James Richard Perry Sells 1,369 Shares of Energy Transfer LP (NYSE:ET) Stock

Energy Transfer LP (NYSE:ET - Get Free Report) Director James Richard Perry sold 1,369 shares of Energy Transfer stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $18.48, for a total transaction of $25,299.12. Following the sale, the director now directly 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 is accessible through the SEC website.

Energy Transfer Trading Down 1.3%

NYSE ET traded down $0.25 on Tuesday, reaching $17.91. The stock had a trading volume of 12,783,378 shares, compared to its average volume of 15,620,505. The firm has a market capitalization of $61.45 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 0.59 and a beta of 0.78. 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 12-month low of $14.60 and a 12-month high of $21.45. The stock has a fifty day moving average price of $17.38 and a two-hundred day moving average price of $18.57.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. The company had revenue of $21.02 billion for the quarter, compared to analyst estimates of $22.28 billion. Energy Transfer had a return on equity of 11.47% and a net margin of 5.88%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 earnings per share. As a group, sell-side analysts forecast that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th were paid a $0.3275 dividend. This is an increase 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 7.32%. Energy Transfer's payout ratio is 99.24%.

Analyst Upgrades and Downgrades

ET has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of 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 report on Tuesday, March 4th. Citigroup reaffirmed a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. Mizuho lifted their price target on shares of Energy Transfer from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $23.00 price target on shares of Energy Transfer in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Energy Transfer has an average rating of "Moderate Buy" and a consensus price target of $22.64.

Hedge Funds Weigh In On Energy Transfer

Several institutional investors have recently modified their holdings of the business. United Advisor Group LLC grew its stake in shares of Energy Transfer by 3.0% in the fourth quarter. United Advisor Group LLC now owns 18,540 shares of the pipeline company's stock worth $363,000 after acquiring an additional 534 shares in the last quarter. Wealthspire Advisors LLC grew its stake in shares of Energy Transfer by 0.4% during the fourth quarter. Wealthspire Advisors LLC now owns 130,202 shares of the pipeline company's stock worth $2,551,000 after purchasing an additional 535 shares in the last quarter. Cannell & Spears LLC grew its stake in shares of Energy Transfer by 0.4% during the fourth 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 in the last quarter. Capital Advisors Ltd. LLC grew its stake in shares of Energy Transfer by 18.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 3,649 shares of the pipeline company's stock worth $71,000 after purchasing an additional 556 shares in the last quarter. Finally, Indiana Trust & Investment Management Co grew its stake in shares of Energy Transfer by 5.1% during the first quarter. Indiana Trust & Investment Management Co now owns 11,796 shares of the pipeline company's stock worth $219,000 after purchasing an additional 576 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

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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