Clarkston Capital Partners LLC Has $1.96 Million Stock Holdings in Energy Transfer LP (NYSE:ET)

Clarkston Capital Partners LLC lowered its position in shares of Energy Transfer LP (NYSE:ET) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the pipeline company’s stock after selling 3,840 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Energy Transfer were worth $1,959,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. bought a new stake in shares of Energy Transfer during the fourth quarter worth $25,000. GAMMA Investing LLC bought a new stake in Energy Transfer during the 4th quarter worth about $29,000. United Community Bank acquired a new stake in Energy Transfer in the 4th quarter valued at about $35,000. Financial Life Planners bought a new position in shares of Energy Transfer in the fourth quarter worth about $37,000. Finally, Tortoise Investment Management LLC lifted its position in shares of Energy Transfer by 111.1% during the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 1,000 shares in the last quarter. 38.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ET shares. Barclays boosted their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. 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. Wells Fargo & Company raised their price target on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. UBS Group reissued a “buy” rating on shares of Energy Transfer in a report on Tuesday, March 4th. Finally, Morgan Stanley raised their target price on shares of Energy Transfer from $20.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Energy Transfer presently has an average rating of “Moderate Buy” and a consensus price target of $22.09.

Energy Transfer Stock Performance

Shares of NYSE:ET opened at $16.12 on Friday. The firm’s 50 day simple moving average is $19.18 and its 200 day simple moving average is $18.44. Energy Transfer LP has a fifty-two week low of $14.90 and a fifty-two week high of $21.45. The company has a market capitalization of $55.30 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 0.64 and a beta of 1.32. 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 (NYSE:ET) last posted its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share 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, sell-side analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 8.07%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer’s payout ratio is presently 101.56%.

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.