Energy Transfer LP $ET Shares Sold by Boston Partners

Boston Partners trimmed its stake in shares of Energy Transfer LP (NYSE:ET) by 44.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,526 shares of the pipeline company’s stock after selling 160,389 shares during the quarter. Boston Partners’ holdings in Energy Transfer were worth $3,581,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ET. Ryan Investment Management Inc. purchased a new position in shares of Energy Transfer in the 2nd quarter valued at about $31,000. Vision Financial Markets LLC purchased a new stake in shares of Energy Transfer during the first quarter worth approximately $33,000. CNB Bank raised its holdings in Energy Transfer by 111.1% in the second quarter. CNB Bank now owns 1,900 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 1,000 shares in the last quarter. Stone House Investment Management LLC purchased a new position in Energy Transfer in the first quarter worth approximately $38,000. Finally, HHM Wealth Advisors LLC grew its holdings in Energy Transfer by 54.4% during the 2nd quarter. HHM Wealth Advisors LLC now owns 2,270 shares of the pipeline company’s stock worth $41,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Insiders Place Their Bets

In other Energy Transfer news, Director Kelcy L. Warren purchased 1,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was purchased at an average price of $16.95 per share, for a total transaction of $16,950,000.00. Following the purchase, the director directly owned 104,577,803 shares in the company, valued at approximately $1,772,593,760.85. This trade represents a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.28% of the stock is currently owned by corporate insiders.

Energy Transfer Stock Up 1.6%

Shares of NYSE ET opened at $16.69 on Friday. The business has a 50-day moving average price of $16.79 and a 200 day moving average price of $17.38. The stock has a market cap of $57.29 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.76. The company has a quick ratio of 0.92, a current ratio of 1.15 and a debt-to-equity ratio of 1.44. Energy Transfer LP has a 52-week low of $14.60 and a 52-week high of $21.45.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Wednesday, November 5th. The pipeline company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). The firm 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%.The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. Equities research analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Friday, November 7th were given a $0.3325 dividend. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, November 7th. This represents a $1.33 annualized dividend and a yield of 8.0%. Energy Transfer’s payout ratio is currently 106.40%.

Wall Street Analysts Forecast Growth

ET has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued an “overweight” rating and issued a $23.00 price objective (up from $21.00) on shares of Energy Transfer in a research report on Tuesday, August 12th. UBS Group reissued a “buy” rating and issued a $22.00 target price on shares of Energy Transfer in a report on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Energy Transfer in a research note on Wednesday, October 8th. Barclays reaffirmed an “overweight” rating and set a $25.00 price target on shares of Energy Transfer in a report on Wednesday, October 15th. Finally, Morgan Stanley dropped their price objective on Energy Transfer from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, August 26th. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.92.

Energy Transfer 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.