Jaffetilchin Investment Partners LLC Has $653,000 Stake in Energy Transfer LP (NYSE:ET)

Jaffetilchin Investment Partners LLC increased its position in Energy Transfer LP (NYSE:ET - Free Report) by 68.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 35,100 shares of the pipeline company's stock after purchasing an additional 14,299 shares during the period. Jaffetilchin Investment Partners LLC's holdings in Energy Transfer were worth $653,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. United Advisor Group LLC boosted 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 worth $363,000 after purchasing an additional 534 shares during the period. Cannell & Spears LLC boosted its stake in Energy Transfer by 0.4% in the 4th quarter. Cannell & Spears LLC now owns 135,647 shares of the pipeline company's stock worth $2,657,000 after purchasing an additional 546 shares during the period. Morton Capital Management LLC CA boosted its stake in Energy Transfer by 1.3% in the 1st quarter. Morton Capital Management LLC CA now owns 46,382 shares of the pipeline company's stock worth $862,000 after purchasing an additional 593 shares during the period. OneDigital Investment Advisors LLC lifted its position in Energy Transfer by 3.0% in the 4th quarter. OneDigital Investment Advisors LLC now owns 20,389 shares of the pipeline company's stock worth $399,000 after buying an additional 596 shares in the last quarter. Finally, NewEdge Wealth LLC lifted its position in Energy Transfer by 0.8% in the 4th quarter. NewEdge Wealth LLC now owns 76,197 shares of the pipeline company's stock worth $1,493,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

Insiders Place Their Bets

In other news, Director James Richard Perry sold 1,369 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $18.48, for a total transaction of $25,299.12. Following the transaction, the director now owns 24,523 shares in the company, valued at approximately $453,185.04. The trade was a 5.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.28% of the company's stock.

Energy Transfer Stock Performance

Shares of ET opened at $18.21 on Friday. The company has a market capitalization of $62.48 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 0.59 and a beta of 0.78. 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 one year low of $14.60 and a one year high of $21.45. The company's fifty day moving average price is $17.58 and its 200 day moving average price is $18.50.

Energy Transfer (NYSE:ET - Get Free Report) last released its 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 firm had revenue of $21.02 billion during the quarter, compared to analyst estimates of $22.28 billion. Energy Transfer had a net margin of 5.88% and a return on equity of 11.47%. The business's revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. As a group, analysts expect that Energy Transfer LP will post 1.46 earnings per share 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 given a dividend of $0.3275 per share. This is a positive change from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.31 dividend on an annualized basis and a yield of 7.20%. Energy Transfer's payout ratio is currently 99.24%.

Analyst Upgrades and Downgrades

ET has been the subject of a number of research analyst reports. UBS Group reiterated a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Morgan Stanley increased their target price on shares of Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. cut their target price on shares of Energy Transfer from $25.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $23.00 target price on shares of Energy Transfer in a research report on Tuesday, March 25th. Finally, Mizuho increased their target price on shares of Energy Transfer from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.64.

Energy Transfer Company 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.

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