Co-CEO Long Thomas E purchases 20,000 shares of ET at $15.68; holdings now 4.31M shares
Long Thomas E, as Co-CEO, purchased 20,000 shares at $15.68 on 2024-08-12, increasing his holdings from 4,288,859 shares to 4,308,859 shares. The purchase occurred when the stock trades at $15.58 current price, a -5.2% decline from its 52-week high of $16.44 and near the lower bound of the 52-week range. Energy Transfer LP reported strong absolute fundamentals with $20.7B in quarterly revenue and $1.3B net income, though annual revenue growth declined -12.6% year-over-year. Across his open-market trading history, Long's prior buys averaged +12.8% return over 90 days with a 100.00% win rate, though this cross-ticker track record may not predict performance at ET specifically. The insider's position represents a modest 0.5% increase relative to his prior holdings, an open-market transaction that merits monitoring given his leadership role but the limited scale relative to his existing 4.31M-share stake.