Kirr Marbach & Co. LLC IN Has $2.23 Million Stock Position in Energy Transfer LP (NYSE:ET)

Kirr Marbach & Co. LLC IN trimmed its position in Energy Transfer LP (NYSE:ET) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,028 shares of the pipeline company’s stock after selling 2,191 shares during the quarter. Kirr Marbach & Co. LLC IN’s holdings in Energy Transfer were worth $2,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ET. Hsbc Holdings PLC acquired a new position in Energy Transfer during the 2nd quarter valued at $290,000. Sei Investments Co. raised its stake in Energy Transfer by 77.4% during the 2nd quarter. Sei Investments Co. now owns 46,063 shares of the pipeline company’s stock valued at $747,000 after purchasing an additional 20,093 shares during the last quarter. Bank of Montreal Can raised its stake in Energy Transfer by 4.1% during the 2nd quarter. Bank of Montreal Can now owns 98,342 shares of the pipeline company’s stock valued at $1,598,000 after purchasing an additional 3,887 shares during the last quarter. Creative Planning increased its holdings in Energy Transfer by 5.7% in the 2nd quarter. Creative Planning now owns 681,018 shares of the pipeline company’s stock valued at $11,046,000 after buying an additional 36,668 shares during the period. Finally, Magnolia Capital Advisors LLC bought a new stake in Energy Transfer in the 2nd quarter valued at $496,000. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Stock Performance

Shares of NYSE:ET opened at $20.36 on Wednesday. The company has a market capitalization of $69.72 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 0.55 and a beta of 1.70. The firm’s 50 day simple moving average is $19.43 and its 200 day simple moving average is $17.39. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88. Energy Transfer LP has a fifty-two week low of $13.79 and a fifty-two week high of $21.45.

Energy Transfer (NYSE:ET) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The business had revenue of $20.77 billion during the quarter, compared to analysts’ expectations of $21.59 billion. During the same period in the prior year, the business earned $0.31 EPS. Energy Transfer’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Energy Transfer LP will post 1.37 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 6.38%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 7th. Energy Transfer’s dividend payout ratio is presently 94.85%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Bank of America initiated coverage on shares of Energy Transfer in a research report on Thursday, October 17th. They set a “buy” rating and a $20.00 target price on the stock. Royal Bank of Canada upped their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company upped their target price on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Barclays upped their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.82.

Energy Transfer Company 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.