Energy Transfer LP (NYSE:ET) Shares Sold by HFG Advisors Inc.

HFG Advisors Inc. decreased its holdings in Energy Transfer LP (NYSE:ET) by 9.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,595 shares of the pipeline company’s stock after selling 5,630 shares during the period. HFG Advisors Inc.’s holdings in Energy Transfer were worth $902,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Northwest Financial Advisors acquired a new position in shares of Energy Transfer during the fourth quarter worth $25,000. LRI Investments LLC acquired a new position in shares of Energy Transfer during the first quarter worth $29,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Energy Transfer during the fourth quarter worth $33,000. Harbor Investment Advisory LLC grew its stake in shares of Energy Transfer by 42.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 750 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in shares of Energy Transfer during the fourth quarter worth $34,000. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analysts Set New Price Targets

ET has been the subject of a number of research reports. UBS Group boosted their price target on shares of Energy Transfer from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Mizuho boosted their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Morgan Stanley boosted their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, June 10th. JPMorgan Chase & Co. boosted their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, June 20th. Finally, Stifel Nicolaus upped their target price on shares of Energy Transfer from $18.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.29.

Energy Transfer Stock Performance

Shares of NYSE:ET traded down $0.26 on Friday, reaching $15.66. The company’s stock had a trading volume of 36,043,393 shares, compared to its average volume of 13,403,997. The stock’s 50-day moving average is $15.95 and its two-hundred day moving average is $15.50. Energy Transfer LP has a 52-week low of $12.46 and a 52-week 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 stock has a market capitalization of $52.77 billion, a P/E ratio of 14.37, a PEG ratio of 0.42 and a beta of 1.66.

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

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Friday, August 9th will be issued a dividend of $0.32 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.28 annualized dividend and a yield of 8.17%. The ex-dividend date of this dividend is Friday, August 9th. Energy Transfer’s dividend payout ratio is currently 117.43%.

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.