Wealth Alliance Advisory Group LLC Acquires 1,441 Shares of Energy Transfer LP (NYSE:ET)

Wealth Alliance Advisory Group LLC raised its holdings in Energy Transfer LP (NYSE:ET) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,484 shares of the pipeline company’s stock after purchasing an additional 1,441 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Energy Transfer were worth $698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in Energy Transfer during the 1st quarter worth about $29,000. HWG Holdings LP acquired a new position in shares of Energy Transfer during the second quarter worth approximately $33,000. Sugarloaf Wealth Management LLC grew its stake in shares of Energy Transfer by 43.6% during the third quarter. Sugarloaf Wealth Management LLC now owns 2,472 shares of the pipeline company’s stock valued at $40,000 after purchasing an additional 750 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in shares of Energy Transfer in the second quarter valued at approximately $42,000. Finally, Hudson Edge Investment Partners Inc. acquired a new position in Energy Transfer during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 38.22% of the company’s stock.

Insider Buying and Selling at Energy Transfer

In other Energy Transfer news, Director Kelcy L. Warren acquired 3,000,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $15.68 per share, for a total transaction of $47,040,000.00. Following the acquisition, the director now directly owns 123,385,650 shares of the company’s stock, valued at approximately $1,934,686,992. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Gregory G. Mcilwain purchased 20,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $15.68 per share, with a total value of $313,600.00. Following the purchase, the executive vice president now directly owns 591,211 shares of the company’s stock, valued at $9,270,188.48. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kelcy L. Warren acquired 3,000,000 shares of Energy Transfer stock in a transaction dated 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 completion of the transaction, the director now directly owns 123,385,650 shares of the company’s stock, valued at $1,934,686,992. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 3,040,000 shares of company stock valued at $47,667,200. Company insiders own 3.28% of the company’s stock.

Energy Transfer Price Performance

Shares of ET opened at $16.41 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.92 and a debt-to-equity ratio of 1.38. The stock has a market cap of $55.30 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 0.50 and a beta of 1.66. The stock’s 50-day moving average price is $16.11 and its two-hundred day moving average price is $15.95. Energy Transfer LP has a 1 year low of $12.90 and a 1 year high of $16.64.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Wednesday, August 7th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The firm had revenue of $20.73 billion for the quarter, compared to analyst estimates of $22.01 billion. Energy Transfer had a net margin of 5.19% and a return on equity of 12.74%. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. On average, equities analysts predict that Energy Transfer LP will post 1.35 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 9th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.28 annualized dividend and a yield of 7.80%. Energy Transfer’s payout ratio is currently 117.43%.

Wall Street Analyst Weigh In

ET has been the subject of a number of recent research reports. Royal Bank of Canada boosted their target price on Energy Transfer from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group boosted their price objective on Energy Transfer from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Bank of America initiated coverage on shares of Energy Transfer in a research note on Thursday. They issued a “buy” rating and a $20.00 target price on the stock. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $20.00.

Energy Transfer 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.