Energy Transfer LP $ET Shares Acquired by Texas Yale Capital Corp.

Texas Yale Capital Corp. lifted its holdings in shares of Energy Transfer LP (NYSE:ET) by 5.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,236,265 shares of the pipeline company’s stock after purchasing an additional 59,125 shares during the quarter. Energy Transfer makes up 0.7% of Texas Yale Capital Corp.’s portfolio, making the stock its 15th largest holding. Texas Yale Capital Corp.’s holdings in Energy Transfer were worth $21,214,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC boosted its stake in Energy Transfer by 1.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 39,845 shares of the pipeline company’s stock valued at $723,000 after acquiring an additional 565 shares during the period. Bogart Wealth LLC lifted its holdings in shares of Energy Transfer by 1.9% in the 2nd quarter. Bogart Wealth LLC now owns 32,788 shares of the pipeline company’s stock worth $594,000 after purchasing an additional 604 shares during the last quarter. Quantum Private Wealth LLC boosted its position in Energy Transfer by 0.5% during the 2nd quarter. Quantum Private Wealth LLC now owns 116,515 shares of the pipeline company’s stock valued at $2,112,000 after purchasing an additional 627 shares during the period. HBK Sorce Advisory LLC boosted its position in Energy Transfer by 3.4% during the 3rd quarter. HBK Sorce Advisory LLC now owns 19,018 shares of the pipeline company’s stock valued at $321,000 after purchasing an additional 628 shares during the period. Finally, Magnus Financial Group LLC increased its position in Energy Transfer by 2.0% in the third quarter. Magnus Financial Group LLC now owns 31,430 shares of the pipeline company’s stock worth $539,000 after buying an additional 629 shares during the period. Institutional investors own 38.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ET shares. Jefferies Financial Group set a $17.00 price target on shares of Energy Transfer and gave the company a “hold” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. reduced their target price on shares of Energy Transfer from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Monday, November 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Energy Transfer in a research report on Wednesday, December 24th. Morgan Stanley cut their price target on Energy Transfer from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, December 2nd. Finally, Scotiabank reiterated an “outperform” rating on shares of Energy Transfer in a research report on Friday, January 16th. Eleven 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.36.

Energy Transfer Trading Up 2.8%

Shares of NYSE:ET opened at $18.77 on Monday. The company has a 50 day moving average of $17.21 and a 200-day moving average of $17.13. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 1.50. The firm has a market cap of $64.43 billion, a P/E ratio of 15.01, a P/E/G ratio of 0.97 and a beta of 0.66. Energy Transfer LP has a twelve month low of $14.60 and a twelve month high of $20.51.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Friday, February 6th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s dividend payout ratio is 107.20%.

Insider Activity

In other news, Director Kelcy L. Warren bought 1,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was acquired at an average price of $16.95 per share, with a total value of $16,950,000.00. Following the completion of the purchase, the director directly owned 104,577,803 shares of the company’s stock, valued at $1,772,593,760.85. This represents a 0.97% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.28% of the company’s stock.

Energy Transfer 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.