Traders Buy Large Volume of Call Options on Energy Transfer (NYSE:ET)

Energy Transfer LP (NYSE:ET - Get Free Report) was the recipient of some unusual options trading on Tuesday. Traders bought 1,434,833 call options on the stock. This represents an increase of 3,691% compared to the typical daily volume of 37,846 call options.

Energy Transfer Trading Down 0.2 %

NYSE ET opened at $14.30 on Tuesday. Energy Transfer has a twelve month low of $11.45 and a twelve month high of $14.65. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.85 and a current ratio of 1.05. The stock has a market cap of $44.97 billion, a price-to-earnings ratio of 13.49 and a beta of 1.64. The firm's 50 day moving average price is $13.88 and its two-hundred day moving average price is $13.59.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 7th will be paid a dividend of $0.315 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.81%. This is a positive change from Energy Transfer's previous quarterly dividend of $0.31. Energy Transfer's dividend payout ratio (DPR) is 117.92%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their target price on Energy Transfer from $17.00 to $18.00 in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $16.57.

Institutional Investors Weigh In On Energy Transfer

A number of institutional investors have recently modified their holdings of ET. Bank of New York Mellon Corp boosted its stake in shares of Energy Transfer by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 79,889 shares of the pipeline company's stock valued at $894,000 after buying an additional 3,501 shares during the period. Cibc World Market Inc. lifted its stake in shares of Energy Transfer by 0.6% in the 1st quarter. Cibc World Market Inc. now owns 424,932 shares of the pipeline company's stock valued at $4,755,000 after purchasing an additional 2,403 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of Energy Transfer by 13.7% in the 1st quarter. Blair William & Co. IL now owns 260,824 shares of the pipeline company's stock valued at $2,919,000 after purchasing an additional 31,407 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Energy Transfer by 7.3% in the 1st quarter. Cetera Investment Advisers now owns 159,249 shares of the pipeline company's stock valued at $1,782,000 after purchasing an additional 10,856 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Energy Transfer by 43.0% in the 1st quarter. NewEdge Advisors LLC now owns 192,394 shares of the pipeline company's stock valued at $2,153,000 after purchasing an additional 57,880 shares during the last quarter. Institutional investors and hedge funds own 33.79% of the company's stock.

Energy Transfer Company Profile

Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,945 miles of interstate natural gas pipeline.

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