Energy Transfer LP (NYSE:ET) Shares Bought by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV raised its position in Energy Transfer LP (NYSE:ET) by 0.5% during the 1st quarter, Holdings Channel reports. The firm owned 307,302 shares of the pipeline company’s stock after acquiring an additional 1,640 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Energy Transfer were worth $3,832,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its position in shares of Energy Transfer by 109,332.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 145,943,387 shares of the pipeline company’s stock valued at $1,732,348,000 after acquiring an additional 145,810,023 shares in the last quarter. Natixis lifted its position in shares of Energy Transfer by 56.4% in the fourth quarter. Natixis now owns 42,600,549 shares of the pipeline company’s stock valued at $505,669,000 after acquiring an additional 15,361,035 shares in the last quarter. Morgan Stanley lifted its position in shares of Energy Transfer by 20.9% in the fourth quarter. Morgan Stanley now owns 76,339,168 shares of the pipeline company’s stock valued at $906,146,000 after acquiring an additional 13,220,435 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in Energy Transfer by 323.6% during the first quarter. Maryland State Retirement & Pension System now owns 2,752,428 shares of the pipeline company’s stock worth $34,323,000 after buying an additional 2,102,618 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Energy Transfer by 13.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,126,047 shares of the pipeline company’s stock worth $203,286,000 after buying an additional 2,005,409 shares during the period. Institutional investors and hedge funds own 33.79% of the company’s stock.

Insider Activity

In related news, CEO Marshall S. Mccrea III bought 50,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was acquired at an average price of $13.79 per share, for a total transaction of $689,500.00. Following the completion of the purchase, the chief executive officer now owns 6,769,267 shares in the company, valued at $93,348,191.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Marshall S. Mccrea III bought 50,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was acquired at an average price of $13.79 per share, for a total transaction of $689,500.00. Following the completion of the purchase, the chief executive officer now owns 6,769,267 shares in the company, valued at $93,348,191.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Kelcy L. Warren acquired 1,150,000 shares of the stock in a transaction on Monday, August 21st. The shares were acquired at an average price of $13.00 per share, with a total value of $14,950,000.00. Following the purchase, the chairman now owns 64,578,477 shares in the company, valued at $839,520,201. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 2,010,000 shares of company stock worth $26,149,000. 3.28% of the stock is currently owned by corporate insiders.

Energy Transfer Trading Up 0.1 %

NYSE:ET traded up $0.02 on Monday, hitting $13.78. 1,456,128 shares of the stock were exchanged, compared to its average volume of 11,466,494. The stock has a market cap of $43.31 billion, a PE ratio of 11.47 and a beta of 1.70. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.28. The stock has a fifty day moving average of $13.11 and a 200-day moving average of $12.78. Energy Transfer LP has a fifty-two week low of $10.02 and a fifty-two week high of $13.87.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.05). Energy Transfer had a return on equity of 11.85% and a net margin of 5.05%. The firm had revenue of $18.32 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the company earned $0.39 earnings per share. The business’s revenue was down 29.4% compared to the same quarter last year. As a group, equities analysts expect that Energy Transfer LP will post 1.21 earnings per share for the current fiscal year.

Energy Transfer Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 14th were paid a $0.31 dividend. The ex-dividend date was Friday, August 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.00%. Energy Transfer’s dividend payout ratio (DPR) is currently 103.33%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating and set a $17.00 target price on shares of Energy Transfer in a research report on Thursday, July 20th. Mizuho increased their target price on Energy Transfer from $17.00 to $18.00 in a research report on Tuesday, July 18th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Energy Transfer has an average rating of “Buy” and an average price target of $16.67.

Energy Transfer Profile

Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,945 miles of interstate natural gas pipeline.