20,918 Shares in Energy Transfer LP Unit (NYSE:ET) Bought by Burney Co.

Burney Co. purchased a new position in shares of Energy Transfer LP Unit (NYSE:ET) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,918 shares of the pipeline company’s stock, valued at approximately $322,000.

Other large investors have also added to or reduced their stakes in the company. Focused Wealth Management Inc acquired a new stake in Energy Transfer LP Unit during the 1st quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new position in shares of Energy Transfer LP Unit in the 1st quarter worth approximately $32,000. Global Wealth Management Investment Advisory Inc. acquired a new position in shares of Energy Transfer LP Unit in the 1st quarter worth approximately $34,000. Shamrock Asset Management LLC acquired a new position in shares of Energy Transfer LP Unit in the 1st quarter worth approximately $36,000. Finally, First Interstate Bank acquired a new position in shares of Energy Transfer LP Unit in the 1st quarter worth approximately $44,000. 56.97% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently weighed in on ET shares. ValuEngine lowered shares of Energy Transfer LP Unit from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Raymond James reiterated an “average” rating and issued a $19.00 price objective on shares of Energy Transfer LP Unit in a research note on Friday, June 21st. Zacks Investment Research lowered shares of Energy Transfer LP Unit from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Finally, Citigroup lifted their price objective on shares of Energy Transfer LP Unit from $16.00 to $19.50 and gave the company a “buy” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Energy Transfer LP Unit has an average rating of “Buy” and a consensus price target of $19.08.

In other Energy Transfer LP Unit news, EVP Thomas P. Mason sold 75,000 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $13.97, for a total transaction of $1,047,750.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael K. Grimm acquired 3,888 shares of the company’s stock in a transaction on Friday, June 14th. The shares were acquired at an average cost of $14.14 per share, for a total transaction of $54,976.32. The disclosure for this purchase can be found here. 3.28% of the stock is currently owned by insiders.

ET stock traded up $0.12 during midday trading on Friday, reaching $14.60. 4,594,513 shares of the company’s stock traded hands, compared to its average volume of 10,608,035. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.81 and a current ratio of 1.06. The firm has a market capitalization of $38.24 billion, a P/E ratio of 12.70 and a beta of 1.55. The firm has a fifty day simple moving average of $14.29. Energy Transfer LP Unit has a 52 week low of $11.68 and a 52 week high of $19.19.

Energy Transfer LP Unit (NYSE:ET) last posted its quarterly earnings data on Wednesday, May 8th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. The firm had revenue of $13.12 billion for the quarter, compared to the consensus estimate of $14.39 billion. Energy Transfer LP Unit had a net margin of 4.03% and a return on equity of 7.61%. Energy Transfer LP Unit’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts anticipate that Energy Transfer LP Unit will post 1.43 earnings per share for the current year.

Energy Transfer LP Unit Company Profile

Energy Transfer LP provides energy-related services in the United States and China. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

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Institutional Ownership by Quarter for Energy Transfer LP Unit (NYSE:ET)

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