Energy Transfer LP (NYSE:ET) Shares Acquired by Baugh & Associates LLC

Baugh & Associates LLC increased its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 39.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,000 shares of the pipeline company's stock after buying an additional 33,604 shares during the period. Energy Transfer comprises 1.1% of Baugh & Associates LLC's portfolio, making the stock its 29th largest holding. Baugh & Associates LLC's holdings in Energy Transfer were worth $2,084,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Energy Transfer by 15.7% during the fourth quarter. FMR LLC now owns 38,634,018 shares of the pipeline company's stock worth $756,840,000 after purchasing an additional 5,254,721 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Energy Transfer by 7.7% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company's stock worth $469,920,000 after acquiring an additional 1,723,683 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Energy Transfer by 5.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,776,221 shares of the pipeline company's stock valued at $387,416,000 after purchasing an additional 1,093,381 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in Energy Transfer by 18.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 16,331,220 shares of the pipeline company's stock valued at $319,929,000 after acquiring an additional 2,512,060 shares during the last quarter. Finally, Natixis lifted its stake in shares of Energy Transfer by 7.1% in the 4th quarter. Natixis now owns 14,619,124 shares of the pipeline company's stock valued at $286,389,000 after purchasing an additional 962,800 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Stock Up 3.0%

ET traded up $0.53 on Thursday, reaching $18.20. The company's stock had a trading volume of 14,037,866 shares, compared to its average volume of 15,730,263. Energy Transfer LP has a 1 year low of $14.60 and a 1 year high of $21.45. The business's 50 day moving average is $17.54 and its 200 day moving average is $18.51. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.12 and a quick ratio of 0.92. The stock has a market cap of $62.45 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.57 and a beta of 0.78.

Energy Transfer (NYSE:ET - Get Free Report) last released its earnings results on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. Energy Transfer had a net margin of 5.88% and a return on equity of 11.47%. The company had revenue of $21.02 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the previous year, the firm earned $0.32 EPS. The company's revenue was down 2.8% on a year-over-year basis. As a group, research analysts forecast that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were issued a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 7.20%. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date was Friday, May 9th. Energy Transfer's payout ratio is 99.24%.

Insider Activity at Energy Transfer

In related news, Director James Richard Perry sold 1,369 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $18.48, for a total transaction of $25,299.12. Following the completion of the sale, the director now owns 24,523 shares of the company's stock, valued at $453,185.04. This represents a 5.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.28% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ET shares. UBS Group reissued a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Wells Fargo & Company lowered their price target on Energy Transfer from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Morgan Stanley boosted their price objective on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Citigroup reaffirmed a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $23.00 price target on shares of Energy Transfer in a research report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Energy Transfer currently has an average rating of "Moderate Buy" and an average target price of $22.64.

About Energy Transfer

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.