Energy Transfer LP (NYSE:ET) EVP Buys $313,600.00 in Stock

Energy Transfer LP (NYSE:ET - Get Free Report) EVP Gregory G. Mcilwain acquired 20,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average cost of $15.68 per share, for a total transaction of $313,600.00. Following the completion of the purchase, the executive vice president now owns 591,211 shares in the company, valued at approximately $9,270,188.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Energy Transfer Trading Down 0.2 %

Shares of NYSE ET traded down $0.03 on Monday, reaching $16.12. 12,738,483 shares of the company traded hands, compared to its average volume of 13,547,846. The stock has a market capitalization of $54.32 billion, a PE ratio of 14.79, a P/E/G ratio of 0.42 and a beta of 1.66. Energy Transfer LP has a fifty-two week low of $12.90 and a fifty-two week high of $16.50. The company has a current ratio of 1.18, a quick ratio of 1.00 and a debt-to-equity ratio of 1.37. The company has a 50 day moving average of $16.08 and a 200 day moving average of $15.64.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The pipeline company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). The company had revenue of $20.73 billion for the quarter, compared to analyst estimates of $22.01 billion. Energy Transfer had a return on equity of 12.22% and a net margin of 4.85%. The business's revenue for the quarter was up 13.1% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. On average, equities research analysts forecast that Energy Transfer LP will post 1.49 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were given a $0.32 dividend. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.28 annualized dividend and a dividend yield of 7.94%. The ex-dividend date was Friday, August 9th. Energy Transfer's dividend payout ratio (DPR) is 117.43%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Energy Transfer from $19.00 to $20.00 and gave the stock an "overweight" rating in a research report on Thursday, June 20th. Stifel Nicolaus increased their price objective on Energy Transfer from $18.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. Morgan Stanley lifted their price objective on Energy Transfer from $19.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, June 10th. UBS Group upped their target price on shares of Energy Transfer from $23.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, May 15th. Finally, Mizuho raised their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, June 18th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Energy Transfer currently has an average rating of "Moderate Buy" and an average target price of $19.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwest Financial Advisors acquired a new position in shares of Energy Transfer in the 4th quarter valued at about $25,000. LRI Investments LLC purchased a new stake in Energy Transfer during the first quarter worth approximately $29,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Energy Transfer in the fourth quarter worth $33,000. HWG Holdings LP acquired a new position in shares of Energy Transfer during the second quarter worth about $33,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Energy Transfer during the fourth quarter valued at approximately $34,000. 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.