J.W. Cole Advisors Inc. Grows Holdings in Energy Transfer LP $ET

J.W. Cole Advisors Inc. grew its holdings in Energy Transfer LP (NYSE:ET) by 8.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 237,844 shares of the pipeline company’s stock after buying an additional 18,866 shares during the period. J.W. Cole Advisors Inc.’s holdings in Energy Transfer were worth $4,312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC grew its position in Energy Transfer by 1.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 39,845 shares of the pipeline company’s stock valued at $723,000 after buying an additional 565 shares during the last quarter. Indiana Trust & Investment Management Co lifted its stake in shares of Energy Transfer by 5.1% in the 1st quarter. Indiana Trust & Investment Management Co now owns 11,796 shares of the pipeline company’s stock worth $219,000 after acquiring an additional 576 shares during the period. Beam Wealth Advisors Inc. boosted its holdings in shares of Energy Transfer by 1.5% in the first 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 in the last quarter. Bogart Wealth LLC increased its stake in shares of Energy Transfer by 1.9% during the second quarter. Bogart Wealth LLC now owns 32,788 shares of the pipeline company’s stock worth $594,000 after acquiring an additional 604 shares during the period. Finally, MCF Advisors LLC increased its stake in shares of Energy Transfer by 7.2% during the second quarter. MCF Advisors LLC now owns 9,195 shares of the pipeline company’s stock worth $167,000 after acquiring an additional 616 shares during the period. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Stock Up 1.1%

ET opened at $16.45 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 company has a market cap of $56.48 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.01 and a beta of 0.76. Energy Transfer LP has a one year low of $14.60 and a one year high of $21.45. The business’s fifty day moving average is $16.83 and its two-hundred day moving average is $17.39.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Wednesday, November 5th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The firm had revenue of $19.95 billion for the quarter, compared to analyst estimates of $21.84 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 3.9% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. Analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Friday, November 7th were given a $0.3325 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.33 annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Friday, November 7th. Energy Transfer’s dividend payout ratio (DPR) is currently 106.40%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ET shares. Morgan Stanley reduced their price objective on shares of Energy Transfer from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Tuesday, August 26th. Wells Fargo & Company reissued an “overweight” rating and issued a $23.00 price target (up from $21.00) on shares of Energy Transfer in a report on Tuesday, August 12th. Jefferies Financial Group set a $17.00 price objective on Energy Transfer and gave the stock a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Energy Transfer in a report on Wednesday, October 8th. Finally, UBS Group restated a “buy” rating and set a $22.00 target price on shares of Energy Transfer in a research report on Wednesday, October 15th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Energy Transfer has a consensus rating of “Moderate Buy” and a consensus target price of $21.92.

Insider Buying and Selling at Energy Transfer

In related news, Director Kelcy L. Warren acquired 1,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was purchased at an average cost of $16.95 per share, for a total transaction of $16,950,000.00. Following the transaction, the director directly owned 104,577,803 shares of the company’s stock, valued at approximately $1,772,593,760.85. This trade represents a 0.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.28% of the stock is currently owned by company insiders.

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.