Cambridge Investment Research Advisors Inc. Has $35.46 Million Position in Energy Transfer LP (NYSE:ET)

Cambridge Investment Research Advisors Inc. raised its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,907,199 shares of the pipeline company's stock after purchasing an additional 131,720 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.06% of Energy Transfer worth $35,455,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Childress Capital Advisors LLC increased its stake in Energy Transfer by 1.1% in the first quarter. Childress Capital Advisors LLC now owns 593,403 shares of the pipeline company's stock valued at $11,031,000 after acquiring an additional 6,400 shares during the period. Stonegate Investment Group LLC increased its stake in Energy Transfer by 2.6% in the first quarter. Stonegate Investment Group LLC now owns 35,202 shares of the pipeline company's stock valued at $654,000 after acquiring an additional 882 shares during the period. Advisor Resource Council bought a new stake in Energy Transfer in the first quarter valued at about $738,000. Avior Wealth Management LLC increased its stake in Energy Transfer by 30.2% in the first quarter. Avior Wealth Management LLC now owns 89,078 shares of the pipeline company's stock valued at $1,656,000 after acquiring an additional 20,650 shares during the period. Finally, GFS Advisors LLC increased its stake in Energy Transfer by 16.7% in the first quarter. GFS Advisors LLC now owns 70,000 shares of the pipeline company's stock valued at $1,301,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 38.22% of the company's stock.

Insider Transactions at Energy Transfer

In related news, Director James Richard Perry sold 1,369 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $18.48, for a total value of $25,299.12. Following the transaction, the director now directly owns 24,523 shares in the company, valued at $453,185.04. This represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.28% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ET shares. JPMorgan Chase & Co. reduced their price target on shares of Energy Transfer from $25.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Morgan Stanley boosted their price target on shares of Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. UBS Group restated a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Royal Bank Of Canada restated an "outperform" rating and issued a $23.00 price target on shares of Energy Transfer in a research report on Tuesday, March 25th. Finally, Mizuho boosted 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 investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.64.

Energy Transfer Price Performance

Shares of ET stock traded down $0.20 during trading hours on Monday, reaching $17.65. 14,080,752 shares of the company were exchanged, compared to its average volume of 15,674,654. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45. The stock's fifty day moving average is $17.52 and its two-hundred day moving average is $18.52. The company has a market cap of $60.57 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 0.58 and a beta of 0.78. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.12 and a quick ratio of 0.92.

Energy Transfer (NYSE:ET - Get Free Report) last announced its earnings results on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the prior year, the business earned $0.32 earnings per share. Energy Transfer's quarterly revenue was down 2.8% on a year-over-year basis. Sell-side analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were given a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 7.42%. This is a positive change from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date was Friday, May 9th. Energy Transfer's dividend payout ratio is presently 99.24%.

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.