Janney Montgomery Scott LLC Grows Stake in Energy Transfer LP (NYSE:ET)

Janney Montgomery Scott LLC raised its stake in shares of Energy Transfer LP (NYSE:ETFree Report) by 6.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 430,479 shares of the pipeline company’s stock after buying an additional 25,175 shares during the period. Janney Montgomery Scott LLC’s holdings in Energy Transfer were worth $6,040,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Fractal Investments LLC increased its stake in shares of Energy Transfer by 12.9% in the 3rd quarter. Fractal Investments LLC now owns 5,682,061 shares of the pipeline company’s stock valued at $79,719,000 after purchasing an additional 647,885 shares in the last quarter. Cutter & CO Brokerage Inc. increased its stake in shares of Energy Transfer by 22.5% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 421,372 shares of the pipeline company’s stock valued at $5,912,000 after purchasing an additional 77,352 shares in the last quarter. Tectonic Advisors LLC purchased a new position in shares of Energy Transfer in the 3rd quarter valued at about $4,507,000. Independent Advisor Alliance increased its stake in shares of Energy Transfer by 50.0% in the 3rd quarter. Independent Advisor Alliance now owns 219,806 shares of the pipeline company’s stock valued at $3,084,000 after purchasing an additional 73,270 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in shares of Energy Transfer by 5.1% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 6,656,094 shares of the pipeline company’s stock valued at $93,385,000 after purchasing an additional 320,915 shares in the last quarter. Hedge funds and other institutional investors own 33.79% of the company’s stock.

Energy Transfer Price Performance

Shares of Energy Transfer stock opened at $13.94 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. Energy Transfer LP has a twelve month low of $11.45 and a twelve month high of $14.65. The business has a 50-day moving average price of $13.89 and a 200 day moving average price of $13.61. The firm has a market cap of $43.84 billion, a PE ratio of 13.15 and a beta of 1.64.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 7th will be paid a dividend of $0.315 per share. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a yield of 9.04%. The ex-dividend date is Tuesday, February 6th. Energy Transfer’s payout ratio is 118.87%.

About Energy Transfer

(Free Report)

Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,945 miles of interstate natural gas pipeline.

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

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