Energy Transfer LP (NYSE:ET) Shares Purchased by SCP Investment LP

SCP Investment LP boosted its position in shares of Energy Transfer LP (NYSE:ET) by 28.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,800 shares of the pipeline company’s stock after buying an additional 6,000 shares during the quarter. Energy Transfer makes up 0.4% of SCP Investment LP’s holdings, making the stock its 29th biggest position. SCP Investment LP’s holdings in Energy Transfer were worth $525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ET. Thrivent Financial for Lutherans lifted its position in shares of Energy Transfer by 57.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 21,671 shares of the pipeline company’s stock valued at $348,000 after buying an additional 7,870 shares in the last quarter. Cerity Partners LLC lifted its holdings in Energy Transfer by 29.1% during the third quarter. Cerity Partners LLC now owns 242,531 shares of the pipeline company’s stock valued at $3,893,000 after purchasing an additional 54,611 shares in the last quarter. FMR LLC grew its position in shares of Energy Transfer by 44.0% in the third quarter. FMR LLC now owns 33,379,297 shares of the pipeline company’s stock valued at $535,738,000 after purchasing an additional 10,195,768 shares during the period. CreativeOne Wealth LLC raised its position in shares of Energy Transfer by 27.7% during the 3rd quarter. CreativeOne Wealth LLC now owns 43,087 shares of the pipeline company’s stock worth $692,000 after purchasing an additional 9,335 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Energy Transfer by 0.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,497,601 shares of the pipeline company’s stock valued at $56,137,000 after buying an additional 12,545 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Trading Down 0.9 %

ET opened at $18.72 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The firm has a market cap of $64.22 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.64 and a beta of 1.72. Energy Transfer LP has a 52 week low of $14.90 and a 52 week high of $21.45. The business has a fifty day simple moving average of $19.46 and a 200-day simple moving average of $18.37.

Energy Transfer (NYSE:ET) last issued its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. On average, equities 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 declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 6.95%. The ex-dividend date was Friday, February 7th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio (DPR) is currently 101.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ET shares. The Goldman Sachs Group increased their target price on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 target price on shares of Energy Transfer in a research note on Tuesday, March 25th. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Wells Fargo & Company boosted their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Barclays increased their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Energy Transfer currently has an average rating of “Moderate Buy” and a consensus price target of $22.09.

About Energy Transfer

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.