Aire Advisors LLC Has $543,000 Stock Position in Energy Transfer LP $ET

Aire Advisors LLC boosted its position in shares of Energy Transfer LP (NYSE:ET) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,934 shares of the pipeline company’s stock after purchasing an additional 1,882 shares during the period. Aire Advisors LLC’s holdings in Energy Transfer were worth $543,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ET. Ryan Investment Management Inc. bought a new position in Energy Transfer during the second quarter valued at about $31,000. Vision Financial Markets LLC bought a new position in Energy Transfer during the first quarter valued at about $33,000. HWG Holdings LP bought a new position in Energy Transfer during the first quarter valued at about $38,000. Stone House Investment Management LLC bought a new position in Energy Transfer during the first quarter valued at about $38,000. Finally, N.E.W. Advisory Services LLC bought a new position in Energy Transfer during the first quarter valued at about $40,000. 38.22% of the stock is currently owned by institutional investors.

Insider Transactions at Energy Transfer

In other news, Director Kelcy L. Warren purchased 1,350,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were purchased at an average cost of $17.36 per share, for a total transaction of $23,436,000.00. Following the completion of the purchase, the director directly owned 69,178,477 shares of the company’s stock, valued at approximately $1,200,938,360.72. The trade was a 1.99% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.28% of the stock is owned by corporate insiders.

Energy Transfer Trading Up 2.1%

Energy Transfer stock opened at $16.89 on Thursday. 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 business’s 50-day simple moving average is $17.27 and its 200-day simple moving average is $17.42. The firm has a market capitalization of $57.96 billion, a PE ratio of 13.09, a PEG ratio of 0.97 and a beta of 0.78. Energy Transfer LP has a 52 week low of $14.60 and a 52 week high of $21.45.

Energy Transfer (NYSE:ET) last issued 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 firm had revenue of $19.24 billion for the quarter, compared to analyst estimates of $24.07 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. Equities research analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Friday, August 8th were paid a dividend of $0.33 per share. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.32 annualized dividend and a yield of 7.8%. The ex-dividend date was Friday, August 8th. Energy Transfer’s dividend payout ratio is presently 102.33%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ET. Cowen began coverage on Energy Transfer in a report on Monday, July 7th. They set a “buy” rating on the stock. Wells Fargo & Company restated an “overweight” rating and set a $23.00 target price (up from $21.00) on shares of Energy Transfer in a report on Tuesday, August 12th. Scotiabank began coverage on Energy Transfer in a report on Tuesday, September 2nd. They set a “sector outperform” rating and a $23.00 target price on the stock. Morgan Stanley dropped their price objective on Energy Transfer from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 26th. Finally, TD Cowen began coverage on Energy Transfer in a research note on Monday, July 7th. They issued a “buy” rating and a $22.00 price objective on the stock. Fourteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Energy Transfer presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.46.

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.