Energy Transfer LP (NYSE:ET) Director James Richard Perry Purchases 25,892 Shares

Energy Transfer LP (NYSE:ET) Director James Richard Perry purchased 25,892 shares of Energy Transfer stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average cost of $13.52 per share, for a total transaction of $350,059.84. Following the purchase, the director now directly owns 25,892 shares in the company, valued at $350,059.84. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

James Richard Perry also recently made the following trade(s):

• On Friday, June 13th, James Richard Perry sold 1,369 shares of Energy Transfer stock. The shares were sold at an average price of $18.48, for a total transaction of $25,299.12.

Energy Transfer Trading Down 1.3%

ET opened at $17.91 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 1.41. The firm has a market cap of $61.45 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 0.59 and a beta of 0.78. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $21.45. The stock has a fifty day moving average price of $17.41 and a 200-day moving average price of $18.57.

Energy Transfer (NYSE:ET) last announced its earnings results on Tuesday, May 6th. The pipeline company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $21.02 billion during the quarter, compared to the consensus estimate of $22.28 billion. Energy Transfer had a net margin of 5.88% and a return on equity of 11.47%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. As a group, equities research analysts anticipate that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 9th were paid a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 7.32%. The ex-dividend date of this dividend was Friday, May 9th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s payout ratio is 99.24%.

Institutional Investors Weigh In On Energy Transfer

Several institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. lifted its holdings in shares of Energy Transfer by 12.9% during the 1st quarter. Alps Advisors Inc. now owns 75,353,994 shares of the pipeline company’s stock valued at $1,400,831,000 after purchasing an additional 8,613,645 shares during the last quarter. FMR LLC increased its position in Energy Transfer by 15.7% during the 4th quarter. FMR LLC now owns 38,634,018 shares of the pipeline company’s stock valued at $756,840,000 after buying an additional 5,254,721 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in Energy Transfer by 2.6% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 38,205,495 shares of the pipeline company’s stock valued at $710,240,000 after buying an additional 951,656 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its holdings in Energy Transfer by 0.8% in the first quarter. Kayne Anderson Capital Advisors LP now owns 24,170,455 shares of the pipeline company’s stock worth $449,329,000 after acquiring an additional 182,705 shares in the last quarter. Finally, Energy Income Partners LLC grew its stake in shares of Energy Transfer by 12.0% during the first quarter. Energy Income Partners LLC now owns 23,120,066 shares of the pipeline company’s stock worth $429,802,000 after acquiring an additional 2,471,401 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ET shares. JPMorgan Chase & Co. decreased their price target on shares of Energy Transfer from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, May 19th. UBS Group restated a “buy” rating on shares of Energy Transfer in a report on Tuesday, March 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $23.00 target price on shares of Energy Transfer in a report on Tuesday, March 25th. Citigroup reissued a “buy” rating on shares of Energy Transfer in a research report on Monday, March 24th. Finally, Morgan Stanley lifted their price objective on Energy Transfer from $20.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Energy Transfer currently has an average rating of “Moderate Buy” and an average target price of $22.64.

Energy Transfer Company 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.