Brown Advisory Inc. Sells 33,110 Shares of Energy Transfer LP (NYSE:ET)

Brown Advisory Inc. reduced its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 509,913 shares of the pipeline company's stock after selling 33,110 shares during the period. Brown Advisory Inc.'s holdings in Energy Transfer were worth $9,479,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ET. United Advisor Group LLC lifted its stake in Energy Transfer by 3.0% in the 4th quarter. United Advisor Group LLC now owns 18,540 shares of the pipeline company's stock valued at $363,000 after purchasing an additional 534 shares during the last quarter. Cannell & Spears LLC raised its holdings in Energy Transfer by 0.4% in the 4th quarter. Cannell & Spears LLC now owns 135,647 shares of the pipeline company's stock valued at $2,657,000 after acquiring an additional 546 shares in the last quarter. Morton Capital Management LLC CA lifted its holdings in shares of Energy Transfer by 1.3% during the 1st 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 period. OneDigital Investment Advisors LLC raised its stake in Energy Transfer by 3.0% during the fourth quarter. OneDigital Investment Advisors LLC now owns 20,389 shares of the pipeline company's stock worth $399,000 after acquiring an additional 596 shares in the last quarter. Finally, Fortis Capital Management LLC grew its stake in shares of Energy Transfer by 1.9% during the fourth quarter. Fortis Capital Management LLC now owns 32,556 shares of the pipeline company's stock worth $638,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

Energy Transfer Price Performance

NYSE:ET traded up $0.01 during mid-day trading on Friday, hitting $17.45. 9,430,584 shares of the stock traded hands, compared to its average volume of 15,795,474. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.41. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $21.45. The company has a market cap of $59.88 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.55 and a beta of 0.79. The business's 50-day moving average price is $17.73 and its 200 day moving average price is $18.44.

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

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 9th were given a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 7.51%. The ex-dividend date was Friday, May 9th. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. Energy Transfer's dividend payout ratio (DPR) is presently 99.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ET. JPMorgan Chase & Co. cut their price target on shares of Energy Transfer from $25.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. 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 decreased their target price on shares of Energy Transfer from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Mizuho raised 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. Finally, TD Cowen began coverage on shares of Energy Transfer in a report on Monday. They set a "buy" rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $22.58.

Insider Buying and Selling at Energy Transfer

In related news, Director James Richard Perry sold 1,369 shares of Energy Transfer stock in a transaction 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 directly owned 24,523 shares of the company's stock, valued at $453,185.04. The trade was a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.28% of the company's stock.

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.