Benzinga - by AJ Fabino, Benzinga Staff Writer.
Over the past month, Benzinga spotlighted an increasing bullish sentiment towards a particular stock via insider trades.
Four executives, including the Co-CEO and Executive Chairman, increased their stake at Energy Transfer LP Unit (NYSE: ET) over the last four weeks, purchasing shares as the stock has gained nearly 6% over the same time frame.
Insider Trades In Focus: On Sept. 6, Marshall McCrea III, the co-CEO, bought 50,000 shares at $13.79, totaling $689.5K. It followed an earlier purchase on Sept. 5, of 50,000 shares at $13.64, totaling $682K.
Bradford Whitehurst, EVP, bought 10,000 shares at $13.00 on Aug. 23, costing $130,000.
Meanwhile, Kelcy Warren, the executive chairman, bought 3 million shares between Aug. 16-20 at an average price of $12.96, a $38.89 million investment.
Additionally, Warren reported a total of eight insider trades this year, all of which were Buys.
What’s particularly of interest to investors, beyond the insider trades, is the potential monthly income from the company's dividends.
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By The Numbers: Based on Energy Transfer’s current share price and its dividend yield, here's what potential monthly earnings could look like for investors.
To bring in a monthly dividend income of $500, an investor would need to park around $66,815.14 into the stock, translating to roughly 4,842 shares.
For those with a tighter budget, a monthly dividend of $100 would work with an investment of $13,363.03, or 969 shares.
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. If the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
ET Price action: Shares of Energy Transfer are trading 1.36% higher to $13.76, according to Benzinga Pro.
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