Compound Planning Inc. Sells 31,625 Shares of Energy Transfer LP $ET

Compound Planning Inc. lowered its holdings in shares of Energy Transfer LP (NYSE:ET) by 71.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,904 shares of the pipeline company’s stock after selling 31,625 shares during the period. Compound Planning Inc.’s holdings in Energy Transfer were worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quantum Private Wealth LLC lifted its holdings in shares of Energy Transfer by 0.5% during the second quarter. Quantum Private Wealth LLC now owns 116,515 shares of the pipeline company’s stock valued at $2,112,000 after purchasing an additional 627 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in Energy Transfer by 3.4% during the third quarter. HBK Sorce Advisory LLC now owns 19,018 shares of the pipeline company’s stock valued at $321,000 after buying an additional 628 shares during the last quarter. Magnus Financial Group LLC boosted its holdings in Energy Transfer by 2.0% in the third quarter. Magnus Financial Group LLC now owns 31,430 shares of the pipeline company’s stock worth $539,000 after acquiring an additional 629 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of Energy Transfer by 1.7% in the third quarter. Perigon Wealth Management LLC now owns 39,585 shares of the pipeline company’s stock worth $679,000 after acquiring an additional 644 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its holdings in shares of Energy Transfer by 4.7% during the second quarter. Simon Quick Advisors LLC now owns 14,411 shares of the pipeline company’s stock valued at $261,000 after acquiring an additional 652 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Wall Street Analyst Weigh In

ET has been the topic of several recent analyst reports. Scotiabank reissued an “outperform” rating on shares of Energy Transfer in a research report on Friday, January 16th. Barclays reissued an “overweight” rating and set a $22.00 price target (down from $25.00) on shares of Energy Transfer in a research report on Monday, January 12th. UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a research report on Wednesday, January 7th. Royal Bank Of Canada upgraded Energy Transfer to a “moderate buy” rating in a research note on Monday, December 15th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Energy Transfer in a research note on Wednesday, February 18th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.20.

Energy Transfer Trading Down 1.3%

NYSE:ET opened at $18.86 on Wednesday. The company has a market cap of $64.88 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.50. The company has a 50 day simple moving average of $17.78 and a two-hundred day simple moving average of $17.23. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $19.30.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). The firm had revenue of $25.32 billion during the quarter, compared to analysts’ expectations of $23.56 billion. Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.The business’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter last year, the business earned $0.29 earnings per share. 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 Thursday, February 19th. Stockholders of record on Friday, February 6th were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, February 6th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s payout ratio is currently 110.74%.

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.