HBW Advisory Services LLC Acquires 837 Shares of Energy Transfer LP (NYSE:ET)

HBW Advisory Services LLC boosted its holdings in shares of Energy Transfer LP (NYSE:ET) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,478 shares of the pipeline company’s stock after buying an additional 837 shares during the quarter. HBW Advisory Services LLC’s holdings in Energy Transfer were worth $409,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. LRI Investments LLC acquired a new stake in Energy Transfer in the first quarter valued at approximately $29,000. HWG Holdings LP purchased a new position in Energy Transfer during the 2nd quarter worth $33,000. Ables Iannone Moore & Associates Inc. acquired a new position in Energy Transfer during the 4th quarter valued at about $34,000. Adirondack Trust Co. purchased a new stake in Energy Transfer in the fourth quarter valued at about $42,000. Finally, EdgeRock Capital LLC acquired a new stake in Energy Transfer in the second quarter worth about $42,000. Institutional investors own 38.22% of the company’s stock.

Insider Buying and Selling

In other Energy Transfer news, EVP Gregory G. Mcilwain bought 20,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average cost of $15.68 per share, for a total transaction of $313,600.00. Following the transaction, the executive vice president now directly owns 591,211 shares of the company’s stock, valued at approximately $9,270,188.48. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Kelcy L. Warren acquired 3,000,000 shares of the firm’s stock in a transaction 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 completion of the acquisition, the director now directly owns 123,385,650 shares in the company, valued at approximately $1,934,686,992. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gregory G. Mcilwain bought 20,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average cost of $15.68 per share, with a total value of $313,600.00. Following the purchase, the executive vice president now directly owns 591,211 shares of the company’s stock, valued at approximately $9,270,188.48. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 3,040,000 shares of company stock valued at $47,667,200. Corporate insiders own 3.28% of the company’s stock.

Energy Transfer Stock Performance

NYSE ET traded down $0.01 on Friday, reaching $16.30. 10,453,359 shares of the company’s stock traded hands, compared to its average volume of 13,239,402. Energy Transfer LP has a fifty-two week low of $12.90 and a fifty-two week high of $16.50. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.92 and a current ratio of 1.14. The firm has a market cap of $54.93 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 0.50 and a beta of 1.66. The stock has a 50 day moving average price of $16.03 and a 200-day moving average price of $15.89.

Energy Transfer (NYSE:ET) last issued its earnings results on Wednesday, August 7th. The pipeline company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The company had revenue of $20.73 billion during the quarter, compared to analysts’ expectations of $22.01 billion. Energy Transfer had a return on equity of 12.74% and a net margin of 5.19%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 EPS. Equities research analysts predict that Energy Transfer LP will post 1.35 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were paid a $0.32 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.28 annualized dividend and a dividend yield of 7.85%. The ex-dividend date of this dividend was Friday, August 9th. Energy Transfer’s payout ratio is currently 117.43%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ET shares. JPMorgan Chase & Co. increased their price objective on shares of Energy Transfer from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, June 20th. UBS Group boosted their price objective on shares of Energy Transfer from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Morgan Stanley raised their target price on Energy Transfer from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, June 10th. Finally, Mizuho lifted their price target on Energy Transfer from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.14.

Energy Transfer Company 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.