USAdvisors Wealth Management LLC Raises Stock Holdings in Energy Transfer LP $ET

USAdvisors Wealth Management LLC raised its stake in shares of Energy Transfer LP (NYSE:ET) by 14.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,500 shares of the pipeline company’s stock after acquiring an additional 2,000 shares during the period. USAdvisors Wealth Management LLC’s holdings in Energy Transfer were worth $281,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Indiana Trust & Investment Management Co boosted its holdings in shares of Energy Transfer by 5.1% during the 1st quarter. Indiana Trust & Investment Management Co now owns 11,796 shares of the pipeline company’s stock valued at $219,000 after acquiring an additional 576 shares during the last quarter. Beam Wealth Advisors Inc. boosted its holdings in shares of Energy Transfer by 1.5% during the 1st quarter. Beam Wealth Advisors Inc. now owns 39,934 shares of the pipeline company’s stock valued at $742,000 after acquiring an additional 585 shares during the last quarter. Morton Capital Management LLC CA boosted its holdings in shares of Energy Transfer by 1.3% during the 1st quarter. Morton Capital Management LLC CA now owns 46,382 shares of the pipeline company’s stock valued at $862,000 after acquiring an additional 593 shares during the last quarter. MCF Advisors LLC increased its position in Energy Transfer by 7.2% during the second quarter. MCF Advisors LLC now owns 9,195 shares of the pipeline company’s stock valued at $167,000 after acquiring an additional 616 shares during the last quarter. Finally, Chicago Capital LLC increased its position in Energy Transfer by 2.6% during the second quarter. Chicago Capital LLC now owns 24,056 shares of the pipeline company’s stock valued at $436,000 after acquiring an additional 618 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Stock Performance

NYSE:ET opened at $16.83 on Friday. The stock has a 50-day simple moving average of $17.47 and a two-hundred day simple moving average of $17.54. Energy Transfer LP has a 52-week low of $14.60 and a 52-week high of $21.45. 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 firm has a market capitalization of $57.78 billion, a PE ratio of 13.05, a P/E/G ratio of 0.99 and a beta of 0.78.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Wednesday, August 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. Energy Transfer had a return on equity of 11.08% and a net margin of 5.80%.The business had revenue of $19.24 billion during the quarter, compared to analyst estimates of $24.07 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. Energy Transfer’s revenue for the quarter was down 7.2% on a year-over-year basis. Analysts forecast that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Friday, August 8th were given a dividend of $0.33 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.32 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Friday, August 8th. Energy Transfer’s dividend payout ratio (DPR) is 102.33%.

Insider Activity

In other Energy Transfer news, Director Kelcy L. Warren bought 1,350,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was purchased at an average price of $17.36 per share, for a total transaction of $23,436,000.00. Following the completion of the transaction, the director owned 69,178,477 shares of the company’s stock, valued at $1,200,938,360.72. This trade represents a 1.99% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.28% of the company’s stock.

Analyst Upgrades and Downgrades

ET has been the subject of a number of research reports. Scotiabank initiated coverage on Energy Transfer in a research report on Tuesday, September 2nd. They set a “sector outperform” rating and a $23.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Energy Transfer in a research report on Saturday, September 27th. Cowen initiated coverage on Energy Transfer in a research report on Monday, July 7th. They set a “buy” rating for the company. Wells Fargo & Company reiterated an “overweight” rating and set a $23.00 price objective (up previously from $21.00) on shares of Energy Transfer in a research report on Tuesday, August 12th. Finally, Morgan Stanley reduced their price objective on Energy Transfer from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Tuesday, August 26th. Fourteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Energy Transfer presently has an average rating of “Moderate Buy” and a consensus target price of $22.50.

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.