James Richard Perry Buys 25,892 Shares of Energy Transfer LP (NYSE:ET) Stock

Energy Transfer LP (NYSE:ET - Get Free Report) Director James Richard Perry bought 25,892 shares of the business's stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $13.52 per share, for a total transaction of $350,059.84. Following the completion of the transaction, the director now owns 25,892 shares in the company, valued at $350,059.84. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

James Richard Perry also recently made the following trade(s):

• On Friday, June 13th, James Richard Perry sold 1,369 shares of Energy Transfer stock. The stock was sold at an average price of $18.48, for a total transaction of $25,299.12.

Energy Transfer Stock Performance

NYSE ET traded down $0.25 during trading on Tuesday, hitting $17.91. 12,783,378 shares of the company's stock traded hands, compared to its average volume of 15,620,505. The business has a 50 day moving average of $17.38 and a 200-day moving average of $18.57. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.92 and a current ratio of 1.12. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $21.45. The stock has a market capitalization of $61.45 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.59 and a beta of 0.78.

Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly 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 return on equity of 11.47% and a net margin of 5.88%. The firm had revenue of $21.02 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the prior year, the business posted $0.32 earnings per share. The company's revenue was down 2.8% on a year-over-year basis. As a group, equities research analysts anticipate that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were given a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date was Friday, May 9th. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. Energy Transfer's dividend payout ratio (DPR) is 99.24%.

Hedge Funds Weigh In On Energy Transfer

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BROOKFIELD Corp ON increased its position in shares of Energy Transfer by 6.4% during the 1st quarter. BROOKFIELD Corp ON now owns 14,626,020 shares of the pipeline company's stock valued at $271,898,000 after purchasing an additional 875,634 shares during the last quarter. Militia Capital Partners LP raised its stake in shares of Energy Transfer by 37.6% during the first quarter. Militia Capital Partners LP now owns 415,000 shares of the pipeline company's stock worth $7,715,000 after acquiring an additional 113,400 shares in the last quarter. Hodges Capital Management Inc. lifted its holdings in shares of Energy Transfer by 2.2% in the 1st quarter. Hodges Capital Management Inc. now owns 331,178 shares of the pipeline company's stock worth $6,157,000 after acquiring an additional 7,250 shares during the last quarter. Ellsworth Advisors LLC lifted its holdings in shares of Energy Transfer by 4.7% in the 1st quarter. Ellsworth Advisors LLC now owns 114,086 shares of the pipeline company's stock worth $2,121,000 after acquiring an additional 5,132 shares during the last quarter. Finally, Rollins Financial Advisors LLC boosted its stake in shares of Energy Transfer by 18.1% in the 1st quarter. Rollins Financial Advisors LLC now owns 189,842 shares of the pipeline company's stock valued at $3,529,000 after purchasing an additional 29,133 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

Analyst Ratings Changes

ET has been the topic of several analyst reports. Citigroup reiterated a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. Morgan Stanley boosted their target price on Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Wells Fargo & Company cut their target price on Energy Transfer from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Finally, 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. 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.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $22.64.

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.

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