American Institute for Advanced Investment Management LLP Acquires 2,961 Shares of Energy Transfer LP (NYSE:ET)

American Institute for Advanced Investment Management LLP lifted its position in Energy Transfer LP (NYSE:ET) by 10.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,802 shares of the pipeline company’s stock after buying an additional 2,961 shares during the period. American Institute for Advanced Investment Management LLP’s holdings in Energy Transfer were worth $510,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. LRI Investments LLC acquired a new position in shares of Energy Transfer in the 1st quarter valued at approximately $29,000. HWG Holdings LP acquired a new position in shares of Energy Transfer during the second quarter worth $33,000. Sugarloaf Wealth Management LLC increased its stake in shares of Energy Transfer by 43.6% in the third quarter. Sugarloaf Wealth Management LLC now owns 2,472 shares of the pipeline company’s stock valued at $40,000 after buying an additional 750 shares during the period. EdgeRock Capital LLC bought a new position in Energy Transfer during the 2nd quarter worth approximately $42,000. Finally, Hudson Edge Investment Partners Inc. acquired a new position in Energy Transfer in the second quarter valued at $42,000. 38.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on ET shares. Bank of America assumed coverage on Energy Transfer in a report on Thursday, October 17th. They set a “buy” rating and a $20.00 price objective for the company. UBS Group increased their price target on Energy Transfer from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, Royal Bank of Canada increased their price objective on Energy Transfer from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $20.00.

Insider Buying and Selling

In related news, CEO Thomas E. Long bought 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of $15.68 per share, for a total transaction of $313,600.00. Following the acquisition, the chief executive officer now owns 4,308,859 shares of the company’s stock, valued at approximately $67,562,909.12. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other Energy Transfer news, Director Kelcy L. Warren bought 3,000,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were bought at an average price of $15.68 per share, for a total transaction of $47,040,000.00. Following the transaction, the director now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas E. Long purchased 20,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was purchased at an average price of $15.68 per share, with a total value of $313,600.00. Following the transaction, the chief executive officer now owns 4,308,859 shares of the company’s stock, valued at approximately $67,562,909.12. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 3,040,000 shares of company stock worth $47,667,200. 3.28% of the stock is owned by corporate insiders.

Energy Transfer Price Performance

Shares of NYSE:ET traded down $0.01 on Thursday, reaching $16.37. The company’s stock had a trading volume of 1,891,849 shares, compared to its average volume of 13,020,136. The company has a 50-day simple moving average of $16.15 and a 200 day simple moving average of $15.96. Energy Transfer LP has a 52-week low of $12.90 and a 52-week high of $16.64. The company has a market cap of $55.17 billion, a P/E ratio of 15.03, a PEG ratio of 0.50 and a beta of 1.66. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.92 and a current ratio of 1.14.

Energy Transfer (NYSE:ET) last posted 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 the consensus estimate of $22.01 billion. Energy Transfer had a return on equity of 12.74% and a net margin of 5.19%. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. As a group, equities research analysts anticipate that Energy Transfer LP will post 1.35 EPS for the current fiscal year.

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.