Private Capital Advisors Inc. Has $15.65 Million Stock Position in Energy Transfer LP (NYSE:ET)

Private Capital Advisors Inc. increased its stake in Energy Transfer LP (NYSE:ET - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 841,602 shares of the pipeline company's stock after acquiring an additional 17,483 shares during the period. Energy Transfer makes up about 1.9% of Private Capital Advisors Inc.'s holdings, making the stock its 10th largest holding. Private Capital Advisors Inc.'s holdings in Energy Transfer were worth $15,645,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Bank of Montreal Can raised its position in Energy Transfer by 12,090.8% during the fourth quarter. Bank of Montreal Can now owns 12,455,613 shares of the pipeline company's stock worth $244,005,000 after acquiring an additional 12,353,441 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Energy Transfer by 12.9% in the first quarter. Alps Advisors Inc. now owns 75,353,994 shares of the pipeline company's stock worth $1,400,831,000 after acquiring an additional 8,613,645 shares during the last quarter. FMR LLC grew its stake in shares of Energy Transfer by 15.7% during the 4th quarter. FMR LLC now owns 38,634,018 shares of the pipeline company's stock valued at $756,840,000 after buying an additional 5,254,721 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in Energy Transfer during the fourth quarter worth about $79,113,000. Finally, Hsbc Holdings PLC acquired a new stake in Energy Transfer during the 4th quarter worth approximately $50,166,000. 38.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director James Richard Perry sold 1,369 shares of Energy Transfer stock in a transaction dated 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 trade represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $23.00 price target on shares of Energy Transfer in a research note on Tuesday, March 25th. Wells Fargo & Company dropped their price target on Energy Transfer from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Cowen initiated coverage on shares of Energy Transfer in a research note on Monday, July 7th. They issued a "buy" rating on the stock. TD Cowen assumed coverage on shares of Energy Transfer in a research note on Monday, July 7th. They set a "buy" rating and a $22.00 price objective on the stock. Finally, Morgan Stanley upped their target price on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.58.

Energy Transfer Stock Up 0.3%

Shares of ET traded up $0.05 during mid-day trading on Monday, hitting $17.51. 9,923,931 shares of the company's stock were exchanged, compared to its average volume of 15,859,234. 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 LP has a 52 week low of $14.60 and a 52 week high of $21.45. The company has a market cap of $60.07 billion, a PE ratio of 13.26, a P/E/G ratio of 0.55 and a beta of 0.79. The company has a 50-day simple moving average of $17.75 and a 200 day simple moving average of $18.41.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The pipeline company reported $0.36 EPS 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 firm had revenue of $21.02 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the previous year, the firm posted $0.32 EPS. The company's revenue for the quarter was down 2.8% on a year-over-year basis. On average, research analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 9th were issued a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a yield of 7.48%. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, May 9th. Energy Transfer's payout ratio is presently 99.24%.

Energy Transfer 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.