143,100 Shares in Energy Transfer LP $ET Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in shares of Energy Transfer LP (NYSE:ET) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 143,100 shares of the pipeline company’s stock, valued at approximately $2,594,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. One Charles Private Wealth Services LLC lifted its stake in shares of Energy Transfer by 199.6% in the 2nd quarter. One Charles Private Wealth Services LLC now owns 199,670 shares of the pipeline company’s stock valued at $3,620,000 after purchasing an additional 133,024 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Energy Transfer by 0.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 399,646 shares of the pipeline company’s stock valued at $7,246,000 after buying an additional 2,020 shares during the period. Jaffetilchin Investment Partners LLC lifted its position in Energy Transfer by 9.7% during the second quarter. Jaffetilchin Investment Partners LLC now owns 38,504 shares of the pipeline company’s stock valued at $698,000 after buying an additional 3,404 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in Energy Transfer by 10.9% during the second quarter. Insigneo Advisory Services LLC now owns 12,672 shares of the pipeline company’s stock worth $230,000 after buying an additional 1,242 shares during the period. Finally, NFC Investments LLC grew its stake in Energy Transfer by 3.7% during the second quarter. NFC Investments LLC now owns 441,940 shares of the pipeline company’s stock worth $8,012,000 after buying an additional 15,940 shares during the period. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Kelcy L. Warren bought 1,000,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was bought 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 $1,772,593,760.85. The trade was 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 currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on ET. Morgan Stanley reduced their target price on shares of Energy Transfer from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, August 26th. Jefferies Financial Group set a $17.00 price objective on Energy Transfer and gave the company a “hold” rating in a research report on Tuesday, October 28th. Scotiabank decreased their target price on Energy Transfer from $23.00 to $21.00 and set a “sector outperform” rating for the company in a research report on Thursday, November 13th. Wells Fargo & Company reiterated an “overweight” rating and issued a $23.00 target price (up previously from $21.00) on shares of Energy Transfer in a research note on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Energy Transfer in a report on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Energy Transfer currently has an average rating of “Moderate Buy” and an average target price of $21.92.

Energy Transfer Trading Up 1.1%

NYSE ET opened at $16.45 on Thursday. The company has a market capitalization of $56.48 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.01 and a beta of 0.76. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.15 and a quick ratio of 0.92. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $21.45. The company’s fifty day moving average price is $16.83 and its two-hundred day moving average price is $17.39.

Energy Transfer (NYSE:ET) last issued its earnings results on Wednesday, November 5th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Energy Transfer had a net margin of 5.80% and a return on equity of 11.08%. The company had revenue of $19.95 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same quarter last year, the company posted $0.32 EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, research analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Friday, November 7th were paid a dividend of $0.3325 per share. The ex-dividend date was Friday, November 7th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.33 annualized dividend and a yield of 8.1%. Energy Transfer’s payout ratio is currently 106.40%.

Energy Transfer Profile

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.