Energy Transfer LP $ET Stock Holdings Increased by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. increased its holdings in Energy Transfer LP (NYSE:ET) by 8.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,500 shares of the pipeline company’s stock after purchasing an additional 21,500 shares during the quarter. Energy Transfer accounts for 2.5% of Anthracite Investment Company Inc.’s holdings, making the stock its 15th biggest position. Anthracite Investment Company Inc.’s holdings in Energy Transfer were worth $4,940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ET. Kingstone Capital Partners Texas LLC acquired a new stake in Energy Transfer during the 2nd quarter worth about $168,917,000. Alps Advisors Inc. raised its holdings in Energy Transfer by 12.9% during the 1st quarter. Alps Advisors Inc. now owns 75,353,994 shares of the pipeline company’s stock worth $1,400,831,000 after buying an additional 8,613,645 shares during the period. Commerce Bank acquired a new stake in Energy Transfer during the 1st quarter worth about $92,607,000. Energy Income Partners LLC raised its holdings in Energy Transfer by 12.0% during the 1st quarter. Energy Income Partners LLC now owns 23,120,066 shares of the pipeline company’s stock worth $429,802,000 after buying an additional 2,471,401 shares during the period. Finally, Nuveen LLC acquired a new stake in Energy Transfer during the 1st quarter worth about $44,876,000. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ET shares. UBS Group restated a “buy” rating and set a $22.00 price objective on shares of Energy Transfer in a report on Wednesday, October 15th. Cowen started coverage on Energy Transfer in a report on Monday, July 7th. They set a “buy” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Energy Transfer in a report on Friday. Barclays reaffirmed an “overweight” rating and set a $25.00 target price on shares of Energy Transfer in a research note on Wednesday, October 15th. Finally, Scotiabank began coverage on Energy Transfer in a research note on Tuesday, September 2nd. They set a “sector outperform” rating and a $23.00 target price on the stock. Thirteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Insider Activity at Energy Transfer

In other news, Director Kelcy L. Warren purchased 1,350,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was acquired at an average price of $17.36 per share, with a total value of $23,436,000.00. Following the purchase, the director owned 69,178,477 shares in the company, valued at $1,200,938,360.72. This represents a 1.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.28% of the company’s stock.

Energy Transfer Trading Down 0.7%

NYSE:ET opened at $16.74 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.15 and a quick ratio of 0.92. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45. The stock’s 50-day moving average is $17.18 and its two-hundred day moving average is $17.41. The stock has a market cap of $57.45 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.00 and a beta of 0.78.

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

Energy Transfer Company Profile

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.