<div id="readability-page-1"><p>Westbourne Investment Advisors Inc. bought a new stake in shares of  Energy Transfer LP (NYSE:ET - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,700 shares of the pipeline company's stock, valued at approximately $321,000.</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>A number of other large investors also recently added to or reduced their stakes in the business. Tortoise Capital Advisors L.L.C. grew its holdings in  Energy Transfer by 2.6% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 38,205,495 shares of the pipeline company's stock valued at $710,240,000 after buying an additional 951,656 shares in the last quarter.  Kayne Anderson Capital Advisors LP boosted its position in shares of  Energy Transfer by 0.8% during the first quarter. Kayne Anderson Capital Advisors LP now owns 24,170,455 shares of the pipeline company's stock worth $449,329,000 after acquiring an additional 182,705 shares during the last quarter.  Energy Income Partners LLC grew its stake in  Energy Transfer by 12.0% during the first quarter. Energy Income Partners LLC now owns 23,120,066 shares of the pipeline company's stock valued at $429,802,000 after acquiring an additional 2,471,401 shares in the last quarter.  Westwood Holdings Group Inc. increased its holdings in  Energy Transfer by 2.8% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,787,080 shares of the pipeline company's stock valued at $312,072,000 after acquiring an additional 455,860 shares during the last quarter.  Finally, Chickasaw Capital Management LLC increased its holdings in  Energy Transfer by 3.2% in the 2nd quarter. Chickasaw Capital Management LLC now owns 16,158,771 shares of the pipeline company's stock valued at $292,959,000 after acquiring an additional 502,240 shares during the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors. </p><h2>Insiders Place Their Bets</h2><p>In other news, Director Kelcy L. Warren bought 1,350,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was bought at an average cost of $17.36 per share, for a total transaction of $23,436,000.00. Following the completion of the purchase, the director directly owned 69,178,477 shares in the company, valued at approximately $1,200,938,360.72. The trade was a 1.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities &amp; Exchange Commission, which can be accessed through this link. 3.28% of the stock is currently owned by company insiders. </p><h2>Energy Transfer Trading Up 1.6%</h2><ul><li>Energy Transfer's New Growth Engine Ignites Investor Interest</li></ul><p>ET opened at $16.72 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.92 and a debt-to-equity ratio of 1.44. The firm has a market cap of $57.41 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.01 and a beta of 0.76. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $21.45. The stock has a fifty day moving average price of $17.02 and a 200-day moving average price of $17.41. </p><p>Energy Transfer (NYSE:ET - Get Free Report) last posted its earnings results on Wednesday, November 5th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The company had revenue of $19.95 billion during the quarter, compared to analysts' expectations of $21.84 billion. Energy Transfer had a net margin of 5.80% and a return on equity of 11.08%. Energy Transfer's revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS.  As a group, equities research 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><ul><li>2 Stocks Hurt By Trump's Furniture Tariffs and 1 That Benefits</li></ul><p>The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Friday, November 7th will be given a dividend of $0.3325 per share. The ex-dividend date of this dividend is Friday, November 7th. This is a positive change from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.33 dividend on an annualized basis and a yield of 8.0%. Energy Transfer's dividend payout ratio  is currently 106.40%. </p><h2>Analyst Ratings Changes</h2><p>ET has been the subject of several research analyst reports. Barclays  restated an &#34;overweight&#34; rating and set a $25.00 price target on shares of Energy Transfer in a report on Wednesday, October 15th. UBS Group  restated a &#34;buy&#34; rating and issued a $22.00 price target on shares of Energy Transfer in a report on Wednesday, October 15th. Wells Fargo &amp; Company  reissued an &#34;overweight&#34; rating and issued a $23.00 price objective (up previously from $21.00) on shares of Energy Transfer in a research note on Tuesday, August 12th. Scotiabank assumed coverage on Energy Transfer in a research report on Tuesday, September 2nd. They set a &#34;sector outperform&#34; rating and a $23.00 target price for the company. Finally, Weiss Ratings  reiterated a &#34;buy (b)&#34; rating on shares of Energy Transfer in a report on Wednesday, October 8th. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $22.23.</p><p><b>Get Our Latest Analysis on ET</b></p><h2>Energy Transfer Company Profile</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>Further Reading</h2><ul><li>Five stocks we like better than Energy Transfer</li><li>What Investors Need to Know to Beat the Market</li><li>Datavault AI's 314% Upside: Huge Potential or Wall Street Mirage?</li><li>Breakout Stocks: What They Are and How to Identify Them</li><li>3 Data Memory Stocks Beating NVDA This Year</li><li>What Investors Need to Know About Upcoming IPOs</li><li>Insiders Sold Big at These 3 Stocks—Should You Worry?</li></ul><p><strong>Want to see what other hedge funds are holding ET?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Transfer LP (NYSE:ET - Free Report).</p><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 reporting and unbiased coverage. 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>Westbourne Investment Advisors Inc. acquired 17,700 shares of Energy Transfer LP (NYSE:ET) valued at approximately $321,000 during the 2nd quarter, as reported in their Form 13F filing. Other institutional investors also adjusted their stakes in the company. Energy Transfer's stock opened at $16.72, with a market cap of $57.41 billion. The company recently announced a quarterly dividend of $0.3325 per share, reflecting a yield of 8.0%. Energy Transfer's earnings report showed a miss on EPS estimates, with revenue down 3.9% year-over-year.</p>

17,700 Shares in Energy Transfer LP $ET Purchased by Westbourne Investment Advisors Inc.