&Partners Acquires 21,879 Shares of Energy Transfer LP (NYSE:ET)

&PARTNERS lifted its holdings in Energy Transfer LP (NYSE:ET - Free Report) by 215.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,011 shares of the pipeline company's stock after acquiring an additional 21,879 shares during the quarter. &PARTNERS's holdings in Energy Transfer were worth $519,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Northwest Financial Advisors bought a new position in shares of Energy Transfer in the fourth quarter worth about $25,000. LRI Investments LLC bought a new position in Energy Transfer in the 1st quarter worth approximately $29,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Energy Transfer during the 4th quarter worth $33,000. Ables Iannone Moore & Associates Inc. bought a new position in Energy Transfer in the 4th quarter valued at $34,000. Finally, EdgeRock Capital LLC acquired a new stake in shares of Energy Transfer in the 4th quarter valued at $37,000. 38.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In related news, Director Kelcy L. Warren purchased 3,000,000 shares of Energy Transfer stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $15.68 per share, for a total transaction of $47,040,000.00. Following the completion of the acquisition, the director now directly owns 123,385,650 shares of the company's stock, valued at $1,934,686,992. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Thomas E. Long acquired 20,000 shares of the firm's stock in a transaction that occurred on Monday, August 12th. 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 acquisition, the chief executive officer now owns 4,308,859 shares in the company, valued at $67,562,909.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kelcy L. Warren bought 3,000,000 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $15.68 per share, for a total transaction of $47,040,000.00. Following the transaction, the director now owns 123,385,650 shares in the company, valued at approximately $1,934,686,992. The disclosure for this purchase can be found here. 3.28% of the stock is currently owned by company insiders.

Energy Transfer Trading Up 1.3 %

NYSE:ET traded up $0.20 during trading hours on Friday, hitting $16.15. The stock had a trading volume of 8,542,490 shares, compared to its average volume of 13,553,185. The business's 50 day moving average is $16.06 and its 200-day moving average is $15.62. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.00 and a current ratio of 1.18. The company has a market cap of $54.43 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 0.42 and a beta of 1.66. Energy Transfer LP has a one year low of $12.90 and a one year high of $16.50.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The pipeline company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). The firm had revenue of $20.73 billion during the quarter, compared to the consensus estimate of $22.01 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.22%. Energy Transfer's quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. Sell-side analysts anticipate that Energy Transfer LP will post 1.49 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.93%. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio (DPR) is currently 117.43%.

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.