Energy Transfer LP $ET Shares Sold by Evergreen Capital Management LLC

Evergreen Capital Management LLC decreased its stake in shares of Energy Transfer LP (NYSE:ET) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 858,727 shares of the pipeline company’s stock after selling 40,449 shares during the quarter. Evergreen Capital Management LLC’s holdings in Energy Transfer were worth $14,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC increased its stake in shares of Energy Transfer by 93.4% during the fourth quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock worth $481,000 after buying an additional 11,844 shares during the period. AQR Capital Management LLC grew its holdings in Energy Transfer by 62.8% during the 1st quarter. AQR Capital Management LLC now owns 21,041 shares of the pipeline company’s stock worth $391,000 after acquiring an additional 8,118 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Energy Transfer by 22.9% in the 2nd quarter. Parallel Advisors LLC now owns 41,999 shares of the pipeline company’s stock valued at $761,000 after purchasing an additional 7,817 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in shares of Energy Transfer by 33.9% in the 2nd quarter. Pallas Capital Advisors LLC now owns 24,727 shares of the pipeline company’s stock valued at $448,000 after purchasing an additional 6,264 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of Energy Transfer by 14.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 144,850 shares of the pipeline company’s stock valued at $2,626,000 after purchasing an additional 18,107 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Insider Buying and Selling at Energy Transfer

In other Energy Transfer news, Director Kelcy L. Warren bought 1,000,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was acquired at an average price of $16.95 per share, for a total transaction of $16,950,000.00. Following the completion of the purchase, the director owned 104,577,803 shares of the company’s stock, valued at approximately $1,772,593,760.85. This represents a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on ET shares. Jefferies Financial Group set a $17.00 target price on Energy Transfer and gave the company a “hold” rating in a report on Tuesday, October 28th. Morgan Stanley dropped their price objective on Energy Transfer from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, December 2nd. UBS Group reissued a “buy” rating on shares of Energy Transfer in a research report on Wednesday, January 7th. Scotiabank reaffirmed an “outperform” rating on shares of Energy Transfer in a report on Friday. Finally, Barclays reissued an “overweight” rating and set a $22.00 price objective (down previously from $25.00) on shares of Energy Transfer in a report on Monday. Thirteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.50.

Energy Transfer Trading Down 0.7%

NYSE:ET opened at $17.33 on Friday. The company has a market capitalization of $59.50 billion, a PE ratio of 13.86, a P/E/G ratio of 0.91 and a beta of 0.66. Energy Transfer LP has a 52-week low of $14.60 and a 52-week high of $21.45. The stock’s 50 day moving average price is $16.64 and its 200 day moving average price is $17.07. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.50.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data 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 firm had revenue of $19.95 billion during the quarter, compared to analyst estimates of $21.84 billion. Energy Transfer had a net margin of 5.66% and a return on equity of 10.71%. Energy Transfer’s revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. On average, research analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Friday, November 7th were paid a $0.3325 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.33 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Friday, November 7th. Energy Transfer’s dividend payout ratio (DPR) is presently 106.40%.

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.