Several other institutional financiers and hedge funds likewise just recently contributed to or lowered their stakes in the stock. Energy Income Partners LLC enhanced its holdings in Energy Transfer by 8.3% in the 3rd quarter. Energy Income Partners LLC now owns 25,529,480 shares of the pipeline business’s stock worth $281,590,000 after acquiring an extra 1,951,059 shares throughout the last quarter. Clearbridge Investments LLC enhanced its stake in shares of Energy Transfer by 0.8% throughout the first quarter. Clearbridge Investments LLC now owns 22,600,697 shares of the pipeline business’s stock worth $252,902,000 after getting an extra 184,203 shares throughout the last quarter. Mirae Asset Global Investments Co. Ltd. enhanced its stake in shares of Energy Transfer by 13.3% throughout the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,126,047 shares of the pipeline business’s stock worth $203,286,000 after getting an extra 2,005,409 shares throughout the last quarter. Barclays PLC raised its position in shares of Energy Transfer by 4.1% throughout the fourth quarter. Barclays PLC now owns 17,080,138 shares of the pipeline business’s stock valued at $202,740,000 after acquiring an extra 679,120 shares throughout the duration. Finally, Miller Howard Investments Inc. NY raised its position in shares of Energy Transfer by 2.6% throughout the fourth quarter. Miller Howard Investments Inc. NY now owns 5,703,148 shares of the pipeline business’s stock valued at $67,696,000 after acquiring an extra 145,071 shares throughout the duration. Hedge funds and other institutional financiers own 37.81% of the business’s stock.
Wall Street Analyst Weigh In
ET has actually been the subject of a variety of research study reports. Raymond James lifted their cost target on shares of Energy Transfer from $15.00 to $17.00 and provided the business a “strong-buy” ranking in a report on Thursday, February 16th. Wells Fargo & Company lifted their cost target on shares of Energy Transfer from $15.00 to $16.00 and provided the business an “obese” ranking in a report on Tuesday, February 21st. Barclays lifted their cost target on shares of Energy Transfer from $15.00 to $16.00 in a report on Tuesday, April 18th. Finally, Morgan Stanley lowered their target cost on shares of Energy Transfer from $18.00 to $17.00 in a report on Tuesday, April 25th. Six equities research study experts have actually ranked the stock with a buy ranking and one has actually offered a strong buy ranking to the stock. Based on information from MarketBeat, the stock presently has an agreement ranking of “Buy” and a typical cost target of $16.43.
Energy Transfer Trading Up 2.7 %
Energy Transfer stock traded up $0.34 throughout trading hours on Friday, striking $12.94. The business had a trading volume of 6,307,396 shares, compared to its typical volume of 11,837,739. The company has a market cap of $40.65 billion, a P/E ratio of 9.50 and a beta of 1.72. The business has a debt-to-equity ratio of 1.37, a fast ratio of 0.92 and an existing ratio of 1.12. Energy Transfer LP has a 1 year low of $9.15 and a 1 year high of $13.67. The business has a 50-day moving typical cost of $12.57 and a two-hundred day moving typical cost of $12.48.
Energy Transfer (NYSE:ET – Get Rating) last revealed its quarterly profits outcomes on Tuesday, May second. The pipeline business reported $0.32 profits per share for the quarter, missing out on the agreement quote of $0.33 by ($0.01). Energy Transfer had a return on equity of 13.06% and a net margin of 5.08%. The business had income of $19 billion throughout the quarter, compared to experts’ expectations of $21.49 billion. During the exact same duration in the previous year, the business published $0.37 EPS. Energy Transfer’s income for the quarter was down 7.3% on a year-over-year basis. On typical, sell-side experts prepare for that Energy Transfer LP will publish 1.34 profits per share for the present year.
Energy Transfer Increases Dividend
The company likewise just recently stated a quarterly dividend, which was paid on Monday, May 22nd. Stockholders of record on Monday, May 8th were offered a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 9.52%. The ex-dividend date of this dividend was Friday, May 5th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.31. Energy Transfer’s dividend payment ratio is currently 91.79%.
Insider Buying and Selling
In other news, EVP Bradford D. Whitehurst obtained 10,000 shares of Energy Transfer stock in a deal that took place on Tuesday, May 30th. The stock was bought at a typical cost of $12.43 per share, for an overall deal of $124,300.00. Following the purchase, the executive vice president now straight owns 1,303,055 shares in the business, valued at roughly $16,196,973.65. The purchase was revealed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Energy Transfer news, EVP Bradford D. Whitehurst obtained 10,000 shares of the business’s stock in a deal dated Tuesday, May 30th. The shares were obtained at an average cost of $12.43 per share, with an overall worth of $124,300.00. Following the acquisition, the executive vice president now straight owns 1,303,055 shares of the business’s stock, valued at $16,196,973.65. The purchase was revealed in a file submitted with the SEC, which is available through the SEC website. Also, Chairman Kelcy L. Warren obtained 500,000 shares of the business’s stock in a deal dated Friday, May 12th. The stock was obtained at an average cost of $12.27 per share, for an overall deal of $6,135,000.00. Following the conclusion of the acquisition, the chairman now straight owns 59,078,477 shares in the business, valued at $724,892,912.79. The disclosure for this purchase can be discovered here. Insiders purchased an overall of 1,510,000 shares of business stock worth $18,749,300 in the last 90 days. 3.28% of the stock is owned by business experts.
Energy Transfer Profile
(Get Rating)
Energy Transfer LP supplies gas pipeline transport and transmission services. It runs through the following sections: Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, Crude Oil Transportation and Services, Investment in Sunoco LP, Investment in USAC, and All Other.
Further Reading
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