Energy Transfer LP (ET) to Distribute Quarterly Dividend of $0.34 on November 19th

Energy Transfer LP (NYSEAMERICAN:ET) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 6th will be given a dividend of $0.3425 per share by the pipeline company on Thursday, November 19th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, November 6th. This is a 0.7% increase from Energy Transfer’s previous quarterly dividend of $0.34.

Energy Transfer has a dividend payout ratio of 87.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Energy Transfer to earn $1.69 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 80.5%.

Energy Transfer Trading Down 0.9%

Shares of Energy Transfer stock opened at $20.16 on Wednesday. Energy Transfer has a 52-week low of $16.18 and a 52-week high of $21.84. The stock has a market cap of $69.42 billion, a PE ratio of 13.71, a PEG ratio of 0.73 and a beta of 0.62. The firm has a 50-day moving average of $20.73 and a 200-day moving average of $19.68. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.94 and a current ratio of 1.16.

Energy Transfer (NYSEAMERICAN:ET) last issued its quarterly earnings results on Tuesday, November 3rd. The pipeline company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Energy Transfer had a return on equity of 11.55% and a net margin of 4.87%. During the same period in the prior year, the firm posted $0.28 earnings per share. As a group, sell-side analysts forecast that Energy Transfer will post 1.73 EPS for the current year.

Insider Activity

In other Energy Transfer news, Director Kelcy Warren bought 647,968 shares of Energy Transfer stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average cost of $21.26 per share, for a total transaction of $13,775,799.68. Following the completion of the transaction, the director directly owned 147,901,879 shares in the company, valued at $3,144,393,947.54. This represents a 0.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Perry purchased 12,359 shares of the company’s stock in a transaction on Friday, August 7th. The shares were purchased at an average cost of $20.23 per share, with a total value of $250,022.57. Following the purchase, the director owned 208,046 shares of the company’s stock, valued at approximately $4,208,770.58. The trade was a 6.32% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 1,012,359 shares of company stock worth $21,513,543. Company insiders own 3.28% of the company’s stock.

Institutional Investors Weigh In On Energy Transfer

A number of institutional investors have recently modified their holdings of ET. Bryn Mawr Trust Advisors LLC acquired a new position in shares of Energy Transfer during the third quarter worth approximately $239,000. Avion Wealth increased its holdings in shares of Energy Transfer by 12.3% in the third quarter. Avion Wealth now owns 31,954 shares of the pipeline company’s stock valued at $631,000 after purchasing an additional 3,508 shares in the last quarter. M Holdings Securities Inc. bought a new position in Energy Transfer in the 3rd quarter worth approximately $420,000. Avantax Planning Partners Inc. lifted its holdings in Energy Transfer by 12.6% during the 3rd quarter. Avantax Planning Partners Inc. now owns 37,562 shares of the pipeline company’s stock worth $743,000 after buying an additional 4,206 shares in the last quarter. Finally, Brighton Jones LLC lifted its holdings in Energy Transfer by 4.1% during the 3rd quarter. Brighton Jones LLC now owns 32,533 shares of the pipeline company’s stock worth $643,000 after buying an additional 1,288 shares in the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Company Profile

Energy Transfer LP is a diversified energy infrastructure company headquartered in Dallas, Texas. The partnership owns and operates a broad network of pipelines, processing facilities, storage assets and terminals that support the movement of natural gas, natural gas liquids, crude oil and refined products across the United States.

The company’s operations include gathering and processing natural gas, transporting and storing natural gas and NGLs, fractionating NGLs into component products, and transporting crude oil and refined products.