Energy Transfer LP (NYSE:ET – Get Free Report) Director Kelcy L. Warren bought 3,000,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $15.68 per share, with a total value of $47,040,000.00. Following the completion of the transaction, the director now owns 123,385,650 shares in the company, valued at approximately $1,934,686,992. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Energy Transfer Trading Up 0.2 %
ET traded up $0.03 on Tuesday, hitting $15.58. The company had a trading volume of 19,937,242 shares, compared to its average volume of 13,506,072. Energy Transfer LP has a 12-month low of $12.46 and a 12-month high of $16.50. The business’s fifty day simple moving average is $15.95 and its 200 day simple moving average is $15.52. The company has a market cap of $52.50 billion, a PE ratio of 14.16, a PEG ratio of 0.42 and a beta of 1.66. The company has a quick ratio of 1.00, a current ratio of 1.18 and a debt-to-equity ratio of 1.37.
Energy Transfer (NYSE:ET – Get Free Report) last issued its quarterly earnings data 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 business had revenue of $20.73 billion during the quarter, compared to the consensus estimate of $22.01 billion. Energy Transfer had a return on equity of 12.22% and a net margin of 4.85%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. Equities research analysts expect that Energy Transfer LP will post 1.49 EPS for the current year.
Energy Transfer Increases Dividend
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Energy Transfer from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, June 10th. Mizuho increased their price target on Energy Transfer from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. JPMorgan Chase & Co. increased their price target on Energy Transfer from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, June 20th. Stifel Nicolaus increased their price target on Energy Transfer from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, UBS Group increased their price target on Energy Transfer from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Energy Transfer presently has a consensus rating of “Moderate Buy” and an average target price of $19.29.
Get Our Latest Report on Energy Transfer
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Northwest Financial Advisors acquired a new stake in Energy Transfer during the 4th quarter worth approximately $25,000. LRI Investments LLC purchased a new stake in shares of Energy Transfer in the first quarter valued at about $29,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Energy Transfer during the fourth quarter worth about $33,000. Ables Iannone Moore & Associates Inc. purchased a new stake in Energy Transfer during the fourth quarter worth about $34,000. Finally, Hudson Edge Investment Partners Inc. acquired a new position in Energy Transfer during the second quarter worth about $42,000. Institutional investors and hedge funds own 38.22% of the company’s stock.
About Energy Transfer
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.
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