Nwam LLC Purchases 5,524 Shares of Energy Transfer LP $ET

Nwam LLC increased its position in shares of Energy Transfer LP (NYSE:ET) by 20.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,548 shares of the pipeline company’s stock after purchasing an additional 5,524 shares during the period. Nwam LLC’s holdings in Energy Transfer were worth $588,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ET. Ryan Investment Management Inc. acquired a new stake in Energy Transfer during the second quarter worth $31,000. Vision Financial Markets LLC acquired a new position in shares of Energy Transfer in the 1st quarter valued at $33,000. CNB Bank lifted its holdings 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 worth $34,000 after acquiring an additional 1,000 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of Energy Transfer during the 1st quarter valued at about $38,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Energy Transfer in the first quarter valued at about $40,000. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Stock Performance

Shares of NYSE:ET opened at $16.59 on Thursday. The business has a fifty day moving average of $16.98 and a 200-day moving average of $17.40. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.92 and a current ratio of 1.15. Energy Transfer LP has a twelve month low of $14.60 and a twelve month high of $21.45. The firm has a market cap of $56.96 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 1.01 and a beta of 0.76.

Energy Transfer (NYSE:ET) last issued 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 company had revenue of $19.95 billion for the quarter, compared to the consensus estimate of $21.84 billion. Energy Transfer had a return on equity of 11.08% and a net margin of 5.80%.The firm’s revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS. On average, equities research analysts predict that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Friday, November 7th will be issued a $0.3325 dividend. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.33 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Friday, November 7th. Energy Transfer’s dividend payout ratio (DPR) is 106.40%.

Analysts Set New Price Targets

A number of research analysts have commented on ET shares. Wells Fargo & Company restated an “overweight” rating and set a $23.00 price target (up previously from $21.00) on shares of Energy Transfer in a research note on Tuesday, August 12th. Jefferies Financial Group set a $17.00 target price on Energy Transfer and gave the stock a “hold” rating in a report on Tuesday, October 28th. Scotiabank initiated coverage on Energy Transfer in a research report on Tuesday, September 2nd. They set a “sector outperform” rating and a $23.00 target price for the company. Barclays reiterated an “overweight” rating and issued a $25.00 price target on shares of Energy Transfer in a research report on Wednesday, October 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Energy Transfer in a report on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.23.

Insiders Place Their Bets

In other news, Director Kelcy L. Warren acquired 1,350,000 shares of Energy Transfer stock in a transaction on Wednesday, August 20th. The shares were purchased at an average price of $17.36 per share, with a total value of $23,436,000.00. Following the acquisition, the director owned 69,178,477 shares in the company, valued at $1,200,938,360.72. This represents a 1.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.28% of the stock is owned by company insiders.

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.