Penn Davis Mcfarland Inc. purchased a new stake in shares of Energy Transfer LP Unit (NYSE:ET) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 17,733 shares of the pipeline company’s stock, valued at approximately $250,000.

Other large investors have also made changes to their positions in the company. Buckingham Asset Management LLC bought a new position in shares of Energy Transfer LP Unit during the first quarter valued at $451,000. Neville Rodie & Shaw Inc. bought a new position in Energy Transfer LP Unit in the second quarter valued at about $616,000. Carroll Financial Associates Inc. bought a new position in Energy Transfer LP Unit in the second quarter valued at about $245,000. Heronetta Management L.P. bought a new position in Energy Transfer LP Unit in the first quarter valued at about $20,824,000. Finally, Meridian Investment Counsel Inc. bought a new position in Energy Transfer LP Unit in the first quarter valued at about $332,000. 56.96% of the stock is currently owned by hedge funds and other institutional investors.

NYSE ET opened at $14.72 on Friday. The stock has a 50-day moving average of $14.48. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.06 and a quick ratio of 0.81. Energy Transfer LP Unit has a 52 week low of $11.68 and a 52 week high of $19.19. The company has a market capitalization of $38.56 billion, a P/E ratio of 12.80 and a beta of 1.55.

Energy Transfer LP Unit (NYSE:ET) last posted its quarterly earnings data on Wednesday, May 8th. The pipeline company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. Energy Transfer LP Unit had a return on equity of 7.61% and a net margin of 4.03%. The firm had revenue of $13.12 billion for the quarter, compared to the consensus estimate of $14.39 billion. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts forecast that Energy Transfer LP Unit will post 1.42 EPS for the current fiscal year.

In other news, EVP Thomas P. Mason sold 75,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $13.97, for a total value of $1,047,750.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael K. Grimm acquired 3,888 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was bought 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 owned by company insiders.

ET has been the topic of a number of recent research reports. ValuEngine downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Raymond James set a $29.00 target price on Seacoast Banking Co. of Florida and gave the company a “buy” rating in a report on Friday, June 21st. Zacks Investment Research downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Thursday. Piper Jaffray Companies lowered their target price on Inovio Pharmaceuticals from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. Finally, Citigroup set a $86.00 target price on Prologis and gave the company a “buy” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.50.

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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