Savant Capital LLC Boosts Stock Position in Energy Transfer LP (NYSE:ET)

Savant Capital LLC boosted its holdings in shares of Energy Transfer LP (NYSE:ET) by 19.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 26,335 shares of the pipeline company’s stock after acquiring an additional 4,340 shares during the period. Savant Capital LLC’s holdings in Energy Transfer were worth $363,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Rise Advisors LLC increased its stake in Energy Transfer by 88.2% during the fourth quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 927 shares during the last quarter. Harbor Investment Advisory LLC increased its position in shares of Energy Transfer by 42.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 750 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in Energy Transfer during the 3rd quarter valued at $37,000. Community Bank N.A. lifted its position in Energy Transfer by 55.9% in the fourth quarter. Community Bank N.A. now owns 2,651 shares of the pipeline company’s stock worth $37,000 after buying an additional 951 shares during the last quarter. Finally, Fortitude Family Office LLC purchased a new position in Energy Transfer during the fourth quarter worth $40,000. Institutional investors own 38.22% of the company’s stock.

Analyst Upgrades and Downgrades

ET has been the subject of several analyst reports. Mizuho restated a “buy” rating and issued a $19.00 target price (up previously from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. Citigroup boosted their target price on Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, UBS Group decreased their price target on Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.00.

Energy Transfer Stock Up 0.7 %

NYSE:ET opened at $15.89 on Monday. The company’s 50-day simple moving average is $15.46 and its 200-day simple moving average is $14.40. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 1.10. Energy Transfer LP has a fifty-two week low of $12.18 and a fifty-two week high of $16.07. The stock has a market capitalization of $53.54 billion, a P/E ratio of 14.58 and a beta of 1.63.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The business had revenue of $20.53 billion for the quarter, compared to analyst estimates of $21.46 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts anticipate that Energy Transfer LP will post 1.56 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be issued a $0.317 dividend. This represents a $1.27 annualized dividend and a yield of 7.98%. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio (DPR) is currently 115.60%.

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.