Energy Transfer LP $ET Stock Holdings Increased by Baugh & Associates LLC

Baugh & Associates LLC lifted its holdings in Energy Transfer LP (NYSE:ET) by 40.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 159,533 shares of the pipeline company’s stock after purchasing an additional 46,131 shares during the quarter. Energy Transfer accounts for approximately 1.3% of Baugh & Associates LLC’s holdings, making the stock its 29th largest position. Baugh & Associates LLC’s holdings in Energy Transfer were worth $2,492,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC acquired a new stake in Energy Transfer in the second quarter worth about $168,917,000. Northside Capital Management LLC bought a new stake in shares of Energy Transfer during the 2nd quarter worth about $34,231,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Energy Transfer by 9.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,353,476 shares of the pipeline company’s stock worth $387,139,000 after buying an additional 1,825,391 shares in the last quarter. Jump Financial LLC lifted its stake in shares of Energy Transfer by 2,687.9% in the 2nd quarter. Jump Financial LLC now owns 1,791,358 shares of the pipeline company’s stock worth $32,477,000 after acquiring an additional 1,727,104 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in shares of Energy Transfer by 223.7% in the second quarter. Corient Private Wealth LLC now owns 1,690,771 shares of the pipeline company’s stock valued at $30,654,000 after acquiring an additional 1,168,440 shares in the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Stock Performance

Shares of NYSE ET opened at $17.39 on Wednesday. The stock’s fifty day simple moving average is $16.60 and its 200 day simple moving average is $17.07. The stock has a market capitalization of $59.69 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.90 and a beta of 0.66. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.50. Energy Transfer LP has a 52-week low of $14.60 and a 52-week high of $21.45.

Energy Transfer (NYSE:ET) last announced its earnings results on Wednesday, November 5th. The pipeline company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). The company had revenue of $19.95 billion for the quarter, compared to analysts’ expectations of $21.84 billion. Energy Transfer had a net margin of 5.66% and a return on equity of 10.71%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 earnings per share. As a group, sell-side analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Friday, November 7th were given a $0.3325 dividend. This represents a $1.33 annualized dividend and a dividend yield of 7.7%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, November 7th. Energy Transfer’s payout ratio is 106.40%.

Insider Activity

In other news, Director Kelcy L. Warren purchased 1,000,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were acquired at an average price of $16.95 per share, for a total transaction 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. The trade was a 0.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.28% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Energy Transfer in a report on Wednesday, December 24th. UBS Group reissued a “buy” rating on shares of Energy Transfer in a research note on Wednesday, January 7th. Barclays restated an “overweight” rating and issued a $22.00 price objective (down previously from $25.00) on shares of Energy Transfer in a report on Monday. Morgan Stanley lowered their target price on Energy Transfer from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, December 2nd. Finally, Royal Bank Of Canada raised shares of Energy Transfer to a “moderate buy” rating in a report on Monday, December 15th. Thirteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Energy Transfer currently has an average rating of “Moderate Buy” and an average price target of $21.50.

About Energy Transfer

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.