Valeo Financial Advisors LLC Has $3.36 Million Stock Holdings in Energy Transfer LP (NYSE:ET)

Valeo Financial Advisors LLC lowered its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 29.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 180,926 shares of the pipeline company's stock after selling 74,601 shares during the quarter. Valeo Financial Advisors LLC's holdings in Energy Transfer were worth $3,363,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. FMR LLC boosted its position 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 purchasing an additional 5,254,721 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its position in shares of Energy Transfer by 7.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company's stock valued at $469,920,000 after buying an additional 1,723,683 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Energy Transfer by 5.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,776,221 shares of the pipeline company's stock worth $387,416,000 after purchasing an additional 1,093,381 shares during the last quarter. Westwood Holdings Group Inc. grew its position in 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 buying an additional 2,512,060 shares during the last quarter. Finally, Natixis boosted its position in shares of Energy Transfer by 7.1% during the 4th quarter. Natixis now owns 14,619,124 shares of the pipeline company's stock worth $286,389,000 after purchasing an additional 962,800 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

Energy Transfer Stock Up 0.3%

Shares of ET stock traded up $0.05 during midday trading on Tuesday, reaching $17.80. 9,742,760 shares of the stock were exchanged, compared to its average volume of 15,768,963. Energy Transfer LP has a 1 year low of $14.60 and a 1 year high of $21.45. The firm has a market cap of $61.09 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79. The company's 50 day moving average is $17.67 and its two-hundred day moving average is $18.46. The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 1.41.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings data 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 net margin of 5.88% and a return on equity of 11.47%. The company had revenue of $21.02 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the prior 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 research analysts predict that Energy Transfer LP will post 1.46 EPS for the current 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 issued a $0.3275 dividend. This is a positive change from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend was Friday, May 9th. Energy Transfer's payout ratio is 99.24%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. TD Cowen initiated coverage on Energy Transfer in a research report on Monday. They issued a "buy" rating and a $22.00 target price on the stock. Cowen started coverage on Energy Transfer in a research report on Monday. They set a "buy" rating on the stock. Morgan Stanley lifted 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. Wells Fargo & Company decreased their price target on Energy Transfer from $22.00 to $21.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Finally, Citigroup reissued a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.58.

Insider Buying and Selling at Energy Transfer

In other Energy Transfer news, Director James Richard Perry sold 1,369 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $18.48, for a total transaction of $25,299.12. Following the transaction, the director owned 24,523 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate 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.