Energy Transfer LP (NYSE:ET) Shares Sold by Autumn Glory Partners LLC

Autumn Glory Partners LLC lessened its holdings in shares of Energy Transfer LP (NYSE:ET - Free Report) by 19.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,838 shares of the pipeline company's stock after selling 22,000 shares during the quarter. Autumn Glory Partners LLC's holdings in Energy Transfer were worth $1,652,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. purchased a new position in Energy Transfer in the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC bought a new position in Energy Transfer during the fourth quarter worth $26,000. Fourth Dimension Wealth LLC bought a new position in Energy Transfer during the fourth quarter worth $29,000. United Community Bank acquired a new stake in Energy Transfer in the fourth quarter worth $35,000. Finally, Tortoise Investment Management LLC increased its position in Energy Transfer by 111.1% in the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company's stock worth $37,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 38.22% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ET shares. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Morgan Stanley raised their target price on Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $23.00 target price on shares of Energy Transfer in a research note on Tuesday, March 25th. Citigroup reiterated a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. decreased their price target on Energy Transfer from $25.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.64.

Energy Transfer Stock Down 0.3%

ET opened at $17.88 on Thursday. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45. The business has a 50-day moving average of $17.43 and a 200-day moving average of $18.56. 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 has a market capitalization of $61.36 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 0.58 and a beta of 0.78.

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 for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Energy Transfer had a return on equity of 11.47% and a net margin of 5.88%. The company had revenue of $21.02 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same period last year, the business earned $0.32 EPS. The business's quarterly revenue was down 2.8% on a year-over-year basis. Equities research analysts forecast that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 9th were paid a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 7.33%. 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 dividend payout ratio (DPR) is presently 99.24%.

Insider Activity at Energy Transfer

In related news, Director James Richard Perry sold 1,369 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was 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 of the company's stock, valued at approximately $453,185.04. This trade represents a 5.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.28% of the stock is owned by company insiders.

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.

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