Modus Advisors LLC purchased a new stake in Energy Transfer LP Unit (NYSE:ET) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 16,000 shares of the pipeline company’s stock, valued at approximately $205,000.

Other large investors have also recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its position in shares of Energy Transfer LP Unit by 1.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,708,867 shares of the pipeline company’s stock valued at $22,352,000 after acquiring an additional 22,986 shares during the period. Ausdal Financial Partners Inc. acquired a new stake in Energy Transfer LP Unit during the 3rd quarter worth approximately $140,000. Stifel Financial Corp raised its holdings in Energy Transfer LP Unit by 6.6% during the 3rd quarter. Stifel Financial Corp now owns 3,370,275 shares of the pipeline company’s stock worth $44,088,000 after buying an additional 208,144 shares during the period. Comerica Bank raised its holdings in Energy Transfer LP Unit by 13.9% during the 3rd quarter. Comerica Bank now owns 20,099,563 shares of the pipeline company’s stock worth $250,039,000 after buying an additional 2,456,002 shares during the period. Finally, Zimmer Partners LP raised its holdings in Energy Transfer LP Unit by 9.0% during the 3rd quarter. Zimmer Partners LP now owns 11,115,648 shares of the pipeline company’s stock worth $145,393,000 after buying an additional 916,194 shares during the period. Institutional investors and hedge funds own 53.44% of the company’s stock.

In other Energy Transfer LP Unit news, CFO Thomas E. Long purchased 18,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of $11.15 per share, with a total value of $200,700.00. Following the purchase, the chief financial officer now directly owns 517,698 shares of the company’s stock, valued at $5,772,332.70. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard D. Brannon purchased 100,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of $12.79 per share, with a total value of $1,279,000.00. Following the completion of the purchase, the director now directly owns 238,932 shares in the company, valued at $3,055,940.28. The disclosure for this purchase can be found here. Insiders have bought a total of 4,087,224 shares of company stock valued at $47,999,005 over the last ninety days. Company insiders own 3.28% of the company’s stock.

Shares of ET traded up $0.06 during mid-day trading on Tuesday, hitting $13.58. 6,835,925 shares of the company’s stock were exchanged, compared to its average volume of 13,696,525. The company has a market cap of $35.49 billion, a PE ratio of 11.80 and a beta of 1.51. Energy Transfer LP Unit has a 52 week low of $10.84 and a 52 week high of $15.98. The company has a 50-day simple moving average of $12.64 and a 200 day simple moving average of $13.20. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.00 and a quick ratio of 0.75.

Energy Transfer LP Unit (NYSE:ET) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.05). The business had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $14.54 billion. Energy Transfer LP Unit had a return on equity of 10.93% and a net margin of 5.94%. Energy Transfer LP Unit’s revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. On average, analysts anticipate that Energy Transfer LP Unit will post 1.41 earnings per share for the current year.

ET has been the topic of several research analyst reports. TheStreet downgraded shares of Energy Transfer LP Unit from a “b-” rating to a “c+” rating in a report on Monday, October 21st. Bank of America raised their target price on shares of Energy Transfer LP Unit from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Wells Fargo & Co restated a “buy” rating on shares of Energy Transfer LP Unit in a report on Tuesday, January 7th. Robert W. Baird dropped their target price on shares of Energy Transfer LP Unit from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday, October 8th. Finally, Morgan Stanley initiated coverage on shares of Energy Transfer LP Unit in a report on Monday, January 6th. They set an “overweight” rating and a $18.00 target price on the stock. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Energy Transfer LP Unit has a consensus rating of “Buy” and a consensus target price of $19.40.

About Energy Transfer LP Unit

Energy Transfer LP provides energy-related services in the United States and China. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

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Institutional Ownership by Quarter for Energy Transfer LP Unit (NYSE:ET)

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