9,961 Shares in Energy Transfer LP (NYSE:ET) Bought by Central Bank & Trust Co.

Central Bank & Trust Co. purchased a new stake in shares of Energy Transfer LP (NYSE:ET) during the 2nd quarter, HoldingsChannel reports. The firm purchased 9,961 shares of the pipeline company’s stock, valued at approximately $161,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Berkley W R Corp increased its holdings in Energy Transfer by 11.6% in the 1st quarter. Berkley W R Corp now owns 5,334,494 shares of the pipeline company’s stock worth $83,912,000 after acquiring an additional 555,445 shares in the last quarter. NBC Securities Inc. increased its position in shares of Energy Transfer by 4.3% during the first quarter. NBC Securities Inc. now owns 56,366 shares of the pipeline company’s stock worth $886,000 after purchasing an additional 2,326 shares in the last quarter. US Bancorp DE raised its stake in Energy Transfer by 95.8% in the 4th quarter. US Bancorp DE now owns 145,894 shares of the pipeline company’s stock valued at $2,013,000 after purchasing an additional 71,386 shares during the last quarter. Savant Capital LLC raised its stake in Energy Transfer by 19.7% in the 4th quarter. Savant Capital LLC now owns 26,335 shares of the pipeline company’s stock valued at $363,000 after purchasing an additional 4,340 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Energy Transfer by 491.3% during the 1st quarter. Cetera Investment Advisers now owns 1,290,364 shares of the pipeline company’s stock worth $20,297,000 after purchasing an additional 1,072,144 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Insider Activity

In other Energy Transfer news, Director Kelcy L. Warren bought 3,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $15.68 per share, with a total value of $47,040,000.00. Following the purchase, the director now directly owns 123,385,650 shares in the company, valued at $1,934,686,992. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Kelcy L. Warren bought 3,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $15.68 per share, for a total transaction of $47,040,000.00. Following the completion of the purchase, the director now owns 123,385,650 shares of the company’s stock, valued at $1,934,686,992. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Thomas E. Long purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of $15.68 per share, with a total value of $313,600.00. Following the purchase, the chief executive officer now directly owns 4,308,859 shares of the company’s stock, valued at $67,562,909.12. The disclosure for this purchase can be found here. Insiders own 3.28% of the company’s stock.

Energy Transfer Trading Up 0.1 %

Shares of NYSE:ET traded up $0.02 during mid-day trading on Monday, reaching $16.32. 10,857,954 shares of the company were exchanged, compared to its average volume of 13,574,776. Energy Transfer LP has a 1 year low of $12.89 and a 1 year high of $16.50. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.18 and a quick ratio of 1.00. The firm’s 50-day simple moving average is $15.99 and its 200 day simple moving average is $15.56. The firm has a market cap of $55.00 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 0.42 and a beta of 1.66.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Wednesday, August 7th. The pipeline company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Energy Transfer had a return on equity of 12.22% and a net margin of 4.85%. The firm had revenue of $20.73 billion for the quarter, compared to analyst estimates of $22.01 billion. During the same quarter last year, the company earned $0.25 earnings per share. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. Equities research analysts forecast that Energy Transfer LP will post 1.49 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Friday, August 9th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 7.84%. The ex-dividend date is Friday, August 9th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio is currently 117.43%.

Analyst Ratings Changes

Several research firms have recently weighed in on ET. JPMorgan Chase & Co. raised their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, June 20th. Mizuho raised their target price on shares of Energy Transfer from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Stifel Nicolaus upped their price target on Energy Transfer from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. UBS Group lifted their price objective on Energy Transfer from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, Morgan Stanley raised their target price on Energy Transfer from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, June 10th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.29.

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.