Tfo Tdc LLC purchased a new stake in Energy Transfer LP Unit (NYSE:ET) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,761 shares of the pipeline company’s stock, valued at approximately $125,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Teacher Retirement System of Texas purchased a new stake in shares of Energy Transfer LP Unit during the 3rd quarter worth about $33,232,000. Comerica Bank lifted its position in Energy Transfer LP Unit by 13.9% during the 3rd quarter. Comerica Bank now owns 20,099,563 shares of the pipeline company’s stock worth $250,039,000 after acquiring an additional 2,456,002 shares in the last quarter. California Public Employees Retirement System lifted its position in Energy Transfer LP Unit by 59.1% during the 3rd quarter. California Public Employees Retirement System now owns 3,210,443 shares of the pipeline company’s stock worth $41,993,000 after acquiring an additional 1,192,582 shares in the last quarter. FMR LLC acquired a new position in Energy Transfer LP Unit during the 1st quarter worth approximately $16,012,000. Finally, Zimmer Partners LP lifted its position in Energy Transfer LP Unit by 9.0% during the 3rd quarter. Zimmer Partners LP now owns 11,115,648 shares of the pipeline company’s stock worth $145,393,000 after acquiring an additional 916,194 shares in the last quarter. Institutional investors own 53.42% of the company’s stock.
In other news, Director Richard D. Brannon purchased 100,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $12.79 per share, for a total transaction of $1,279,000.00. Following the acquisition, the director now owns 238,932 shares of the company’s stock, valued at $3,055,940.28. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Thomas E. Long purchased 18,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was purchased at an average price of $11.15 per share, with a total value of $200,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 517,698 shares in the company, valued at approximately $5,772,332.70. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 4,087,224 shares of company stock worth $47,999,005. 3.28% of the stock is currently owned by corporate insiders.
Energy Transfer LP Unit (NYSE:ET) last announced its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). Energy Transfer LP Unit had a net margin of 5.94% and a return on equity of 10.93%. The business had revenue of $13.50 billion during the quarter, compared to analyst estimates of $14.54 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities analysts expect that Energy Transfer LP Unit will post 1.4 earnings per share for the current fiscal year.
Several equities analysts recently commented on the company. Morgan Stanley assumed coverage on Energy Transfer LP Unit in a research report on Monday, January 6th. They set an “overweight” rating and a $18.00 price target on the stock. Royal Bank of Canada reissued a “buy” rating on shares of Energy Transfer LP Unit in a research report on Wednesday, December 18th. Zacks Investment Research raised Energy Transfer LP Unit from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. ValuEngine raised Energy Transfer LP Unit from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Citigroup reduced their price target on Energy Transfer LP Unit from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $19.40.
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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