GSA Capital Partners LLP Grows Holdings in Energy Transfer LP (NYSE:ET)

GSA Capital Partners LLP grew its holdings in Energy Transfer LP (NYSE:ET - Free Report) by 59.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,357 shares of the pipeline company's stock after purchasing an additional 33,342 shares during the period. GSA Capital Partners LLP's holdings in Energy Transfer were worth $1,434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Energy Transfer by 12.7% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 36,668,846 shares of the pipeline company's stock valued at $594,769,000 after buying an additional 4,141,715 shares during the period. International Assets Investment Management LLC boosted its position in shares of Energy Transfer by 1,491.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,175,731 shares of the pipeline company's stock valued at $67,020,000 after purchasing an additional 3,913,266 shares during the period. Natixis boosted its position in shares of Energy Transfer by 20.0% in the 1st 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 during the period. Payden & Rygel Investment Group acquired a new stake in shares of Energy Transfer in the 1st quarter valued at about $20,164,000. Finally, Pathway Financial Advisers LLC boosted its position 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 period. Institutional investors and hedge funds own 38.22% of the company's stock.

Insider Activity at Energy Transfer

In other news, EVP Gregory G. Mcilwain acquired 20,000 shares of the firm's stock in a transaction that occurred 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 purchase, the executive vice president now directly owns 591,211 shares of the company's stock, valued at $9,270,188.48. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.28% of the stock is currently owned by company insiders.

Energy Transfer Stock Performance

Shares of NYSE ET traded up $0.09 during mid-day trading on Thursday, hitting $17.19. The company had a trading volume of 3,816,894 shares, compared to its average volume of 13,329,984. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.92. The business's 50-day simple moving average is $16.37 and its 200-day simple moving average is $16.08. Energy Transfer LP has a 12 month low of $13.11 and a 12 month high of $17.71. The firm has a market cap of $58.86 billion, a P/E ratio of 12.65, a PEG ratio of 0.52 and a beta of 1.66.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $20.77 billion for the quarter, compared to analysts' expectations of $21.59 billion. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. Energy Transfer's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. As a group, analysts predict that Energy Transfer LP will post 1.34 earnings per share for the current fiscal year.

Energy Transfer Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Friday, November 8th will be paid a $0.3225 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.29 annualized dividend and a yield of 7.50%. Energy Transfer's dividend payout ratio (DPR) is currently 94.85%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Bank of America assumed coverage on Energy Transfer in a research report on Thursday, October 17th. They set a "buy" rating and a $20.00 price objective for the company. UBS Group raised their price target on Energy Transfer from $22.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. Finally, Royal Bank of Canada raised their price target on Energy Transfer from $19.00 to $20.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Energy Transfer currently has a consensus rating of "Buy" and a consensus price target of $20.00.

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.