Aull & Monroe Investment Management Corp Sells 23,000 Shares of Energy Transfer LP $ET

Key Points

• Aull & Monroe Investment Management Corp reduced its stake in Energy Transfer LP by 21.5%, selling 23,000 shares and holding 84,064 shares worth approximately $1.52 million.
• Energy Transfer's shares have recently decreased by 1.4%, with a 52-week range of $14.60 to $21.45 and a current trading price of $16.44.
• The company announced a quarterly dividend of $0.33 per share, yielding 8.0%, and has a 102.33% dividend payout ratio.

Aull & Monroe Investment Management Corp reduced its stake in Energy Transfer LP (NYSE:ET - Free Report) by 21.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,064 shares of the pipeline company's stock after selling 23,000 shares during the quarter. Aull & Monroe Investment Management Corp's holdings in Energy Transfer were worth $1,524,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ET. Ryan Investment Management Inc. bought a new stake in Energy Transfer during the 2nd quarter worth about $31,000. Vision Financial Markets LLC bought a new stake in Energy Transfer during the 1st quarter worth about $33,000. HWG Holdings LP bought a new stake in Energy Transfer during the 1st quarter worth about $38,000. Stone House Investment Management LLC bought a new stake in Energy Transfer during the 1st quarter worth about $38,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Energy Transfer during the 1st quarter worth about $40,000. 38.22% of the stock is owned by institutional investors.

Insider Activity

In other Energy Transfer news, Director Kelcy L. Warren bought 1,350,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were purchased at an average price of $17.36 per share, for a total transaction of $23,436,000.00. Following the transaction, the director directly owned 69,178,477 shares in the company, valued at approximately $1,200,938,360.72. This trade represents a 1.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.28% of the stock is currently owned by insiders.

Energy Transfer Stock Down 1.4%

Shares of ET opened at $16.44 on Friday. Energy Transfer LP has a 52 week low of $14.60 and a 52 week high of $21.45. The firm has a market cap of $56.43 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The firm's 50-day simple moving average is $17.23 and its 200 day simple moving average is $17.38. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.92 and a current ratio of 1.15.

Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The pipeline company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. Energy Transfer had a net margin of 5.80% and a return on equity of 11.08%. The business had revenue of $19.24 billion for the quarter, compared to analyst estimates of $24.07 billion. During the same quarter in the prior year, the business earned $0.35 EPS. Energy Transfer's quarterly revenue was down 7.2% on a year-over-year basis. On average, analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Friday, August 8th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Friday, August 8th. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. Energy Transfer's dividend payout ratio (DPR) is currently 102.33%.

Analyst Ratings Changes

Several equities research analysts have commented on ET shares. UBS Group reissued a "buy" rating and set a $22.00 price target on shares of Energy Transfer in a research report on Wednesday. TD Cowen assumed coverage on shares of Energy Transfer in a research report on Monday, July 7th. They set a "buy" rating and a $22.00 price target on the stock. Wells Fargo & Company restated an "overweight" rating and set a $23.00 price objective (up from $21.00) on shares of Energy Transfer in a research note on Tuesday, August 12th. Barclays restated an "overweight" rating and set a $25.00 price objective on shares of Energy Transfer in a research note on Wednesday. Finally, Morgan Stanley lowered their price objective on shares of Energy Transfer from $24.00 to $23.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 26th. Thirteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $22.67.

Energy Transfer Company Profile

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.

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