Human Investing LLC Invests $253,000 in Energy Transfer LP (NYSE:ET)

Human Investing LLC acquired a new stake in Energy Transfer LP (NYSE:ET) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,755 shares of the pipeline company’s stock, valued at approximately $253,000.

Other large investors have also bought and sold shares of the company. Norden Group LLC acquired a new position in shares of Energy Transfer in the first quarter worth approximately $384,000. J.W. Cole Advisors Inc. lifted its position in shares of Energy Transfer by 32.1% in the 1st quarter. J.W. Cole Advisors Inc. now owns 68,374 shares of the pipeline company’s stock worth $1,075,000 after purchasing an additional 16,617 shares during the period. Private Advisor Group LLC boosted its stake in shares of Energy Transfer by 18.5% in the 1st quarter. Private Advisor Group LLC now owns 495,391 shares of the pipeline company’s stock valued at $7,793,000 after purchasing an additional 77,444 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Energy Transfer by 8.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 35,531 shares of the pipeline company’s stock valued at $559,000 after purchasing an additional 2,804 shares during the last quarter. Finally, Mission Wealth Management LP increased its position in shares of Energy Transfer by 54.9% during the first quarter. Mission Wealth Management LP now owns 29,053 shares of the pipeline company’s stock worth $457,000 after buying an additional 10,294 shares during the period. 38.22% of the stock is owned by institutional investors.

Energy Transfer Stock Down 0.1 %

NYSE:ET traded down $0.01 on Friday, hitting $16.47. The stock had a trading volume of 3,489,977 shares, compared to its average volume of 12,954,681. The company has a quick ratio of 0.92, a current ratio of 1.14 and a debt-to-equity ratio of 1.38. Energy Transfer LP has a 52 week low of $13.01 and a 52 week high of $16.64. The business’s fifty day moving average is $16.19 and its 200 day moving average is $15.99. The company has a market cap of $56.36 billion, a PE ratio of 13.87, a P/E/G ratio of 0.50 and a beta of 1.66.

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

Energy Transfer Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th will be paid a $0.3225 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 7.83%. Energy Transfer’s payout ratio is presently 107.56%.

Analysts Set New Price Targets

ET has been the topic of several recent analyst reports. UBS Group boosted their target price 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. Royal Bank of Canada boosted their price objective on Energy Transfer from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Bank of America started coverage on Energy Transfer in a research note on Thursday, October 17th. They set a “buy” rating and a $20.00 target price for the company. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Energy Transfer has a consensus rating of “Buy” and a consensus target price of $20.00.

Insider Activity

In related news, Director Kelcy L. Warren acquired 3,000,000 shares of the stock in a transaction on Monday, August 12th. The shares were acquired 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 trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Kelcy L. Warren bought 3,000,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $15.68 per share, with a total value of $47,040,000.00. Following the completion of the transaction, the director now directly owns 123,385,650 shares of the company’s stock, valued at $1,934,686,992. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gregory G. Mcilwain purchased 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 in the company, valued at approximately $9,270,188.48. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 3,040,000 shares of company stock valued at $47,667,200 over the last three months. Corporate insiders own 3.28% 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.