Energy Transfer LP $ET Shares Acquired by Baugh & Associates LLC

Baugh & Associates LLC boosted its holdings in Energy Transfer LP (NYSE:ET) by 40.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 159,533 shares of the pipeline company’s stock after purchasing an additional 46,131 shares during the period. Energy Transfer comprises 1.3% of Baugh & Associates LLC’s portfolio, making the stock its 29th largest position. Baugh & Associates LLC’s holdings in Energy Transfer were worth $2,492,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ryan Investment Management Inc. acquired a new stake in shares of Energy Transfer during the second quarter worth approximately $31,000. CNB Bank boosted its stake in Energy Transfer by 111.1% during the 2nd 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 during the last quarter. HHM Wealth Advisors LLC boosted its stake 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 valued at $41,000 after acquiring an additional 800 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in Energy Transfer during the 2nd quarter worth $44,000. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Energy Transfer in the 2nd quarter worth about $50,000. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Energy Transfer

In other news, Director Kelcy L. Warren bought 1,000,000 shares of the firm’s stock in a transaction 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 transaction, 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. 3.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ET has been the topic of several research analyst reports. Royal Bank Of Canada raised shares of Energy Transfer to a “moderate buy” rating in a research report on Monday, December 15th. Morgan Stanley cut their price objective on Energy Transfer from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. decreased their target price on Energy Transfer from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. Scotiabank dropped their price target on Energy Transfer from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 13th. Finally, Barclays restated an “overweight” rating and set a $22.00 price objective (down from $25.00) on shares of Energy Transfer in a research note on Monday. Thirteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Energy Transfer Trading Up 1.4%

Shares of NYSE ET opened at $17.39 on Wednesday. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $21.45. The company has a market cap of $59.69 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 0.90 and a beta of 0.66. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 1.50. The stock’s 50 day simple moving average is $16.60 and its 200 day simple moving average is $17.07.

Energy Transfer (NYSE:ET) last issued its earnings results on Wednesday, November 5th. The pipeline company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.06). The company had revenue of $19.95 billion during the quarter, compared to analyst estimates of $21.84 billion. Energy Transfer had a return on equity of 10.71% and a net margin of 5.66%.Energy Transfer’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 earnings per share. Equities research analysts expect that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Friday, November 7th were given a $0.3325 dividend. The ex-dividend date was Friday, November 7th. This represents a $1.33 annualized dividend and a yield of 7.7%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s payout ratio is 106.40%.

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.