<div id="readability-page-1"><p>Trust Co. of Toledo NA OH purchased a new stake in  Energy Transfer LP (NYSE:ET - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 97,439 shares of the pipeline company's stock, valued at approximately $1,767,000.</p><div><p><span></span><span>Get <strong>Energy Transfer</strong> alerts:</span></p></div><ul><li>Bassett Furniture: Buy Now, Sit Back, and Collect Dividends</li></ul><p>Other hedge funds have also bought and sold shares of the company. Ryan Investment Management Inc. acquired a new stake in  Energy Transfer in the 2nd quarter valued at $31,000.  Vision Financial Markets LLC acquired a new stake in  Energy Transfer in the 1st quarter valued at $33,000.  Stone House Investment Management LLC acquired a new stake in  Energy Transfer in the 1st quarter valued at $38,000.  HWG Holdings LP acquired a new stake in  Energy Transfer in the 1st quarter valued at $38,000.  Finally, N.E.W. Advisory Services LLC acquired a new stake in  Energy Transfer in the 1st quarter valued at $40,000. Institutional investors and hedge funds own  38.22% of the company's stock. </p><h2>Energy Transfer Price Performance</h2><p>ET opened at $16.30 on Friday. The firm's fifty day moving average price is $17.34 and its two-hundred day moving average price is $17.47. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.15 and a quick ratio of 0.92. The company has a market capitalization of $55.95 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 0.98 and a beta of 0.78. Energy Transfer LP has a 1 year low of $14.60 and a 1 year high of $21.45. </p><ul><li>Energy Transfer's New Growth Engine Ignites Investor Interest</li></ul><p>Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The pipeline company reported $0.32 earnings per share for the quarter, hitting analysts' consensus estimates of $0.32. The company had revenue of $19.24 billion for the quarter, compared to the consensus estimate of $24.07 billion. Energy Transfer had a net margin of 5.80% and a return on equity of 11.08%. The firm's quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS.  As a group, analysts anticipate that  Energy Transfer LP will post 1.46 earnings per share for the current fiscal year. </p><h2>Energy Transfer Increases Dividend</h2><p>The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Friday, August 8th were issued a $0.33 dividend. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.1%. Energy Transfer's payout ratio is presently 102.33%. </p><h2>Analyst Ratings Changes</h2><ul><li>2 Stocks Hurt By Trump's Furniture Tariffs and 1 That Benefits</li></ul><p>ET has been the subject of several research reports. TD Cowen initiated coverage on shares of Energy Transfer in a research report on Monday, July 7th. They issued a &#34;buy&#34; rating and a $22.00 price target for the company. Wells Fargo &amp; Company  reissued an &#34;overweight&#34; rating and issued a $23.00 price target (up previously from $21.00) on shares of Energy Transfer in a research report on Tuesday, August 12th. Morgan Stanley cut their price objective on shares of Energy Transfer from $24.00 to $23.00 and set an &#34;overweight&#34; rating on the stock in a report on Tuesday, August 26th. Scotiabank initiated coverage on shares of Energy Transfer in a report on Tuesday, September 2nd. They set a &#34;sector outperform&#34; rating and a $23.00 price objective on the stock. Finally, Weiss Ratings  reaffirmed a &#34;buy (b)&#34; rating on shares of Energy Transfer in a report on Wednesday. Fourteen analysts have rated the stock with a Buy rating and one  has assigned  a Hold rating to the company's stock. Based on data from MarketBeat, Energy Transfer  has an average rating of &#34;Moderate Buy&#34; and an average price target of $22.50.</p><p><b>Check Out Our Latest Stock Analysis on Energy Transfer</b></p><h2>Insider Buying and Selling at Energy Transfer</h2><p>In related news, Director Kelcy L. Warren purchased 1,350,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were bought at an average cost of $17.36 per share, with a total value of $23,436,000.00. Following the acquisition, the director owned 69,178,477 shares of the company's stock, valued at $1,200,938,360.72. This represents a 1.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own  3.28% of the company's stock. </p><h2>About Energy Transfer</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Energy Transfer</li><li>Business Services Stocks Investing</li><li>3 Heavily Shorted Stocks That Could Pop on Rate Cuts</li><li>What is MarketRank™? How to Use it</li><li>Broadcom Gets Second $420 Target as CPO Win Boosts Outlook</li><li>The How And Why of Investing in Oil Stocks</li><li>PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVU?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVU"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Energy Transfer Right Now?</h2><p>Before you consider Energy Transfer, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Energy Transfer wasn't on the list.</p><p>While Energy Transfer currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Trust Co. of Toledo NA OH acquired a new stake in Energy Transfer LP (NYSE:ET) worth approximately $1.77 million in the second quarter, purchasing 97,439 shares. Other hedge funds also invested in Energy Transfer, which has a market cap of $55.95 billion and a current dividend yield of 8.1%. The company reported earnings of $0.32 per share for the last quarter, matching analysts' expectations, but revenue fell short. Analysts maintain a "Moderate Buy" rating on the stock with an average price target of $22.50.</p>

Trust Co. of Toledo NA OH Takes $1.77 Million Position in Energy Transfer LP $ET