Mon Sep 09 15:40:51 UTC 2024: ## Ausdal Financial Partners Increases Stake in Energy Transfer LP

**New York, NY** – Ausdal Financial Partners Inc. boosted its holdings in Energy Transfer LP (NYSE: ET) by 4.5% during the second quarter, according to a recent filing with the Securities & Exchange Commission. The firm now owns 38,726 shares of the pipeline company’s stock, valued at $628,000.

This move follows a trend of increased institutional interest in Energy Transfer. Several other hedge funds and institutional investors also acquired new positions in the company during the recent quarters, including Northwest Financial Advisors, LRI Investments LLC, Atlantic Edge Private Wealth Management LLC, Ables Iannone Moore & Associates Inc., and Adirondack Trust Co. Institutional investors now own 38.22% of Energy Transfer’s outstanding shares.

Meanwhile, insider buying activity has been significant. Energy Transfer CEO Thomas E. Long purchased 20,000 shares on August 12th, bringing his total holdings to 4,308,859 shares. Director Kelcy L. Warren also acquired a substantial 3,000,000 shares on the same day, increasing his ownership to 123,385,650 shares. Insiders collectively bought 3,040,000 shares of Energy Transfer stock in the last quarter, representing 3.28% of the company’s shares.

Energy Transfer reported earnings on August 7th, missing analysts’ expectations on earnings but exceeding revenue estimates. The company also recently declared a quarterly dividend of $0.32, representing a yield of 8.06%. This is a positive change from the previous dividend payment.

**Analyst Outlook**

Analysts are projecting that Energy Transfer LP will post earnings of $1.4 per share for the current fiscal year. The company operates in the energy sector, owning and operating natural gas transportation pipelines, storage facilities, and related infrastructure.

**Market Performance**

Energy Transfer’s stock opened at $15.89 on Monday. The company has a market cap of $54.38 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.47, and a beta of 1.66.

**Disclaimer:** This article is for informational purposes only and does not constitute investment advice.

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