Hudson Value Partners LLC Acquires New Holdings in Energy Transfer LP (NYSE:ET)

Hudson Value Partners LLC bought a new stake in Energy Transfer LP (NYSE:ET - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 63,775 shares of the pipeline company's stock, valued at approximately $1,024,000.

A number of other hedge funds have also bought and sold shares of ET. Tortoise Capital Advisors L.L.C. increased its position in shares of Energy Transfer by 12.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 36,668,846 shares of the pipeline company's stock worth $594,769,000 after purchasing an additional 4,141,715 shares during the period. International Assets Investment Management LLC increased its stake in Energy Transfer by 1,491.0% in the third quarter. International Assets Investment Management LLC now owns 4,175,731 shares of the pipeline company's stock valued at $67,020,000 after acquiring an additional 3,913,266 shares during the last quarter. Natixis raised its position in Energy Transfer by 20.0% during the first quarter. Natixis now owns 18,020,559 shares of the pipeline company's stock valued at $283,463,000 after purchasing an additional 2,999,300 shares in the last quarter. Payden & Rygel Investment Group acquired a new stake in shares of Energy Transfer in the 1st quarter valued at $20,164,000. Finally, Pathway Financial Advisers LLC increased its stake in shares of Energy Transfer by 1,837.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,338,885 shares of the pipeline company's stock valued at $21,489,000 after purchasing an additional 1,269,778 shares during the last quarter. 38.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ET. Bank of America assumed coverage on Energy Transfer in a research report on Thursday, October 17th. They issued a "buy" rating and a $20.00 target price on the stock. Royal Bank of Canada upped their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Finally, UBS Group upped their target price on Energy Transfer from $22.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, September 18th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $20.00.

Energy Transfer Stock Down 1.8 %

Shares of ET stock traded down $0.31 on Friday, reaching $17.10. 12,984,812 shares of the company were exchanged, compared to its average volume of 13,211,984. Energy Transfer LP has a one year low of $13.01 and a one year high of $17.71. The company has a market cap of $58.52 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.50 and a beta of 1.66. The company has a 50-day moving average of $16.25 and a 200-day moving average of $16.03. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.14 and a quick ratio of 0.92.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $21.59 billion. Energy Transfer had a return on equity of 12.74% and a net margin of 5.19%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share. Analysts anticipate that Energy Transfer LP will post 1.35 earnings per share for the current year.

Energy Transfer Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th will be paid a $0.3225 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.29 dividend on an annualized basis and a yield of 7.54%. Energy Transfer's dividend payout ratio (DPR) is presently 94.85%.

Insider Activity at Energy Transfer

In related news, EVP Gregory G. Mcilwain purchased 20,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average price of $15.68 per share, with a total value of $313,600.00. Following the acquisition, the executive vice president now owns 591,211 shares of the company's stock, valued at $9,270,188.48. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Energy Transfer news, EVP Gregory G. Mcilwain acquired 20,000 shares of the company's stock in a transaction on Friday, August 23rd. The shares were acquired at an average cost of $15.68 per share, with a total value of $313,600.00. Following the completion of the acquisition, the executive vice president now directly owns 591,211 shares in the company, valued at $9,270,188.48. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kelcy L. Warren bought 3,000,000 shares of Energy Transfer stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of $15.68 per share, with a total value of $47,040,000.00. Following the purchase, the director now directly owns 123,385,650 shares of the company's stock, valued at approximately $1,934,686,992. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 3,040,000 shares of company stock worth $47,667,200. 3.28% of the stock is owned by company insiders.

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.