Energy Transfer LP (NYSE:ET) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its holdings in shares of Energy Transfer LP (NYSE:ET - Free Report) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,342,953 shares of the pipeline company's stock after acquiring an additional 80,506 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Energy Transfer were worth $21,783,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Rehmann Capital Advisory Group increased its position in shares of Energy Transfer by 2.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 32,080 shares of the pipeline company's stock valued at $505,000 after purchasing an additional 633 shares during the last quarter. Veracity Capital LLC lifted its holdings in shares of Energy Transfer by 2.0% in the 2nd quarter. Veracity Capital LLC now owns 33,575 shares of the pipeline company's stock worth $545,000 after acquiring an additional 659 shares during the last quarter. Sfmg LLC boosted its stake in shares of Energy Transfer by 2.2% in the 1st quarter. Sfmg LLC now owns 31,406 shares of the pipeline company's stock valued at $494,000 after purchasing an additional 674 shares in the last quarter. Morton Capital Management LLC CA grew its holdings in shares of Energy Transfer by 1.6% during the 2nd quarter. Morton Capital Management LLC CA now owns 44,383 shares of the pipeline company's stock valued at $720,000 after purchasing an additional 699 shares during the last quarter. Finally, FinTrust Capital Advisors LLC raised its position in Energy Transfer by 3.6% in the 1st quarter. FinTrust Capital Advisors LLC now owns 20,201 shares of the pipeline company's stock worth $318,000 after purchasing an additional 700 shares during the period. 38.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Energy Transfer Stock Down 1.2 %

Energy Transfer stock traded down $0.20 during trading hours on Tuesday, hitting $15.91. 9,037,353 shares of the stock traded hands, compared to its average volume of 13,520,954. Energy Transfer LP has a one year low of $12.90 and a one year high of $16.50. The company has a market cap of $53.62 billion, a PE ratio of 14.60, a PEG ratio of 0.42 and a beta of 1.66. The firm's 50-day moving average price is $16.08 and its two-hundred day moving average price is $15.64. The company has a current ratio of 1.18, a quick ratio of 1.00 and a debt-to-equity ratio of 1.37.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The pipeline company reported $0.35 earnings per share (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 return on equity of 12.22% and a net margin of 4.85%. Energy Transfer's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. On average, research analysts forecast that Energy Transfer LP will post 1.49 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently disclosed 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 8.05%. The ex-dividend date of this dividend 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 117.43%.

Insider Activity

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

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.