Insiders Seeing Green With ETE At New 52-Week High

In trading on Tuesday, shares of Energy Transfer Equity (ETE) touched a new 52-week high of $68.71/share. That's a 64.69% rise, or $26.99 per share from the 52-week low of $41.72 set back on 11/15/2012. That means at today's intraday high, any investor who purchased ETE stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, ETE has seen 2 different instances of insiders buying over the trailing six month period.

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Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
06/05/2013 Sonia Aube VP Administration & Secretary 173 $57.39 $9,929.12
08/19/2013 Matthew S. Ramsey Director 178 $62.69 $11,180.75

The chart below shows where ETE has traded over the past year, with the 50-day and 200-day moving averages included.

Energy Transfer Equity L P Moving Averages Chart

In afternoon trading on Tuesday, ETE shares are changing hands at $68.40/share, slightly below the new 52-week high.

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