Stephens Inc. AR Increases Holdings in Energy Transfer LP $ET

Stephens Inc. AR grew its position in shares of Energy Transfer LP (NYSE:ET) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,398,242 shares of the pipeline company’s stock after buying an additional 42,346 shares during the quarter. Stephens Inc. AR’s holdings in Energy Transfer were worth $23,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Manning & Napier Advisors LLC lifted its holdings in Energy Transfer by 30.4% in the third quarter. Manning & Napier Advisors LLC now owns 900,000 shares of the pipeline company’s stock valued at $15,444,000 after acquiring an additional 210,000 shares during the period. O Dell Group LLC purchased a new stake in shares of Energy Transfer during the 3rd quarter valued at about $228,000. Baugh & Associates LLC lifted its stake in shares of Energy Transfer by 40.7% in the 3rd quarter. Baugh & Associates LLC now owns 159,533 shares of the pipeline company’s stock worth $2,492,000 after purchasing an additional 46,131 shares during the period. First United Bank & Trust boosted its holdings in shares of Energy Transfer by 1.9% in the third quarter. First United Bank & Trust now owns 39,156 shares of the pipeline company’s stock worth $672,000 after buying an additional 725 shares during the last quarter. Finally, Bogart Wealth LLC grew its position in Energy Transfer by 11.3% during the third quarter. Bogart Wealth LLC now owns 36,503 shares of the pipeline company’s stock valued at $626,000 after buying an additional 3,715 shares during the period. Institutional investors own 38.22% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ET shares. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research report on Wednesday, January 7th. Jefferies Financial Group set a $17.00 target price on Energy Transfer and gave the stock a “hold” rating in a report on Tuesday, October 28th. Royal Bank Of Canada upgraded Energy Transfer to a “moderate buy” rating in a research report on Monday, December 15th. Barclays restated an “overweight” rating and issued a $22.00 price target (down previously from $25.00) on shares of Energy Transfer in a research report on Monday. Finally, Morgan Stanley lowered their price objective on Energy Transfer from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Energy Transfer has a consensus rating of “Moderate Buy” and an average price target of $21.50.

Energy Transfer Stock Up 1.4%

Shares of ET opened at $17.39 on Wednesday. The business’s 50 day moving average is $16.60 and its 200 day moving average is $17.07. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 1.50. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $21.45. The company has a market capitalization of $59.69 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 0.90 and a beta of 0.66.

Energy Transfer (NYSE:ET) last posted its quarterly earnings results on Wednesday, November 5th. The pipeline company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.06). The business had revenue of $19.95 billion during the quarter, compared to the consensus estimate of $21.84 billion. Energy Transfer had a return on equity of 10.71% and a net margin of 5.66%.The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 earnings per share. Research analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Friday, November 7th were paid a dividend of $0.3325 per share. The ex-dividend date of this dividend was Friday, November 7th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.33 annualized dividend and a yield of 7.7%. Energy Transfer’s dividend payout ratio is 106.40%.

Insider Transactions at Energy Transfer

In other news, Director Kelcy L. Warren acquired 1,000,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was purchased at an average price of $16.95 per share, for a total transaction of $16,950,000.00. Following the completion of the transaction, the director directly owned 104,577,803 shares in the company, valued at approximately $1,772,593,760.85. This trade represents a 0.97% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.28% of the company’s stock.

Energy Transfer Company Profile

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.