Natixis Advisors LLC Sells 1,750 Shares of Energy Transfer LP (NYSE:ET)

Natixis Advisors LLC reduced its stake in Energy Transfer LP (NYSE:ET) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,493 shares of the pipeline company’s stock after selling 1,750 shares during the quarter. Natixis Advisors LLC’s holdings in Energy Transfer were worth $474,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Energy Transfer by 93.4% in the fourth quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock valued at $481,000 after purchasing an additional 11,844 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Energy Transfer by 20.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 12,090 shares of the pipeline company’s stock worth $237,000 after acquiring an additional 2,032 shares in the last quarter. Sagespring Wealth Partners LLC bought a new stake in Energy Transfer during the fourth quarter worth $381,000. Advisors Capital Management LLC raised its position in Energy Transfer by 1.3% during the fourth quarter. Advisors Capital Management LLC now owns 499,921 shares of the pipeline company’s stock worth $9,793,000 after acquiring an additional 6,191 shares in the last quarter. Finally, Cohen & Steers Inc. raised its position in Energy Transfer by 2.7% during the fourth quarter. Cohen & Steers Inc. now owns 3,060,340 shares of the pipeline company’s stock worth $59,952,000 after acquiring an additional 81,369 shares in the last quarter. 38.22% of the stock is owned by institutional investors.

Energy Transfer Stock Down 0.5%

Energy Transfer stock opened at $17.20 on Tuesday. The firm has a market capitalization of $59.02 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.90 and a beta of 0.83. The stock’s fifty day simple moving average is $17.78 and its 200-day simple moving average is $18.07. Energy Transfer LP has a twelve month low of $14.60 and a twelve month high of $21.45. The company has a current ratio of 1.15, a quick ratio of 0.92 and a debt-to-equity ratio of 1.44.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Wednesday, August 6th. The pipeline company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $19.24 billion for 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 quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. As a group, equities analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Shareholders of record on Friday, August 8th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 7.7%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, August 8th. Energy Transfer’s dividend payout ratio is 102.33%.

Insider Buying and Selling

In other Energy Transfer news, Director James Richard Perry sold 1,369 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $18.48, for a total value of $25,299.12. Following the completion of the transaction, the director directly owned 24,523 shares of the company’s stock, valued at $453,185.04. This represents a 5.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.28% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on ET shares. TD Cowen started coverage on shares of Energy Transfer in a research report on Monday, July 7th. They set a “buy” rating and a $22.00 price objective for the company. Cowen started coverage on shares of Energy Transfer in a research report on Monday, July 7th. They set a “buy” rating for the company. Wells Fargo & Company reduced their price objective on shares of Energy Transfer from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, May 7th. Mizuho increased their price objective on Energy Transfer from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. lowered their price objective on Energy Transfer from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.58.

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.