Energy Transfer LP $ET Shares Acquired by Inspire Advisors LLC

Inspire Advisors LLC increased its holdings in shares of Energy Transfer LP (NYSE:ET) by 76.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,618 shares of the pipeline company’s stock after acquiring an additional 34,399 shares during the period. Inspire Advisors LLC’s holdings in Energy Transfer were worth $1,443,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC grew its position in Energy Transfer by 93.4% during the fourth quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock worth $481,000 after buying an additional 11,844 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Energy Transfer by 20.0% in the 1st quarter. Bank of New York Mellon Corp now owns 134,509 shares of the pipeline company’s stock worth $2,501,000 after acquiring an additional 22,457 shares during the period. Csenge Advisory Group purchased a new position in Energy Transfer in the 1st quarter valued at approximately $226,000. Kestra Private Wealth Services LLC raised its holdings in Energy Transfer by 21.9% during the first quarter. Kestra Private Wealth Services LLC now owns 216,314 shares of the pipeline company’s stock worth $4,021,000 after purchasing an additional 38,792 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in Energy Transfer by 147.0% during the first quarter. J.W. Cole Advisors Inc. now owns 218,978 shares of the pipeline company’s stock worth $4,071,000 after purchasing an additional 130,339 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Trading Down 0.3%

Shares of ET opened at $16.96 on Tuesday. The stock has a fifty day moving average of $16.94 and a two-hundred day moving average of $17.40. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.92 and a current ratio of 1.15. The company has a market capitalization of $58.22 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.01 and a beta of 0.76. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Wednesday, November 5th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The business had revenue of $19.95 billion for the quarter, compared to analyst estimates of $21.84 billion. Energy Transfer had a return on equity of 11.08% and a net margin of 5.80%.Energy Transfer’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS. As a group, analysts forecast that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Friday, November 7th will be paid a dividend of $0.3325 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 7.8%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s dividend payout ratio is currently 106.40%.

Analyst Ratings Changes

ET has been the topic of a number of research reports. UBS Group reissued a “buy” rating and issued a $22.00 price objective on shares of Energy Transfer in a research note on Wednesday, October 15th. Barclays restated an “overweight” rating and set a $25.00 price objective on shares of Energy Transfer in a research report on Wednesday, October 15th. Scotiabank lowered their target price on Energy Transfer from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 13th. Morgan Stanley dropped their price target on Energy Transfer from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Tuesday, August 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Energy Transfer in a research report on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Energy Transfer presently has an average rating of “Moderate Buy” and an average target price of $22.08.

Insider Buying and Selling at Energy Transfer

In related news, Director Kelcy L. Warren bought 1,350,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were acquired at an average cost of $17.36 per share, with a total value of $23,436,000.00. Following the completion of the transaction, the director owned 69,178,477 shares of the company’s stock, valued at approximately $1,200,938,360.72. The trade was a 1.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.28% of the stock is currently owned by insiders.

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.