12,000 Shares in Energy Transfer LP (NYSE:ET) Bought by Madison Park Capital Advisors LLC

Madison Park Capital Advisors LLC acquired a new position in shares of Energy Transfer LP (NYSE:ET) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,000 shares of the pipeline company’s stock, valued at approximately $166,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Alps Advisors Inc. grew its position in Energy Transfer by 14.5% during the 3rd quarter. Alps Advisors Inc. now owns 73,666,501 shares of the pipeline company’s stock worth $1,033,541,000 after acquiring an additional 9,341,798 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Energy Transfer by 38.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,621,485 shares of the pipeline company’s stock worth $353,576,000 after acquiring an additional 7,097,074 shares during the last quarter. UBS Group AG grew its position in Energy Transfer by 3.9% during the 3rd quarter. UBS Group AG now owns 25,274,342 shares of the pipeline company’s stock worth $354,599,000 after acquiring an additional 953,251 shares during the last quarter. Chickasaw Capital Management LLC grew its position in Energy Transfer by 7.5% during the 4th quarter. Chickasaw Capital Management LLC now owns 15,222,571 shares of the pipeline company’s stock worth $210,071,000 after acquiring an additional 1,060,322 shares during the last quarter. Finally, Barclays PLC grew its position in Energy Transfer by 31.1% during the 3rd quarter. Barclays PLC now owns 12,378,222 shares of the pipeline company’s stock worth $173,666,000 after acquiring an additional 2,933,353 shares during the last quarter. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Trading Up 0.3 %

Shares of NYSE ET traded up $0.04 during trading on Tuesday, reaching $15.87. The company had a trading volume of 10,878,634 shares, compared to its average volume of 12,472,339. Energy Transfer LP has a 12 month low of $12.18 and a 12 month high of $16.04. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. The company’s fifty day moving average price is $15.27 and its 200-day moving average price is $14.29. The stock has a market cap of $53.47 billion, a P/E ratio of 14.56 and a beta of 1.64.

Energy Transfer (NYSE:ET) last announced its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.29 by $0.08. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The company had revenue of $20.53 billion for the quarter, compared to analyst estimates of $21.46 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, research analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th were given a dividend of $0.315 per share. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 6th. This represents a $1.26 annualized dividend and a dividend yield of 7.94%. Energy Transfer’s dividend payout ratio is presently 115.60%.

Analysts Set New Price Targets

ET has been the topic of a number of research reports. UBS Group reduced their price objective on Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Mizuho reiterated a “buy” rating and issued a $19.00 price target (up previously from $18.00) on shares of Energy Transfer in a research report on Thursday, April 18th. Finally, Citigroup upped their price target on Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.00.

Energy Transfer Profile

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.