1 week Ago By ABMN Staff
Private Advisor Group LLC lifted its stake in shares of Energy Transfer LP ( NYSE:ET – Free Report ) by 13.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 564,336 shares of the pipeline company’s stock after buying an additional 68,945 shares during the period.
Private Advisor Group LLC’s holdings in Energy Transfer were worth $9,154,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also made changes to their positions in the stock. Northwest Financial Advisors acquired a new position in Energy Transfer during the fourth quarter valued at $25,000.
LRI Investments LLC acquired a new position in Energy Transfer during the first quarter valued at $29,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Energy Transfer during the fourth quarter valued at $33,000. Ables Iannone Moore & Associates Inc.
acquired a new position in Energy Transfer during the fourth quarter valued at $34,000. Finally, EdgeRock Capital LLC acquired a new position in Energy Transfer during the second quarter valued at $42,000. 38.
22% of the stock is currently owned by institutional investors and hedge funds. Energy Transfer Stock Down 0.8 % ET stock opened at $15.
89 on Monday. The stock has a market capitalization of $53.55 billion, a P/E ratio of 14.
58, a P/E/G ratio of 0.47 and a beta of 1.66.
The firm has a 50-day simple moving average of $16.10 and a 200-day simple moving average of $15.75.
The company has a quick ratio of 0.92, a current ratio of 1.14 and a debt-to-equity ratio of 1.
38. Energy Transfer LP has a 52 week low of $12.90 and a 52 week high of $16.
50. Energy Transfer Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were paid a dividend of $0.
32 per share. This represents a $1.28 annualized dividend and a yield of 8.
06%. The ex-dividend date of this dividend was Friday, August 9th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.
32. Energy Transfer’s dividend payout ratio is currently 117.43%.
Wall Street Analysts Forecast Growth A number of research analysts recently issued reports on ET shares. Morgan Stanley boosted their target price on shares of Energy Transfer from $19.00 to $20.
00 and gave the company an “overweight” rating in a research report on Monday, June 10th. Mizuho upped their price objective on shares of Energy Transfer from $19.00 to $20.
00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. JPMorgan Chase & Co. upped their price objective on shares of Energy Transfer from $19.
00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Finally, UBS Group upped their price objective on shares of Energy Transfer from $23.
00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock.
According to MarketBeat, Energy Transfer has an average rating of “Moderate Buy” and a consensus price target of $19.29. Read Our Latest Report on ET Insider Activity at Energy Transfer In other Energy Transfer news, CEO Thomas E.
Long acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $15.68 per share, with a total value of $313,600.
00. Following the purchase, the chief executive officer now owns 4,308,859 shares in the company, valued at $67,562,909.12.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . In other Energy Transfer news, CEO Thomas E. Long acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th.
The stock was bought at an average price of $15.68 per share, with a total value of $313,600.00.
Following the purchase, the chief executive officer now owns 4,308,859 shares in the company, valued at $67,562,909.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link .
Also, Director Kelcy L. Warren acquired 3,000,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $15.
68 per share, with a total value of $47,040,000.00. Following the purchase, the director now owns 123,385,650 shares in the company, valued at approximately $1,934,686,992.
The disclosure for this purchase can be found here . In the last quarter, insiders acquired 3,040,000 shares of company stock valued at $47,667,200. Corporate insiders own 3.
28% of the company’s stock. Energy Transfer Company Profile ( Free Report ) 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. Featured Articles Receive News & Ratings for Energy Transfer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer and related companies with MarketBeat.com's FREE daily email newsletter .
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