Vise Technologies Inc. Acquires 73,494 Shares of Energy Transfer LP $ET

Vise Technologies Inc. increased its holdings in shares of Energy Transfer LP (TXSE:ET – Free Report) by 152.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 121,794 shares of the pipeline company’s stock after buying an additional 73,494 shares during the period. Vise Technologies Inc.’s holdings in Energy Transfer were worth $2,408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Osbon Capital Management LLC bought a new position in shares of Energy Transfer during the second quarter valued at approximately $25,000. Sawyer & Company Inc purchased a new position in shares of Energy Transfer during the third quarter valued at approximately $30,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Energy Transfer in the 1st quarter worth approximately $35,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Energy Transfer in the 2nd quarter worth approximately $42,000. Finally, Bullseye Investment Management LLC bought a new stake in shares of Energy Transfer in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Insider Activity

In other Energy Transfer news, Director Kelcy Warren purchased 647,968 shares of Energy Transfer stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average price of $21.26 per share, with a total value of $13,775,799.68. Following the transaction, the director directly owned 147,901,879 shares of the company’s stock, valued at $3,144,393,947.54. This trade represents a 0.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.28% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ET has been the subject of a number of analyst reports. Zacks Research lowered Energy Transfer from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. TD Cowen reiterated a “buy” rating and set a $25.00 price objective (up from $24.00) on shares of Energy Transfer in a research note on Monday, August 10th. JPMorgan Chase & Co. boosted their target price on Energy Transfer from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Weiss Ratings raised Energy Transfer from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, September 8th. Finally, Mizuho set a $26.00 price target on Energy Transfer in a report on Tuesday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.73.

Check Out Our Latest Stock Analysis on Energy Transfer

Energy Transfer Price Performance

Shares of TXSE:ET opened at $19.19 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.94 and a current ratio of 1.16. The business has a 50-day simple moving average of $20.65 and a two-hundred day simple moving average of $19.70. Energy Transfer LP has a fifty-two week low of $16.18 and a fifty-two week high of $21.84. The firm has a market cap of $66.08 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.73 and a beta of 0.62.

Energy Transfer (TXSE:ET – Get Free Report) last issued its earnings results on Tuesday, November 3rd. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). The company had revenue of $37.10 billion during the quarter, compared to analysts’ expectations of $30.98 billion. Energy Transfer had a return on equity of 11.55% and a net margin of 4.87%. During the same quarter in the prior year, the business posted $0.28 EPS. On average, analysts expect that Energy Transfer LP will post 1.73 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.3425 per share. The ex-dividend date is Friday, November 6th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 7.1%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s dividend payout ratio is presently 90.13%.

Energy Transfer News Summary

Here are the key news stories impacting Energy Transfer this week:

Energy Transfer Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Transfer LP (TXSE:ET – Free Report).

Institutional Ownership by Quarter for Energy Transfer (TXSE:ET)

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