Energy Transfer LP (ET) Director Richard D. Brannon Purchases 100,000 Shares of Stock

Energy Transfer LP (NYSE:ET) Director Richard D. Brannon acquired 100,000 shares of Energy Transfer stock in a transaction that occurred on Tuesday, September 11th. The shares were purchased at an average cost of $17.68 per share, for a total transaction of $1,768,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Energy Transfer stock opened at $15.90 on Wednesday. Energy Transfer LP has a fifty-two week low of $12.80 and a fifty-two week high of $19.34. The company has a market cap of $18.14 billion, a P/E ratio of 13.14 and a beta of 1.90. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.76 and a current ratio of 0.99.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Wednesday, August 8th. The pipeline company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.13). The firm had revenue of $14.12 billion for the quarter, compared to the consensus estimate of $12.67 billion. Energy Transfer had a return on equity of 5.50% and a net margin of 2.60%. Analysts expect that Energy Transfer LP will post 2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Thursday, November 8th will be issued a dividend of $0.305 per share. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $1.22 annualized dividend and a yield of 7.67%. Energy Transfer’s dividend payout ratio (DPR) is currently 100.83%.

Several research analysts recently weighed in on the stock. ValuEngine lowered shares of Energy Transfer from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Raymond James reissued a “buy” rating and set a $20.00 price objective on shares of Energy Transfer in a research note on Thursday, November 1st.

WARNING: This article was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at

Energy Transfer Company Profile

Energy Transfer LP provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

See Also: What is the S&P 500 Index?

Receive News & Ratings for Energy Transfer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer and related companies with's FREE daily email newsletter.

Leave a Reply