Representative Virginia Foxx (R-North Carolina) recently sold shares of Energy Transfer LP NYSE: ET. In a filing disclosed on January 06th, the Representative disclosed that they had sold between $15,001 and $50,000 in Energy Transfer stock on December 6th.
Representative Virginia Foxx also recently made the following trade(s):
- Sold $50,001 - $100,000 in shares of Via Renewables NASDAQ: VIASP on 12/6/2024.
- Purchased $1,001 - $15,000 in shares of American Electric Power NASDAQ: AEP on 12/6/2024.
- Sold $15,001 - $50,000 in shares of FLEX LNG NYSE: FLNG on 12/6/2024.
- Sold $50,001 - $100,000 in shares of Pembina Pipeline NYSE: PBA on 12/6/2024.
- Purchased $1,001 - $15,000 in shares of Bristol-Myers Squibb NYSE: BMY on 12/6/2024.
- Sold $15,001 - $50,000 in shares of Ardmore Shipping NYSE: ASC on 12/6/2024.
- Purchased $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 12/6/2024.
- Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 12/6/2024.
- Sold $15,001 - $50,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 12/6/2024.
- Purchased $1,001 - $15,000 in shares of Duke Energy NYSE: DUK on 12/6/2024.
Energy Transfer Price Performance
Shares of NYSE:ET traded up $0.22 during mid-day trading on Thursday, reaching $19.71. The stock had a trading volume of 9,007,061 shares, compared to its average volume of 16,512,867. The business's 50 day moving average price is $18.67 and its 200 day moving average price is $17.03. Energy Transfer LP has a 1 year low of $13.60 and a 1 year high of $20.02. The company has a market cap of $67.49 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 0.62 and a beta of 1.70. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 1.40.
Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The business had revenue of $20.77 billion for the quarter, compared to analysts' expectations of $21.59 billion. During the same period in the prior year, the firm earned $0.31 EPS. The company's revenue for the quarter was up .2% on a year-over-year basis. Research analysts expect that Energy Transfer LP will post 1.32 EPS for the current fiscal year.
Energy Transfer Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were given a dividend of $0.3225 per share. The ex-dividend date was Friday, November 8th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 6.54%. Energy Transfer's payout ratio is 94.85%.
Institutional Trading of Energy Transfer
Large investors have recently made changes to their positions in the stock. Private Client Services LLC increased its holdings in Energy Transfer by 3.1% during the 4th quarter. Private Client Services LLC now owns 16,915 shares of the pipeline company's stock worth $331,000 after purchasing an additional 511 shares during the period. Chickasaw Capital Management LLC grew its position in shares of Energy Transfer by 2.5% during the 4th quarter. Chickasaw Capital Management LLC now owns 15,738,594 shares of the pipeline company's stock worth $308,319,000 after buying an additional 388,073 shares in the last quarter. Fortem Financial Group LLC increased its stake in shares of Energy Transfer by 2.8% during the fourth quarter. Fortem Financial Group LLC now owns 205,872 shares of the pipeline company's stock valued at $4,033,000 after buying an additional 5,566 shares during the period. Kozak & Associates Inc. raised its holdings in shares of Energy Transfer by 69.6% in the fourth quarter. Kozak & Associates Inc. now owns 5,117 shares of the pipeline company's stock valued at $100,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Capital Market Strategies LLC lifted its stake in Energy Transfer by 4.5% in the fourth quarter. Capital Market Strategies LLC now owns 23,455 shares of the pipeline company's stock worth $459,000 after acquiring an additional 1,000 shares during the period. 38.22% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently weighed in on ET shares. Royal Bank of Canada boosted their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Bank of America initiated coverage on Energy Transfer in a research note on Thursday, October 17th. They set a "buy" rating and a $20.00 price objective on the stock. UBS Group upped their price objective on Energy Transfer from $22.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, September 18th. Wells Fargo & Company lifted their target price on Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Finally, Barclays increased their price target on Energy Transfer from $18.00 to $22.00 and gave the company an "overweight" rating in a report on Friday, December 20th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Energy Transfer presently has a consensus rating of "Moderate Buy" and an average price target of $20.55.
Read Our Latest Analysis on ET
About Representative Foxx
Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina's 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2025. Foxx (Republican Party) is running for re-election to the U.S. House to represent North Carolina's 5th Congressional District. She declared candidacy for the 2024 election. Prior to her election to the U.S. House, Foxx served as a member of the North Carolina State Senate as well as deputy secretary for management for North Carolina. Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985. Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.
Energy Transfer Company Profile
(
Get Free Report)
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.
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