Energy Transfer LP (NYSE:ET) Shares Sold by NBW Capital LLC

NBW Capital LLC decreased its holdings in shares of Energy Transfer LP (NYSE:ET) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 858,137 shares of the pipeline company’s stock after selling 40,363 shares during the quarter. Energy Transfer comprises 3.1% of NBW Capital LLC’s holdings, making the stock its 5th largest holding. NBW Capital LLC’s holdings in Energy Transfer were worth $16,811,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bedel Financial Consulting Inc. acquired a new stake in shares of Energy Transfer in the fourth quarter valued at $383,000. Steward Partners Investment Advisory LLC grew its stake in shares of Energy Transfer by 3.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 374,374 shares of the pipeline company’s stock valued at $7,334,000 after buying an additional 11,833 shares in the last quarter. Meridian Wealth Management LLC grew its stake in shares of Energy Transfer by 1.8% in the fourth quarter. Meridian Wealth Management LLC now owns 109,516 shares of the pipeline company’s stock valued at $2,145,000 after buying an additional 1,989 shares in the last quarter. Mission Wealth Management LP grew its stake in shares of Energy Transfer by 5.3% in the fourth quarter. Mission Wealth Management LP now owns 52,028 shares of the pipeline company’s stock valued at $1,019,000 after buying an additional 2,612 shares in the last quarter. Finally, Fidelis Capital Partners LLC grew its stake in shares of Energy Transfer by 31.7% in the fourth quarter. Fidelis Capital Partners LLC now owns 41,960 shares of the pipeline company’s stock valued at $871,000 after buying an additional 10,102 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Stock Down 1.3 %

Shares of NYSE ET opened at $19.04 on Tuesday. The company has a market capitalization of $65.33 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 0.64 and a beta of 1.69. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The business has a 50-day moving average of $19.92 and a two-hundred day moving average of $18.07. Energy Transfer LP has a 1 year low of $14.87 and a 1 year high of $21.45.

Energy Transfer (NYSE:ET) last announced 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, analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current fiscal 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 issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 6.83%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer’s payout ratio is 101.56%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ET. Citigroup lifted their price objective on Energy Transfer from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Stifel Nicolaus lifted their price objective on Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group lifted 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. Wells Fargo & Company lifted their target price on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada lifted their target price on Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, December 9th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.55.

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.