%), and Bank of Montreal by 9.7 million shares (-78.1%). While 584 institutions reportedly added $ET shares against 441 decreasing them in their most recent quarter, the scale of divestment by these large named entities is a key concern. ALPS Advisors Inc. offered a contrary institutional signal by acquiring 8.6 million shares (+12.9%). Congressional trading in $ET remained mixed over the last six months, with Representative Virginia Foxx reporting one purchase (up to $15,000) and one sale (up to $100,000). These developments align with the moderately negative sentiment score of -0.5 for $ET, largely reflecting the weight of institutional outflows.

Key Decisions for Investors

• Investors should weigh the director's recent $350,059 share purchase in $ET as a notable insider confidence signal, but critically compare this against the significant Q1 2025 institutional divestments by major firms such as Morgan Stanley and Goldman Sachs.