Energy Transfer LP (NYSE:ET) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC decreased its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 92.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,647 shares of the pipeline company's stock after selling 238,473 shares during the period. Ingalls & Snyder LLC's holdings in Energy Transfer were worth $302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Berkley W R Corp boosted its holdings in Energy Transfer by 11.6% in the first quarter. Berkley W R Corp now owns 5,334,494 shares of the pipeline company's stock valued at $83,912,000 after purchasing an additional 555,445 shares during the period. NBC Securities Inc. raised its position in Energy Transfer by 4.3% in the 1st quarter. NBC Securities Inc. now owns 56,366 shares of the pipeline company's stock valued at $886,000 after purchasing an additional 2,326 shares in the last quarter. US Bancorp DE boosted its stake in shares of Energy Transfer by 95.8% in the 4th quarter. US Bancorp DE now owns 145,894 shares of the pipeline company's stock valued at $2,013,000 after buying an additional 71,386 shares during the period. Savant Capital LLC grew its position in shares of Energy Transfer by 19.7% during the fourth quarter. Savant Capital LLC now owns 26,335 shares of the pipeline company's stock worth $363,000 after buying an additional 4,340 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Energy Transfer by 491.3% during the first quarter. Cetera Investment Advisers now owns 1,290,364 shares of the pipeline company's stock worth $20,297,000 after buying an additional 1,072,144 shares during the period. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Energy Transfer Stock Performance

Shares of ET stock traded up $0.14 during mid-day trading on Friday, hitting $16.10. 7,872,503 shares of the stock were exchanged, compared to its average volume of 13,442,986. The stock's fifty day simple moving average is $16.10 and its two-hundred day simple moving average is $15.68. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.00 and a current ratio of 1.18. Energy Transfer LP has a 12-month low of $12.90 and a 12-month high of $16.50. The stock has a market capitalization of $54.26 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 0.42 and a beta of 1.66.

Energy Transfer (NYSE:ET - Get Free Report) last announced its earnings results 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 analyst estimates of $22.01 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.22%. The firm's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. On average, analysts forecast that Energy Transfer LP will post 1.49 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently announced 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 is a positive change from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.95%. Energy Transfer's dividend payout ratio (DPR) is 117.43%.

Analyst Ratings Changes

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

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.