Energy Transfer LP $ET Position Increased by CoreCap Advisors LLC

CoreCap Advisors LLC grew its holdings in shares of Energy Transfer LP (NYSE:ET) by 14.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 238,178 shares of the pipeline company’s stock after purchasing an additional 30,607 shares during the period. CoreCap Advisors LLC’s holdings in Energy Transfer were worth $4,087,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brighton Jones LLC lifted its holdings in Energy Transfer by 93.4% in the fourth quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock worth $481,000 after acquiring an additional 11,844 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Energy Transfer by 42.1% during the 1st quarter. Baird Financial Group Inc. now owns 32,074 shares of the pipeline company’s stock worth $596,000 after purchasing an additional 9,500 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Energy Transfer by 62.8% in the 1st quarter. AQR Capital Management LLC now owns 21,041 shares of the pipeline company’s stock worth $391,000 after purchasing an additional 8,118 shares during the last quarter. Empowered Funds LLC boosted its position in Energy Transfer by 1.1% during the 1st quarter. Empowered Funds LLC now owns 405,820 shares of the pipeline company’s stock valued at $7,544,000 after purchasing an additional 4,329 shares during the period. Finally, SCS Capital Management LLC bought a new position in Energy Transfer during the 1st quarter worth $1,982,000. 38.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ET shares. Barclays reiterated an “overweight” rating and issued a $25.00 target price on shares of Energy Transfer in a research note on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Energy Transfer in a research report on Wednesday, December 24th. UBS Group restated a “buy” rating on shares of Energy Transfer in a research report on Wednesday. Jefferies Financial Group set a $17.00 price target on shares of Energy Transfer and gave the company a “hold” rating in a research note on Tuesday, October 28th. Finally, Royal Bank Of Canada upgraded Energy Transfer to a “moderate buy” rating in a research report on Monday, December 15th. Thirteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Energy Transfer has a consensus rating of “Moderate Buy” and a consensus target price of $21.75.

Insider Buying and Selling at Energy Transfer

In other Energy Transfer news, Director Kelcy L. Warren acquired 1,000,000 shares of Energy Transfer stock in a transaction dated Wednesday, November 19th. The stock was bought at an average price of $16.95 per share, for a total transaction of $16,950,000.00. Following the transaction, the director owned 104,577,803 shares in the company, valued at approximately $1,772,593,760.85. This trade represents a 0.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.28% of the company’s stock.

Energy Transfer Price Performance

Shares of NYSE:ET opened at $16.51 on Thursday. The stock has a market cap of $56.69 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 0.85 and a beta of 0.66. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.41 and a quick ratio of 1.14. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $21.45. The stock’s 50 day moving average price is $16.58 and its 200 day moving average price is $17.10.

Energy Transfer (NYSE:ET) last issued its quarterly earnings results on Wednesday, November 5th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The firm had revenue of $19.95 billion for the quarter, compared to analyst estimates of $21.84 billion. Energy Transfer had a net margin of 5.66% and a return on equity of 10.71%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. Equities research analysts anticipate 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, November 19th. Shareholders of record on Friday, November 7th were issued a $0.3325 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Friday, November 7th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s dividend payout ratio is currently 106.40%.

Energy Transfer Company Profile

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.