This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
One final name with some big insider buying is
Energy Transfer Partners (
ETP), which is a publicly traded partnership owning and operating a portfolio of energy assets. Insiders are buying this stock into notable strength, since shares are up 16% so far in 2013.
Energy Transfer Partners has a market cap of $18 billion and an enterprise value of $35 billion. This stock trades at a premium valuation, with a trailing price-to-earnings of 32.30 and a forward price-to-earnings of 20.44. Its estimated growth rate for this year is -45.4%, and for next year it's pegged at 1.7%. This is not a cash-rich company, since the total cash position on its balance sheet is $532 million and its total debt is a whopping $17.41 billion. This stock currently sports a dividend yield of 7%.
bought 20,000 shares, or about $1.03 million worth of stock, at $51.82 per share.
From a technical perspective, ETP is currently trending above its 200-day moving average and just below its 50-day moving average, which is neutral trendwise. This stock has been downtrending over the last month and change, with shares falling from its high of $54.85 a share to its recent low of $50 a share. During that move, shares of ETP have been making mostly lower highs and lower lows, which is bearish technical price action.
If you're bullish on ETP, then look for long-biased trades as long as this stock is trending above some key near-term support levels at $50 or at $49.40, and then once it breaks out back above its 50-day at $51.36 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 1.77 million shares. If that breakout hits soon, then ETP will set up to re-test or possibly take out its next major overhead resistance levels at $53 to its 52-week high at $54.85 a share.
To see more stocks with notable insider buying, check out the
Stocks With Big Insider Buying portfolio on Stockpickr.
-- Written by Roberto Pedone in Delafield, Wis.
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.