Finance

How Insiders and Institutions are Trading Energy Transfer Partners, L.P. (ETP)

Recent insider trends for Energy Transfer Partners, L.P. (NYSE:ETP) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on ETP is anything to go by, investors should pay attention.

Institutions own 65.85% of Energy Transfer Partners, L.P. (ETP)’s shares. The total value of these holdings, in millions, is $14,647. Among active positions in the latest quarter, 248 holders increased their positions by a total of 103.89 million shares, 214 holders decreased the positions by a total of 34.1 million shares, and 113 holders held their positions. This works out to a net increase in ownership of 69.78 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 74 holders initiated new positions by a total of 6.96 million shares and 57 holders exited their positions by a total of 2.76 million shares. This nets out to an increase of 4.19 million shares and is a bullish sign for ETP.

In the last three months, insiders executed a total of 12 trades. 8 of these were buys and 4 were sells. Insider ownership increased by a total of 45948 shares, which suggests that ETP’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 23 buys and 4 sells, and ownership increased by a net of 3.83 million shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Energy Transfer Partners, L.P. (NYSE:ETP)’s short interest is 9.89 million shares, or % of the float. This represents a decrease of -23% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ETP is a Strong buy, which implies that ETP is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Energy Transfer Partners, L.P. (NYSE:ETP) is undervalued.

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