Energy Transfer LP (NYSE:ET) is NBW Capital LLC’s 5th Largest Position

NBW Capital LLC reduced its position in Energy Transfer LP (NYSE:ET) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 858,137 shares of the pipeline company’s stock after selling 40,363 shares during the period. Energy Transfer accounts for about 3.1% of NBW Capital LLC’s holdings, making the stock its 5th biggest holding. NBW Capital LLC’s holdings in Energy Transfer were worth $16,811,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ET. Princeton Global Asset Management LLC increased its position in Energy Transfer by 65.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 650 shares during the period. Assetmark Inc. increased its position in Energy Transfer by 2,138.5% in the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 1,668 shares during the period. GAMMA Investing LLC acquired a new position in Energy Transfer in the 4th quarter valued at about $29,000. Financial Life Planners acquired a new position in Energy Transfer in the 4th quarter valued at about $37,000. Finally, Citizens National Bank Trust Department acquired a new position in Energy Transfer in the 4th quarter valued at about $39,000. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Price Performance

Shares of NYSE:ET opened at $19.04 on Tuesday. The business’s 50 day simple moving average is $19.92 and its 200-day simple moving average is $18.07. The firm 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. Energy Transfer LP has a 12 month low of $14.87 and a 12 month high of $21.45.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. As a group, equities analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a $0.325 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a yield of 6.83%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio is presently 101.56%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ET shares. Barclays boosted their price target on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Citigroup boosted their price target on Energy Transfer from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Stifel Nicolaus boosted their target price on Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group boosted their target price on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada boosted their target price on Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.