Energy Transfer LP (NYSE:ET) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in Energy Transfer LP (NYSE:ET) by 37.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,192 shares of the pipeline company’s stock after acquiring an additional 12,787 shares during the period. Sequoia Financial Advisors LLC’s holdings in Energy Transfer were worth $757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Energy Transfer by 2.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 549,971 shares of the pipeline company’s stock valued at $8,651,000 after acquiring an additional 15,097 shares during the period. Toth Financial Advisory Corp lifted its position in Energy Transfer by 57.8% during the first quarter. Toth Financial Advisory Corp now owns 5,155 shares of the pipeline company’s stock valued at $81,000 after purchasing an additional 1,888 shares during the period. Founders Financial Securities LLC boosted its holdings in Energy Transfer by 1.5% in the first quarter. Founders Financial Securities LLC now owns 79,066 shares of the pipeline company’s stock valued at $1,244,000 after purchasing an additional 1,171 shares during the last quarter. HFG Advisors Inc. grew its position in Energy Transfer by 14.5% during the 1st quarter. HFG Advisors Inc. now owns 61,225 shares of the pipeline company’s stock worth $963,000 after purchasing an additional 7,740 shares during the period. Finally, Hexagon Capital Partners LLC raised its stake in shares of Energy Transfer by 7.8% during the 1st quarter. Hexagon Capital Partners LLC now owns 10,155 shares of the pipeline company’s stock valued at $160,000 after buying an additional 737 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Price Performance

Shares of NYSE ET opened at $16.45 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.92 and a current ratio of 1.14. The firm has a market cap of $56.30 billion, a PE ratio of 13.82, a PEG ratio of 0.49 and a beta of 1.66. Energy Transfer LP has a one year low of $12.90 and a one year high of $16.64. The firm has a fifty day moving average of $16.16 and a 200 day moving average of $15.96.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Wednesday, August 7th. The pipeline company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). Energy Transfer had a return on equity of 12.74% and a net margin of 5.19%. The company had revenue of $20.73 billion for the quarter, compared to analyst estimates of $22.01 billion. During the same quarter last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, research analysts predict that Energy Transfer LP will post 1.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ET has been the subject of a number of analyst reports. UBS Group boosted their price target on Energy Transfer from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Royal Bank of Canada increased their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Bank of America began coverage on shares of Energy Transfer in a report on Thursday, October 17th. They issued a “buy” rating and a $20.00 price objective for the company. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $20.00.

Insider Activity

In other news, Director Kelcy L. Warren purchased 3,000,000 shares of the 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 purchase, the director now directly owns 123,385,650 shares of the company’s stock, valued at approximately $1,934,686,992. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Energy Transfer news, Director Kelcy L. Warren acquired 3,000,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $15.68 per share, with a total value of $47,040,000.00. Following the purchase, the director now owns 123,385,650 shares in the company, valued at approximately $1,934,686,992. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory G. Mcilwain bought 20,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average cost of $15.68 per share, for a total transaction of $313,600.00. Following the completion of the purchase, the executive vice president now directly owns 591,211 shares in the company, valued at approximately $9,270,188.48. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 3,040,000 shares of company stock worth $47,667,200 over the last quarter. 3.28% of the stock is currently owned by corporate insiders.

About Energy Transfer

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.