Wilmington Savings Fund Society FSB Purchases 214,446 Shares of Energy Transfer LP (NYSE:ET)

Wilmington Savings Fund Society FSB lifted its holdings in shares of Energy Transfer LP (NYSE:ET - Free Report) by 1,265.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 231,398 shares of the pipeline company's stock after purchasing an additional 214,446 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Energy Transfer were worth $3,714,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ET. Princeton Global Asset Management LLC increased its holdings in 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 buying an additional 650 shares during the period. Assetmark Inc. raised its position in Energy Transfer by 2,138.5% during the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock valued at $28,000 after purchasing an additional 1,668 shares in the last quarter. HWG Holdings LP bought a new stake in Energy Transfer during the second quarter worth $33,000. Sugarloaf Wealth Management LLC lifted its stake in Energy Transfer by 43.6% during the third quarter. Sugarloaf Wealth Management LLC now owns 2,472 shares of the pipeline company's stock worth $40,000 after purchasing an additional 750 shares during the last quarter. Finally, Continuum Advisory LLC boosted its holdings 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 valued at $40,000 after purchasing an additional 729 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

Energy Transfer Trading Down 0.7 %

Shares of Energy Transfer stock traded down $0.13 during trading on Friday, hitting $19.08. The company's stock had a trading volume of 7,414,909 shares, compared to its average volume of 13,651,103. The stock has a market cap of $65.33 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.63 and a beta of 1.70. Energy Transfer LP has a 52 week low of $13.54 and a 52 week high of $20.02. The stock has a 50-day moving average price of $17.52 and a two-hundred day moving average price of $16.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. The company had revenue of $20.77 billion for the quarter, compared to analyst estimates of $21.59 billion. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. Equities research analysts anticipate that Energy Transfer LP will post 1.32 EPS for the current fiscal year.

Energy Transfer Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were paid a $0.3225 dividend. This represents a $1.29 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend was Friday, November 8th. Energy Transfer's dividend payout ratio (DPR) is presently 94.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group boosted their price target on Energy Transfer from $22.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, September 18th. Royal Bank of Canada increased 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. Finally, Bank of America started coverage on shares of Energy Transfer in a research note on Thursday, October 17th. They issued a "buy" rating and a $20.00 price target on the stock. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Energy Transfer currently has an average rating of "Buy" and an average price target of $20.38.

About Energy Transfer

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.