Energy Transfer Partners LP (ETP)

[Prudent Capitalist]

Heavy Insider Buying here right now:

Here's a look at a few notable insider purchases reported in the past week.

Energy Transfer Partners

Energy Transfer Partners LP (NYSE: ETP) saw CEO Kelcy Warren step up to the buy window again this past week. The more than 1.63 million shares of this natural gas and propane company acquired, at per-share prices ranging from $22.22 to $22.65, cost him more than $36.74 million. Warren also purchased over 360,000 shares the previous week.

The more recent purchase came right around the time of news of a pipeline burst in Beaver County, Pennsylvania. The stock ended the week trading at $22.27, still within the above purchase price range. The stock has changed hands between $15.06 and $24.38 in the past year, and the analyst's mean price target is $26.56.

Energy Transfer Equity

A Energy Transfer Equity LP (NYSE: ETE) director more than double his stake last week. The 100,000 shares acquired of this so-called sister company of Energy Transfer Partners, at per-share prices between $17.40 and $17.77, cost him more than $1.76 million. This director also bought a smaller batch of the shares in the prior week.

Energy Transfer Equity and its sister company expect their merger to be completed in October. Its shares rose more than 2 percent but gave up that gain in the past week. They were last seen trading at $17.47. Here too, that level was within the director's purchase price range. The stock has traded as high as $19.34 in the past year, but the analysts' mean price target is $21.44.