MCF Advisors LLC Sells 724 Shares of Energy Transfer LP (NYSE:ET)

MCF Advisors LLC decreased its holdings in shares of Energy Transfer LP (NYSE:ET) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,195 shares of the pipeline company’s stock after selling 724 shares during the period. MCF Advisors LLC’s holdings in Energy Transfer were worth $132,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ET. Rehmann Capital Advisory Group lifted its stake in Energy Transfer by 2.0% in the first quarter. Rehmann Capital Advisory Group now owns 32,080 shares of the pipeline company’s stock valued at $505,000 after buying an additional 633 shares during the period. Veracity Capital LLC boosted its stake in Energy Transfer by 2.0% during the 2nd quarter. Veracity Capital LLC now owns 33,575 shares of the pipeline company’s stock worth $545,000 after acquiring an additional 659 shares during the last quarter. Sfmg LLC boosted its stake in Energy Transfer by 2.2% during the 1st quarter. Sfmg LLC now owns 31,406 shares of the pipeline company’s stock worth $494,000 after acquiring an additional 674 shares during the last quarter. Morton Capital Management LLC CA increased its stake in Energy Transfer by 1.6% in the second quarter. Morton Capital Management LLC CA now owns 44,383 shares of the pipeline company’s stock valued at $720,000 after purchasing an additional 699 shares in the last quarter. Finally, FinTrust Capital Advisors LLC raised its holdings in Energy Transfer by 3.6% in the first quarter. FinTrust Capital Advisors LLC now owns 20,201 shares of the pipeline company’s stock worth $318,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Stock Performance

Shares of ET traded up $0.05 during midday trading on Friday, reaching $16.45. The stock had a trading volume of 10,546,947 shares, compared to its average volume of 13,042,334. Energy Transfer LP has a one year low of $12.90 and a one year high of $16.64. The company has a current ratio of 1.14, a quick ratio of 0.92 and a debt-to-equity ratio of 1.38. The firm has a market cap of $55.44 billion, a PE ratio of 15.09, a P/E/G ratio of 0.50 and a beta of 1.66. The firm has a 50 day simple moving average of $16.16 and a 200-day simple moving average of $15.96.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Wednesday, August 7th. The pipeline company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The company 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 for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share. As a group, sell-side analysts anticipate that Energy Transfer LP will post 1.35 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ET shares. UBS Group boosted their price target on shares of Energy Transfer from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Bank of America assumed coverage on Energy Transfer in a research note on Thursday, October 17th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Royal Bank of Canada raised their price target on Energy Transfer from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Energy Transfer presently has an average rating of “Buy” and a consensus price target of $20.00.

Insider Activity

In other Energy Transfer news, CEO Thomas E. Long purchased 20,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of $15.68 per share, for a total transaction of $313,600.00. Following the completion of the transaction, the chief executive officer now owns 4,308,859 shares in the company, valued at approximately $67,562,909.12. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Kelcy L. Warren acquired 3,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average price of $15.68 per share, with a total value of $47,040,000.00. Following the completion of the transaction, the director now directly owns 123,385,650 shares of the company’s stock, valued at $1,934,686,992. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas E. Long bought 20,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $15.68 per share, for a total transaction of $313,600.00. Following the completion of the acquisition, the chief executive officer now owns 4,308,859 shares in the company, valued at approximately $67,562,909.12. This trade 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 acquired 3,040,000 shares of company stock valued at $47,667,200. 3.28% of the stock is owned by company insiders.

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.