Energy Transfer LP (NYSE:ET) Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC increased its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 8.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,754 shares of the pipeline company's stock after acquiring an additional 16,189 shares during the quarter. Mutual Advisors LLC's holdings in Energy Transfer were worth $3,695,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ET. Mountain Hill Investment Partners Corp. acquired a new position in shares of Energy Transfer in the 4th quarter valued at $25,000. Capital A Wealth Management LLC acquired a new position in Energy Transfer in the fourth quarter valued at $26,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Energy Transfer in the fourth quarter valued at about $29,000. United Community Bank acquired a new stake in shares of Energy Transfer during the fourth quarter worth about $35,000. Finally, Tortoise Investment Management LLC grew its holdings in shares of Energy Transfer by 111.1% during 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 last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ET. Royal Bank Of Canada restated an "outperform" rating and set a $23.00 price target on shares of Energy Transfer in a research note on Tuesday, March 25th. JPMorgan Chase & Co. lowered their target price 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. Mizuho increased their price target on shares of Energy Transfer from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, May 20th. Morgan Stanley boosted their target price on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Finally, Wells Fargo & Company decreased 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 ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Energy Transfer currently has an average rating of "Moderate Buy" and a consensus target price of $22.64.

Energy Transfer Price Performance

Shares of Energy Transfer stock traded up $0.04 during trading on Friday, hitting $17.94. 7,052,899 shares of the company were exchanged, compared to its average volume of 15,773,436. The firm has a 50 day moving average price of $17.66 and a 200 day moving average price of $18.47. The stock has a market capitalization of $61.57 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 0.58 and a beta of 0.79. 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 fifty-two week low of $14.60 and a fifty-two week high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last announced its earnings results on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. Energy Transfer had a net margin of 5.88% and a return on equity of 11.47%. The firm had revenue of $21.02 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the previous year, the company posted $0.32 EPS. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current fiscal 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 paid a dividend of $0.3275 per share. The ex-dividend date of this dividend was Friday, May 9th. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 annualized dividend and a dividend yield of 7.30%. Energy Transfer's payout ratio is currently 99.24%.

Insider Activity 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 stock was sold at an average price of $18.48, for a total value of $25,299.12. Following the transaction, the director owned 24,523 shares in the company, valued at approximately $453,185.04. This trade 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 can be accessed through the SEC website. 3.28% of the stock is currently owned by 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.