Energy Transfer LP $ET Shares Bought by Cwm LLC

Cwm LLC grew its stake in shares of Energy Transfer LP (NYSE:ET) by 34.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 195,533 shares of the pipeline company’s stock after buying an additional 50,145 shares during the period. Cwm LLC’s holdings in Energy Transfer were worth $3,355,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ET. Independent Wealth Network Inc. lifted its holdings in Energy Transfer by 2.1% in the 3rd quarter. Independent Wealth Network Inc. now owns 58,886 shares of the pipeline company’s stock valued at $1,010,000 after purchasing an additional 1,183 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Energy Transfer by 0.8% during the third quarter. Inspire Investing LLC now owns 149,668 shares of the pipeline company’s stock valued at $2,568,000 after buying an additional 1,207 shares during the period. Cadent Capital Advisors LLC boosted its position in Energy Transfer by 11.7% during the third quarter. Cadent Capital Advisors LLC now owns 21,446 shares of the pipeline company’s stock worth $368,000 after acquiring an additional 2,243 shares during the last quarter. Jeppson Wealth Management LLC grew its stake in Energy Transfer by 4.9% in the 3rd quarter. Jeppson Wealth Management LLC now owns 19,864 shares of the pipeline company’s stock worth $341,000 after acquiring an additional 934 shares during the period. Finally, World Investment Advisors raised its holdings in Energy Transfer by 0.8% in the 3rd quarter. World Investment Advisors now owns 97,718 shares of the pipeline company’s stock valued at $1,677,000 after acquiring an additional 731 shares during the last quarter. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Kelcy L. Warren purchased 1,000,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was purchased at an average cost of $16.95 per share, for a total transaction of $16,950,000.00. Following the acquisition, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.28% of the company’s stock.

Energy Transfer Stock Performance

NYSE ET opened at $16.50 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.41 and a quick ratio of 1.14. Energy Transfer LP has a 1-year low of $14.60 and a 1-year high of $21.45. The firm has a market capitalization of $56.65 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.99 and a beta of 0.66. The business’s 50-day simple moving average is $16.61 and its 200-day simple moving average is $17.15.

Energy Transfer (NYSE:ET) last posted 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). Energy Transfer had a net margin of 5.66% and a return on equity of 10.71%. The business had revenue of $19.95 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter in the previous year, the business posted $0.32 EPS. The company’s quarterly revenue was down 3.9% on a year-over-year basis. Equities analysts predict that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Friday, November 7th were issued a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Friday, November 7th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s dividend payout ratio (DPR) is presently 106.40%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ET. Royal Bank Of Canada raised Energy Transfer to a “moderate buy” rating in a research report on Monday, December 15th. Barclays restated an “overweight” rating and issued a $25.00 price target on shares of Energy Transfer in a report on Wednesday, October 15th. UBS Group reiterated a “buy” rating and set a $22.00 price objective on shares of Energy Transfer in a report on Wednesday, October 15th. Morgan Stanley lowered their target price on shares of Energy Transfer from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Tuesday, December 2nd. Finally, Jefferies Financial Group set a $17.00 price target on shares of Energy Transfer and gave the stock a “hold” rating in a research report on Tuesday, October 28th. Thirteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.75.

Energy Transfer Profile

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.