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

FFG Partners LLC decreased its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,490,113 shares of the pipeline company's stock after selling 160,461 shares during the quarter. Energy Transfer makes up approximately 11.4% of FFG Partners LLC's holdings, making the stock its largest holding. FFG Partners LLC's holdings in Energy Transfer were worth $27,701,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in shares of 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 purchasing an additional 12,353,441 shares during the period. FMR LLC boosted its holdings in Energy Transfer by 15.7% during the fourth quarter. FMR LLC now owns 38,634,018 shares of the pipeline company's stock worth $756,840,000 after buying an additional 5,254,721 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Energy Transfer during the 4th quarter worth about $79,113,000. Hsbc Holdings PLC bought a new stake in shares of Energy Transfer in the 4th quarter valued at about $50,166,000. Finally, Westwood Holdings Group Inc. raised its position in shares of Energy Transfer by 18.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 16,331,220 shares of the pipeline company's stock valued at $319,929,000 after acquiring an additional 2,512,060 shares during the period. Institutional investors own 38.22% of the company's stock.

Energy Transfer Stock Down 0.1%

NYSE:ET traded down $0.02 during trading hours on Wednesday, reaching $17.67. 16,917,817 shares of the stock were exchanged, compared to its average volume of 15,699,168. The stock has a market cap of $60.64 billion, a PE ratio of 13.39, a PEG ratio of 0.57 and a beta of 0.78. Energy Transfer LP has a twelve month low of $14.60 and a twelve month high of $21.45. The firm has a 50 day moving average of $17.53 and a 200 day moving average of $18.52. 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 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The business had revenue of $21.02 billion during the quarter, compared to analysts' expectations of $22.28 billion. Energy Transfer had a net margin of 5.88% and a return on equity of 11.47%. The firm's revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share. On average, equities analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were issued a $0.3275 dividend. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date was Friday, May 9th. This represents a $1.31 annualized dividend and a dividend yield of 7.41%. Energy Transfer's dividend payout ratio (DPR) is presently 99.24%.

Insider Activity

In other 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 value of $25,299.12. Following the completion of the sale, the director now owns 24,523 shares of the company's stock, valued at approximately $453,185.04. This represents a 5.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ET shares. Morgan Stanley boosted their price objective on shares of Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. 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. Royal Bank Of Canada restated an "outperform" rating and issued a $23.00 price objective on shares of Energy Transfer in a research report on Tuesday, March 25th. Wells Fargo & Company reduced their target price on Energy Transfer from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Finally, UBS Group restated a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.64.

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.