Mutual Advisors LLC Has $629,000 Holdings in Energy Transfer LP (NYSE:ET)

Mutual Advisors LLC cut its holdings in Energy Transfer LP (NYSE:ETGet Rating) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,010 shares of the pipeline company’s stock after selling 2,306 shares during the quarter. Mutual Advisors LLC’s holdings in Energy Transfer were worth $629,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ET. EdgeRock Capital LLC acquired a new stake in Energy Transfer in the third quarter valued at about $29,000. Selective Wealth Management Inc. boosted its stake in Energy Transfer by 383.1% in the second quarter. Selective Wealth Management Inc. now owns 3,092 shares of the pipeline company’s stock valued at $31,000 after buying an additional 2,452 shares in the last quarter. Ronald Blue Trust Inc. acquired a new stake in Energy Transfer in the second quarter valued at about $31,000. Urban Wealth Management LLC acquired a new stake in Energy Transfer in the second quarter valued at about $32,000. Finally, Total Clarity Wealth Management Inc. acquired a new stake in shares of Energy Transfer during the second quarter valued at about $35,000. 37.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ET shares. Citigroup started coverage on Energy Transfer in a research note on Thursday, December 8th. They set a “buy” rating and a $16.00 price target on the stock. Mizuho lifted their price target on Energy Transfer from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, November 4th. Morgan Stanley lifted their price target on Energy Transfer from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, January 9th. Finally, Barclays lifted their price target on Energy Transfer from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, January 18th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $16.00.

Energy Transfer Trading Up 0.5 %

Shares of ET stock opened at $13.07 on Wednesday. The company has a market cap of $40.37 billion, a P/E ratio of 9.75 and a beta of 1.75. The stock has a 50 day simple moving average of $12.15 and a two-hundred day simple moving average of $11.73. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 1.08. Energy Transfer LP has a fifty-two week low of $9.02 and a fifty-two week high of $13.67.

Energy Transfer (NYSE:ETGet Rating) last issued its earnings results on Tuesday, November 1st. The pipeline company reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. The business had revenue of $22.94 billion during the quarter, compared to the consensus estimate of $27.57 billion. Energy Transfer had a return on equity of 13.01% and a net margin of 5.02%. Research analysts forecast that Energy Transfer LP will post 1.41 earnings per share for the current year.

Insiders Place Their Bets

In other Energy Transfer news, Chairman Kelcy L. Warren bought 155,000 shares of the stock in a transaction on Monday, November 7th. The stock was acquired at an average cost of $12.38 per share, for a total transaction of $1,918,900.00. Following the completion of the acquisition, the chairman now owns 52,733,477 shares in the company, valued at approximately $652,840,445.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Kelcy L. Warren acquired 155,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was purchased at an average price of $12.38 per share, for a total transaction of $1,918,900.00. Following the completion of the acquisition, the chairman now directly owns 52,733,477 shares in the company, valued at approximately $652,840,445.26. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard D. Brannon acquired 80,000 shares of the firm’s stock in a transaction dated Thursday, December 15th. The shares were purchased at an average price of $11.55 per share, with a total value of $924,000.00. Following the acquisition, the director now owns 580,000 shares of the company’s stock, valued at $6,699,000. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 740,000 shares of company stock worth $9,082,900. 3.28% of the stock is owned by corporate insiders.

Energy Transfer Profile

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Energy Transfer LP provides natural gas pipeline transportation and transmission services. It operates through the following segments: Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, Crude Oil Transportation and Services, Investment in Sunoco LP, Investment in USAC, and All Other.

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Institutional Ownership by Quarter for Energy Transfer (NYSE:ET)

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