Intellus Advisors LLC Purchases 5,139 Shares of Energy Transfer LP $ET

Intellus Advisors LLC boosted its position in Energy Transfer LP (NYSE:ET) by 5.6% in the second quarter, HoldingsChannel reports. The firm owned 97,154 shares of the pipeline company’s stock after buying an additional 5,139 shares during the quarter. Intellus Advisors LLC’s holdings in Energy Transfer were worth $1,761,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ryan Investment Management Inc. bought a new position in shares of Energy Transfer in the second quarter valued at approximately $31,000. Vision Financial Markets LLC bought a new position in Energy Transfer in the 1st quarter valued at $33,000. CNB Bank increased its position in shares of 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 purchasing an additional 1,000 shares during the last quarter. Stone House Investment Management LLC bought a new stake in shares of Energy Transfer during the 1st quarter worth $38,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Energy Transfer in the 1st quarter worth about $40,000. Institutional investors own 38.22% of the company’s stock.

Insider Buying and Selling at Energy Transfer

In other Energy Transfer news, Director Kelcy L. Warren acquired 1,000,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were bought at an average price of $16.95 per share, for a total transaction of $16,950,000.00. Following the completion of the transaction, the director owned 104,577,803 shares of the company’s stock, valued at approximately $1,772,593,760.85. This represents a 0.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.28% of the company’s stock.

Energy Transfer Price Performance

Shares of NYSE ET opened at $16.52 on Monday. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45. The stock has a fifty day moving average of $16.90 and a 200-day moving average of $17.41. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.92 and a current ratio of 1.15. The stock has a market cap of $56.72 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.01 and a beta of 0.76.

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

Energy Transfer Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Scotiabank lowered their price target on shares of Energy Transfer from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 13th. Jefferies Financial Group set a $17.00 target price on Energy Transfer and gave the company a “hold” rating in a research note on Tuesday, October 28th. Barclays reiterated an “overweight” rating and set a $25.00 price target on shares of Energy Transfer in a research note on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Energy Transfer in a research note on Wednesday, October 8th. Finally, UBS Group reaffirmed a “buy” rating and set a $22.00 price objective on shares of Energy Transfer in a report on Wednesday, October 15th. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.08.

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.