Energy Transfer LP (NYSE:ET) Shares Bought by Childress Capital Advisors LLC

Childress Capital Advisors LLC increased its holdings in shares of Energy Transfer LP (NYSE:ET - Free Report) by 13.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 639,807 shares of the pipeline company's stock after purchasing an additional 76,350 shares during the period. Energy Transfer makes up approximately 2.9% of Childress Capital Advisors LLC's holdings, making the stock its 10th largest position. Childress Capital Advisors LLC's holdings in Energy Transfer were worth $10,378,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Northwest Financial Advisors acquired a new position in Energy Transfer in the 4th quarter valued at approximately $25,000. LRI Investments LLC acquired a new position in Energy Transfer in the 1st quarter valued at approximately $29,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Energy Transfer in the 4th quarter valued at approximately $33,000. Ables Iannone Moore & Associates Inc. acquired a new position in Energy Transfer in the 4th quarter valued at approximately $34,000. Finally, Adirondack Trust Co. acquired a new position in Energy Transfer in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 38.22% of the company's stock.

Energy Transfer Stock Down 0.7 %

Shares of ET traded down $0.12 during midday trading on Friday, hitting $15.90. The stock had a trading volume of 11,979,780 shares, compared to its average volume of 13,479,544. The company has a 50 day simple moving average of $16.11 and a two-hundred day simple moving average of $15.72. Energy Transfer LP has a twelve month low of $12.90 and a twelve month high of $16.50. The firm has a market cap of $53.58 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 0.47 and a beta of 1.66. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.14 and a quick ratio of 0.92.

Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The pipeline company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). The company 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 5.19% and a return on equity of 12.74%. Energy Transfer's revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. On average, analysts anticipate that Energy Transfer LP will post 1.4 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were issued 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 yield of 8.05%. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio (DPR) is presently 117.43%.

Insider Buying and Selling

In other Energy Transfer news, EVP Gregory G. Mcilwain purchased 20,000 shares of Energy Transfer stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average price of $15.68 per share, for a total transaction of $313,600.00. Following the completion of the acquisition, 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 filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Gregory G. Mcilwain acquired 20,000 shares of Energy Transfer stock in a transaction dated Friday, August 23rd. The stock was bought at an average price of $15.68 per share, for a total transaction of $313,600.00. Following the completion of the acquisition, the executive vice president now directly owns 591,211 shares in the company, valued at approximately $9,270,188.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kelcy L. Warren acquired 3,000,000 shares of Energy Transfer stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $15.68 per share, with a total value 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 disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 3,040,000 shares of company stock worth $47,667,200. Company insiders own 3.28% of the company's stock.

Analyst Upgrades and Downgrades

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