NBC Securities Inc. Has $1.10 Million Stock Holdings in Energy Transfer LP (NYSE:ET)

NBC Securities Inc. boosted its stake in shares of Energy Transfer LP (NYSE:ET) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,738 shares of the pipeline company’s stock after purchasing an additional 4,381 shares during the quarter. NBC Securities Inc.’s holdings in Energy Transfer were worth $1,103,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Centaurus Financial Inc. grew its position in shares of Energy Transfer by 45.3% in the fourth quarter. Centaurus Financial Inc. now owns 16,015 shares of the pipeline company’s stock valued at $221,000 after purchasing an additional 4,993 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in Energy Transfer by 46.0% in the 4th quarter. EP Wealth Advisors LLC now owns 45,062 shares of the pipeline company’s stock valued at $622,000 after buying an additional 14,198 shares in the last quarter. Tompkins Financial Corp increased its position in Energy Transfer by 106.8% during the 1st quarter. Tompkins Financial Corp now owns 13,555 shares of the pipeline company’s stock worth $213,000 after buying an additional 7,000 shares during the period. MADDEN SECURITIES Corp bought a new position in Energy Transfer during the 1st quarter worth $340,000. Finally, ACT Wealth Management LLC lifted its holdings in shares of Energy Transfer by 9.4% during the first quarter. ACT Wealth Management LLC now owns 20,370 shares of the pipeline company’s stock worth $320,000 after buying an additional 1,750 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group raised their price target on shares of Energy Transfer from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. JPMorgan Chase & Co. raised their target price on shares of Energy Transfer from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, June 20th. Finally, Mizuho boosted their price target on Energy Transfer from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Energy Transfer presently has an average rating of “Buy” and a consensus price target of $20.00.

Insiders Place Their Bets

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

Energy Transfer Price Performance

ET stock opened at $16.37 on Wednesday. The company’s 50-day moving average price is $16.07 and its two-hundred day moving average price is $15.93. Energy Transfer LP has a 12 month low of $12.90 and a 12 month high of $16.64. The company has a quick ratio of 0.92, a current ratio of 1.14 and a debt-to-equity ratio of 1.38. The firm has a market cap of $55.17 billion, a P/E ratio of 15.02, a P/E/G ratio of 0.50 and a beta of 1.66.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Wednesday, August 7th. The pipeline company reported $0.35 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 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. On average, analysts anticipate that Energy Transfer LP will post 1.35 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were given a $0.32 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.28 dividend on an annualized basis and a yield of 7.82%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio (DPR) 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.