13,127 Shares in Energy Transfer LP $ET Purchased by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. acquired a new position in Energy Transfer LP (NYSE:ET) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,127 shares of the pipeline company’s stock, valued at approximately $238,000.

A number of other hedge funds also recently added to or reduced their stakes in ET. Ryan Investment Management Inc. purchased a new stake in Energy Transfer in the second quarter worth about $31,000. Vision Financial Markets LLC purchased a new stake in shares of Energy Transfer during the first quarter valued at about $33,000. HWG Holdings LP purchased a new stake in shares of Energy Transfer during the first quarter valued at about $38,000. Stone House Investment Management LLC purchased a new stake in shares of Energy Transfer during the first quarter valued at about $38,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Energy Transfer during the first quarter valued at about $40,000. 38.22% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Energy Transfer news, Director Kelcy L. Warren purchased 1,350,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were bought at an average price of $17.36 per share, for a total transaction of $23,436,000.00. Following the acquisition, the director owned 69,178,477 shares in the company, valued at $1,200,938,360.72. This represents a 1.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.28% of the company’s stock.

Energy Transfer Stock Performance

Shares of Energy Transfer stock opened at $17.46 on Monday. The firm has a market capitalization of $59.93 billion, a P/E ratio of 13.53, a PEG ratio of 1.03 and a beta of 0.85. The company has a quick ratio of 0.92, a current ratio of 1.15 and a debt-to-equity ratio of 1.44. The company has a 50 day moving average price of $17.52 and a 200 day moving average price of $17.59. Energy Transfer LP has a 52 week low of $14.60 and a 52 week high of $21.45.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Wednesday, August 6th. The pipeline company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $19.24 billion during the quarter, compared to analyst estimates of $24.07 billion. Energy Transfer had a net margin of 5.80% and a return on equity of 11.08%. Energy Transfer’s revenue was down 7.2% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. Sell-side analysts expect that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Friday, August 8th were issued a $0.33 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, August 8th. This represents a $1.32 annualized dividend and a yield of 7.6%. Energy Transfer’s dividend payout ratio is currently 102.33%.

Analyst Ratings Changes

ET has been the subject of several analyst reports. Cowen initiated coverage on shares of Energy Transfer in a research report on Monday, July 7th. They set a “buy” rating for the company. TD Cowen initiated coverage on shares of Energy Transfer in a research report on Monday, July 7th. They set a “buy” rating and a $22.00 price target for the company. Scotiabank initiated coverage on shares of Energy Transfer in a research report on Tuesday, September 2nd. They set a “sector outperform” rating and a $23.00 price target for the company. Wells Fargo & Company reissued an “overweight” rating and set a $23.00 price target (up from $21.00) on shares of Energy Transfer in a research report on Tuesday, August 12th. Finally, Morgan Stanley decreased their price target on shares of Energy Transfer from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Tuesday, August 26th. Thirteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

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.