Energy Transfer LP (ET) To Go Ex-Dividend on November 6th

Energy Transfer LP (NYSEAMERICAN:ET) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 6th will be paid a dividend of $0.3425 per share by the pipeline company on Thursday, November 19th. This represents a $1.37 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Friday, November 6th. This is a 0.7% increase from Energy Transfer’s previous quarterly dividend of $0.34.

Energy Transfer has a dividend payout ratio of 87.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Energy Transfer to earn $1.69 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 80.5%.

Energy Transfer Price Performance

Shares of NYSEAMERICAN:ET opened at $20.45 on Friday. The firm’s 50 day moving average price is $20.82 and its 200-day moving average price is $20.06. Energy Transfer has a twelve month low of $16.18 and a twelve month high of $21.84. The company has a quick ratio of 0.94, a current ratio of 1.16 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $70.42 billion, a PE ratio of 13.91 and a beta of 0.60.

Energy Transfer (NYSEAMERICAN:ET) last announced its earnings results on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.21. The company had revenue of $34.33 billion during the quarter, compared to analyst estimates of $27.71 billion. Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The firm’s quarterly revenue was up 78.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. Equities research analysts expect that Energy Transfer will post 1.73 EPS for the current year.

Insiders Place Their Bets

In other Energy Transfer news, Director Kelcy Warren purchased 647,968 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were acquired at an average cost of $21.26 per share, with a total value of $13,775,799.68. Following the completion of the acquisition, the director directly owned 147,901,879 shares in the company, valued at $3,144,393,947.54. The trade was a 0.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James Perry acquired 12,359 shares of the stock in a transaction dated Friday, August 7th. The stock was acquired at an average price of $20.23 per share, for a total transaction of $250,022.57. Following the completion of the transaction, the director directly owned 208,046 shares of the company’s stock, valued at approximately $4,208,770.58. This represents a 6.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 1,012,359 shares of company stock valued at $21,513,543 in the last quarter. 3.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Osbon Capital Management LLC purchased a new stake in shares of Energy Transfer in the second quarter valued at $25,000. Sawyer & Company Inc purchased a new position in shares of Energy Transfer during the 3rd quarter worth about $30,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Energy Transfer during the 1st quarter worth about $35,000. Financial Life Planners purchased a new position in shares of Energy Transfer during the 1st quarter worth about $40,000. Finally, Bullseye Investment Management LLC bought a new position in Energy Transfer during the 2nd quarter valued at about $42,000. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Company Profile

Energy Transfer LP is a diversified energy infrastructure company headquartered in Dallas, Texas. The partnership owns and operates a broad network of pipelines, processing facilities, storage assets and terminals that support the movement of natural gas, natural gas liquids, crude oil and refined products across the United States.

The company’s operations include gathering and processing natural gas, transporting and storing natural gas and NGLs, fractionating NGLs into component products, and transporting crude oil and refined products.