HRT Financial LP Buys 711,855 Shares of Energy Transfer LP $ET

HRT Financial LP raised its stake in Energy Transfer LP (NYSE:ET) by 61.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,873,174 shares of the pipeline company’s stock after purchasing an additional 711,855 shares during the period. HRT Financial LP owned approximately 0.05% of Energy Transfer worth $33,960,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC lifted its stake in shares of 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 buying an additional 565 shares during the period. Indiana Trust & Investment Management Co raised its holdings in Energy Transfer by 5.1% in the 1st quarter. Indiana Trust & Investment Management Co now owns 11,796 shares of the pipeline company’s stock valued at $219,000 after acquiring an additional 576 shares in the last quarter. Bogart Wealth LLC lifted its position 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 acquiring an additional 604 shares during the period. MCF Advisors LLC grew its holdings in shares of Energy Transfer by 7.2% during the 2nd quarter. MCF Advisors LLC now owns 9,195 shares of the pipeline company’s stock worth $167,000 after purchasing an additional 616 shares in the last quarter. Finally, Chicago Capital LLC raised its stake in shares of Energy Transfer by 2.6% in the second quarter. Chicago Capital LLC now owns 24,056 shares of the pipeline company’s stock valued at $436,000 after purchasing an additional 618 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Price Performance

NYSE:ET opened at $16.56 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.50. The firm has a market cap of $56.86 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.99 and a beta of 0.65. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $21.45. The company’s 50-day moving average price is $16.69 and its two-hundred day moving average price is $17.29.

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 for the quarter, compared to analyst estimates of $21.84 billion. Energy Transfer had a return on equity of 10.71% and a net margin of 5.66%.The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. On average, equities analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Friday, November 7th were issued a dividend of $0.3325 per share. The ex-dividend date was Friday, November 7th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.33 annualized dividend and a dividend yield of 8.0%. Energy Transfer’s dividend payout ratio (DPR) is currently 106.40%.

Wall Street Analyst Weigh In

ET has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Energy Transfer from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Monday, November 24th. Scotiabank reduced their price objective on shares of Energy Transfer from $23.00 to $21.00 and set a “sector outperform” rating for the company in a report on Thursday, November 13th. Barclays reissued an “overweight” rating and issued a $25.00 target price on shares of Energy Transfer in a research note on Wednesday, October 15th. Morgan Stanley cut their price target on shares of Energy Transfer from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Energy Transfer in a report on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Energy Transfer presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.62.

Insider Buying and Selling at Energy Transfer

In other Energy Transfer news, Director Kelcy L. Warren purchased 1,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was acquired at an average cost of $16.95 per share, with a total value of $16,950,000.00. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.28% of the company’s stock.

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.