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Energy Transfer Equity director bought 1.17M shares in recent days

Oct. 15, 2014 12:58 PM ETEnergy Transfer LP Common Units (ET) StockETBy: Carl Surran, SA News Editor1 Comment
  • Energy Transfer Equity (ETE +4.2%) is among the energy sector's biggest gainers after a company director discloses the purchase of more than 1.17M shares at $49.01-$53.55, worth ~$60.5M, during Oct. 9-14.
  • ETE also has been gaining some favorable analyst comment this week: Morgan Stanley reiterates its Overweight rating on the stock and believes recent price weakness has created a buying opportunity, and Baird yesterday upgraded ETE to Outperform as the marketing business is less exposed to falling crude prices than its underlying limited partnership.

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