Sanctuary Advisors LLC boosted its holdings in Energy Transfer LP (NYSE:ET - Free Report) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 885,959 shares of the pipeline company's stock after purchasing an additional 67,021 shares during the quarter. Sanctuary Advisors LLC's holdings in Energy Transfer were worth $14,220,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Princeton Global Asset Management LLC grew its stake in shares of Energy Transfer by 65.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company's stock valued at $26,000 after purchasing an additional 650 shares during the last quarter. Assetmark Inc. increased its stake in Energy Transfer by 2,138.5% in the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock valued at $28,000 after buying an additional 1,668 shares during the period. HWG Holdings LP purchased a new position in Energy Transfer during the 2nd quarter worth $33,000. Continuum Advisory LLC lifted its stake in shares of Energy Transfer by 44.8% in the 3rd quarter. Continuum Advisory LLC now owns 2,357 shares of the pipeline company's stock worth $40,000 after acquiring an additional 729 shares during the period. Finally, Sugarloaf Wealth Management LLC boosted its holdings in shares of Energy Transfer by 43.6% in the third quarter. Sugarloaf Wealth Management LLC now owns 2,472 shares of the pipeline company's stock valued at $40,000 after acquiring an additional 750 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.
Energy Transfer Price Performance
ET stock traded down $0.17 during midday trading on Friday, hitting $19.04. 10,819,203 shares of the stock were exchanged, compared to its average volume of 13,666,156. The stock's 50-day moving average price is $17.58 and its 200-day moving average price is $16.53. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08. The stock has a market cap of $65.19 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.63 and a beta of 1.70. Energy Transfer LP has a fifty-two week low of $13.54 and a fifty-two week high of $20.02.
Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $21.59 billion. During the same quarter in the previous year, the company posted $0.31 EPS. The business's revenue was up .2% on a year-over-year basis. Research analysts predict that Energy Transfer LP will post 1.32 earnings per share for the current year.
Energy Transfer Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were paid a dividend of $0.3225 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 6.78%. Energy Transfer's dividend payout ratio (DPR) is 94.85%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on ET shares. Bank of America assumed coverage on shares of Energy Transfer in a report on Thursday, October 17th. They set a "buy" rating and a $20.00 price target for the company. UBS Group increased their target price on Energy Transfer from $22.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, September 18th. Finally, Royal Bank of Canada lifted their price target on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $20.38.
Check Out Our Latest Research Report on Energy Transfer
Energy Transfer Profile
(
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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