Energy Transfer LP (NYSE:ET) Shares Acquired by PYA Waltman Capital LLC

PYA Waltman Capital LLC lifted its stake in Energy Transfer LP (NYSE:ET - Free Report) by 55.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,676 shares of the pipeline company's stock after acquiring an additional 21,678 shares during the period. PYA Waltman Capital LLC's holdings in Energy Transfer were worth $1,128,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ET. Mountain Hill Investment Partners Corp. bought a new position in shares of Energy Transfer in the 4th quarter worth $25,000. Capital A Wealth Management LLC purchased a new position in Energy Transfer during the 4th quarter worth $26,000. Fourth Dimension Wealth LLC purchased a new position in Energy Transfer during the 4th quarter worth $29,000. HWG Holdings LP purchased a new position in Energy Transfer during the 1st quarter worth $38,000. Finally, Tidemark LLC grew its stake in Energy Transfer by 58.9% during the 4th quarter. Tidemark LLC now owns 2,188 shares of the pipeline company's stock worth $43,000 after buying an additional 811 shares during the last quarter. 38.22% of the stock is owned by institutional investors.

Insider Activity at Energy Transfer

In other Energy Transfer news, Director James Richard Perry sold 1,369 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $453,185.04. This represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.28% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on ET. JPMorgan Chase & Co. dropped their target price on Energy Transfer from $25.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. TD Cowen began coverage on Energy Transfer in a research note on Monday, July 7th. They set a "buy" rating and a $22.00 target price on the stock. Mizuho boosted their target price on Energy Transfer from $22.00 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 20th. Citigroup restated a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. Finally, 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 note on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.58.

Energy Transfer Price Performance

NYSE ET traded up $0.01 during trading hours on Friday, reaching $17.45. The company's stock had a trading volume of 9,430,584 shares, compared to its average volume of 15,795,474. The firm has a market capitalization of $59.88 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 0.55 and a beta of 0.79. Energy Transfer LP has a 1-year low of $14.60 and a 1-year 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 company's 50-day moving average is $17.75 and its two-hundred day moving average is $18.43.

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

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th were issued a dividend of $0.3275 per share. The ex-dividend date was Friday, May 9th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 7.51%. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. Energy Transfer's dividend 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.