Energy Transfer LP (NYSE:ET) Shares Purchased by Intellectus Partners LLC

Intellectus Partners LLC lifted its holdings in Energy Transfer LP (NYSE:ET) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,545 shares of the pipeline company’s stock after acquiring an additional 7,599 shares during the period. Intellectus Partners LLC’s holdings in Energy Transfer were worth $1,415,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ET. Alps Advisors Inc. increased its position in shares of Energy Transfer by 14.5% in the third 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Energy Transfer by 38.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,621,485 shares of the pipeline company’s stock valued at $353,576,000 after purchasing an additional 7,097,074 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Energy Transfer by 1,447.6% in the fourth quarter. International Assets Investment Management LLC now owns 3,756,955 shares of the pipeline company’s stock valued at $518,460,000 after purchasing an additional 3,514,195 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Energy Transfer in the third quarter valued at $42,932,000. Finally, Barclays PLC boosted its stake in shares of Energy Transfer by 31.1% in the third quarter. Barclays PLC now owns 12,378,222 shares of the pipeline company’s stock valued at $173,666,000 after purchasing an additional 2,933,353 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ET shares. Mizuho restated a “buy” rating and issued a $19.00 target price (up from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. UBS Group reduced their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Finally, Citigroup increased their price objective on shares of Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Energy Transfer Price Performance

Energy Transfer stock traded up $0.02 during trading hours on Friday, hitting $15.96. 5,346,991 shares of the company traded hands, compared to its average volume of 11,025,037. The firm has a market cap of $53.78 billion, a P/E ratio of 14.64 and a beta of 1.64. 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 firm’s 50-day simple moving average is $15.36 and its two-hundred day simple moving average is $14.33. Energy Transfer LP has a 1-year low of $12.18 and a 1-year high of $16.04.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. The company had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $21.46 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, analysts forecast that Energy Transfer LP will post 1.57 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be issued a $0.317 dividend. This represents a $1.27 annualized dividend and a dividend yield of 7.94%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, May 10th. Energy Transfer’s dividend payout ratio (DPR) is presently 115.60%.

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.