Energy Transfer LP (NYSE:ET) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management grew its holdings in shares of Energy Transfer LP (NYSE:ET - Free Report) by 8.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,204 shares of the pipeline company's stock after buying an additional 18,375 shares during the quarter. Brookstone Capital Management's holdings in Energy Transfer were worth $4,540,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ET. United Advisor Group LLC grew its stake in shares of Energy Transfer by 3.0% during the fourth quarter. United Advisor Group LLC now owns 18,540 shares of the pipeline company's stock valued at $363,000 after buying an additional 534 shares during the last quarter. Cannell & Spears LLC raised its holdings in shares of Energy Transfer by 0.4% during the fourth quarter. Cannell & Spears LLC now owns 135,647 shares of the pipeline company's stock worth $2,657,000 after purchasing an additional 546 shares during the last quarter. Morton Capital Management LLC CA boosted its position in Energy Transfer by 1.3% during the first quarter. Morton Capital Management LLC CA now owns 46,382 shares of the pipeline company's stock worth $862,000 after acquiring an additional 593 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Energy Transfer by 3.0% during the 4th quarter. OneDigital Investment Advisors LLC now owns 20,389 shares of the pipeline company's stock worth $399,000 after buying an additional 596 shares in the last quarter. Finally, Fortis Capital Management LLC lifted its stake in shares of Energy Transfer by 1.9% in the 4th quarter. Fortis Capital Management LLC now owns 32,556 shares of the pipeline company's stock worth $638,000 after acquiring an additional 600 shares during the period. Institutional investors own 38.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ET shares. Royal Bank Of Canada restated an "outperform" rating and issued a $23.00 target price on shares of Energy Transfer in a research note on Tuesday, March 25th. Citigroup restated a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. Morgan Stanley raised their target price on shares of Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. TD Cowen began coverage on shares of Energy Transfer in a report on Monday. They set a "buy" rating and a $22.00 target price on the stock. Finally, Mizuho increased their price target on shares of Energy Transfer from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Energy Transfer currently has a consensus rating of "Moderate Buy" and an average target price of $22.58.

Insider Transactions at Energy Transfer

In other news, Director James Richard Perry sold 1,369 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $18.48, for a total transaction of $25,299.12. Following the completion of the transaction, the director owned 24,523 shares in the company, valued at approximately $453,185.04. This represents a 5.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.28% of the company's stock.

Energy Transfer Trading Down 1.0%

Shares of ET stock traded down $0.18 during trading hours on Wednesday, hitting $17.62. The company had a trading volume of 10,048,581 shares, compared to its average volume of 15,781,860. The company's fifty day moving average is $17.69 and its 200 day moving average is $18.46. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45. 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 capitalization of $60.47 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79.

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

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th were paid a dividend of $0.3275 per share. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date was Friday, May 9th. This represents a $1.31 annualized dividend and a yield of 7.43%. Energy Transfer's payout ratio is presently 99.24%.

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.