Energy Transfer (NYSE:ET) Trading Down 1.7%

Shares of Energy Transfer LP (NYSE:ET - Get Free Report) traded down 1.7% during trading on Tuesday . The company traded as low as $15.79 and last traded at $15.83. 3,652,940 shares were traded during trading, a decline of 73% from the average session volume of 13,385,123 shares. The stock had previously closed at $16.10.

Analyst Upgrades and Downgrades

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

Energy Transfer Trading Down 0.4 %

The business's 50 day moving average price is $16.11 and its two-hundred day moving average price is $15.71. The company has a market capitalization of $54.06 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 0.47 and a beta of 1.66. The company has a current ratio of 1.14, a quick ratio of 0.92 and a debt-to-equity ratio of 1.38.

Energy Transfer (NYSE:ET - Get Free Report) last issued its earnings results on Wednesday, August 7th. The pipeline company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). The company had revenue of $20.73 billion during the quarter, compared to analyst estimates of $22.01 billion. Energy Transfer had a net margin of 5.19% and a return on equity of 12.74%. The business's quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 EPS. On average, equities analysts predict that Energy Transfer LP will post 1.4 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. Shareholders of record on Friday, August 9th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 7.98%. The ex-dividend date was Friday, August 9th. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio is presently 117.43%.

Insider Activity

In other Energy Transfer news, EVP Gregory G. Mcilwain bought 20,000 shares of Energy Transfer stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of $15.68 per share, with a total value of $313,600.00. Following the acquisition, the executive vice president now directly owns 591,211 shares of the company's stock, valued at approximately $9,270,188.48. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Gregory G. Mcilwain purchased 20,000 shares of Energy Transfer stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $15.68 per share, for a total transaction of $313,600.00. Following the transaction, the executive vice president now owns 591,211 shares of the company's stock, valued at approximately $9,270,188.48. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kelcy L. Warren acquired 3,000,000 shares of the stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $15.68 per share, with a total value of $47,040,000.00. Following the completion of the transaction, the director now directly owns 123,385,650 shares of the company's stock, valued at $1,934,686,992. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 3,040,000 shares of company stock valued at $47,667,200. 3.28% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ET. Northwest Financial Advisors acquired a new position in shares of Energy Transfer in the 4th quarter valued at about $25,000. LRI Investments LLC bought a new position in shares of Energy Transfer during the 1st quarter worth approximately $29,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Energy Transfer during the 4th quarter worth approximately $33,000. HWG Holdings LP acquired a new stake in shares of Energy Transfer during the 2nd quarter worth approximately $33,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in shares of Energy Transfer in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 38.22% of the company's stock.

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.