Energy Transfer LP (NYSE:ET) Shares Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC raised its holdings in shares of Energy Transfer LP (NYSE:ET) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,239 shares of the pipeline company’s stock after acquiring an additional 6,425 shares during the quarter. Ellsworth Advisors LLC’s holdings in Energy Transfer were worth $1,011,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in ET. VitalStone Financial LLC boosted its position in shares of Energy Transfer by 100.0% during the 1st quarter. VitalStone Financial LLC now owns 3,000 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 1,500 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Energy Transfer in the 1st quarter valued at about $25,000. Rise Advisors LLC lifted its holdings in shares of Energy Transfer by 88.2% in the 4th quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 927 shares during the last quarter. Tsfg LLC lifted its holdings in shares of Energy Transfer by 86.8% in the 3rd quarter. Tsfg LLC now owns 2,152 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. Finally, IMA Wealth Inc. lifted its holdings in shares of Energy Transfer by 100.0% in the 2nd quarter. IMA Wealth Inc. now owns 2,400 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 1,200 shares during the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Stock Performance

ET traded up $0.19 on Friday, hitting $15.73. 12,326,671 shares of the company traded hands, compared to its average volume of 9,981,812. The company has a 50 day moving average of $14.68 and a 200-day moving average of $14.03. 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 stock has a market capitalization of $53.00 billion, a PE ratio of 14.43 and a beta of 1.64. Energy Transfer LP has a 12-month low of $12.06 and a 12-month high of $15.81.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.29 by $0.08. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $21.46 billion. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. Sell-side analysts anticipate that Energy Transfer LP will post 1.44 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.315 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a yield of 8.01%. Energy Transfer’s dividend payout ratio is currently 115.60%.

Analysts Set New Price Targets

ET has been the subject of several research reports. Citigroup boosted their target price on Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. UBS Group reduced their target price on Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.57.

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.