Energy Transfer LP $ET Shares Bought by KPP Advisory Services LLC

KPP Advisory Services LLC boosted its stake in shares of Energy Transfer LP (NYSE:ET) by 5.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,039 shares of the pipeline company’s stock after buying an additional 1,831 shares during the period. KPP Advisory Services LLC’s holdings in Energy Transfer were worth $690,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ET. Ryan Investment Management Inc. acquired a new position in Energy Transfer during the second quarter worth $31,000. Vision Financial Markets LLC acquired a new position in Energy Transfer during the first quarter worth $33,000. Stone House Investment Management LLC acquired a new position in Energy Transfer during the first quarter worth $38,000. N.E.W. Advisory Services LLC acquired a new position in Energy Transfer during the first quarter worth $40,000. Finally, Crowley Wealth Management Inc. acquired a new position in Energy Transfer during the second quarter worth $44,000. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Price Performance

ET stock opened at $16.85 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.92 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $57.82 billion, a PE ratio of 13.06, a P/E/G ratio of 1.00 and a beta of 0.78. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $21.45. The business’s fifty day moving average price is $17.19 and its 200 day moving average price is $17.38.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Wednesday, August 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $19.24 billion for the quarter, compared to the consensus estimate of $24.07 billion. Energy Transfer had a return on equity of 11.08% and a net margin of 5.80%.The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. On average, sell-side analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current year.

Insider Activity

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

Analyst Ratings Changes

ET has been the topic of several recent analyst reports. Morgan Stanley decreased their price target 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Energy Transfer in a research note on Wednesday, October 8th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $23.00 price target (up previously from $21.00) on shares of Energy Transfer in a research note on Tuesday, August 12th. Cowen initiated coverage on Energy Transfer in a research note on Monday, July 7th. They issued a “buy” rating on the stock. Finally, UBS Group reaffirmed a “buy” rating and issued a $22.00 price target on shares of Energy Transfer in a research note on Wednesday, October 15th. Thirteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

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.