Helen Stephens Group LLC Acquires 2,420 Shares of Energy Transfer LP $ET

Helen Stephens Group LLC lifted its holdings in shares of Energy Transfer LP (NYSE:ET) by 13.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 20,539 shares of the pipeline company’s stock after acquiring an additional 2,420 shares during the period. Helen Stephens Group LLC’s holdings in Energy Transfer were worth $372,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC bought a new position in Energy Transfer during the 4th quarter valued at about $26,000. Fourth Dimension Wealth LLC bought a new position in Energy Transfer during the 4th quarter valued at about $29,000. Vision Financial Markets LLC bought a new position in Energy Transfer during the 1st quarter valued at about $33,000. Stone House Investment Management LLC bought a new position in Energy Transfer during the 1st quarter valued at about $38,000. Finally, HWG Holdings LP bought a new position in Energy Transfer during the 1st quarter valued at about $38,000. 38.22% of the stock is owned by institutional investors.

Insider Activity at Energy Transfer

In other Energy Transfer news, Director Kelcy L. Warren purchased 1,350,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was bought at an average price of $17.36 per share, for a total transaction of $23,436,000.00. Following the transaction, the director directly owned 69,178,477 shares in the company, valued at $1,200,938,360.72. This represents a 1.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 3.28% of the stock is currently owned by corporate insiders.

Energy Transfer Trading Down 0.2%

Shares of NYSE ET opened at $17.45 on Friday. Energy Transfer LP has a 1-year low of $14.60 and a 1-year high of $21.45. The company has a market cap of $59.90 billion, a PE ratio of 13.53, a P/E/G ratio of 1.00 and a beta of 0.85. The company has a current ratio of 1.15, a quick ratio of 0.92 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average of $17.55 and a two-hundred day moving average of $17.66.

Energy Transfer (NYSE:ET) last announced its earnings results on Wednesday, August 6th. The pipeline company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. Energy Transfer had a net margin of 5.80% and a return on equity of 11.08%. The company had revenue of $19.24 billion during the quarter, compared to the consensus estimate of $24.07 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The company’s revenue was down 7.2% on a year-over-year basis. As a group, equities analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Friday, August 8th were given a dividend of $0.33 per share. The ex-dividend date was Friday, August 8th. This represents a $1.32 annualized dividend and a dividend yield of 7.6%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s dividend payout ratio is presently 102.33%.

Analyst Upgrades and Downgrades

ET has been the subject of several analyst reports. Wells Fargo & Company reissued an “overweight” rating and set a $23.00 price target (up from $21.00) on shares of Energy Transfer in a report on Tuesday, August 12th. JPMorgan Chase & Co. cut their price target on shares of Energy Transfer from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, May 19th. Scotiabank initiated coverage on shares of Energy Transfer in a report on Tuesday, September 2nd. They set a “sector outperform” rating and a $23.00 price target for the company. TD Cowen initiated coverage on shares of Energy Transfer in a report on Monday, July 7th. They set a “buy” rating and a $22.00 price target for the company. Finally, Cowen started coverage on shares of Energy Transfer in a report on Monday, July 7th. They set a “buy” rating for the company. Thirteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.54.

About Energy Transfer

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.