Clarkston Capital Partners LLC Has $2.57 Million Position in Energy Transfer LP $ET

Clarkston Capital Partners LLC lifted its holdings in Energy Transfer LP (NYSE:ET) by 30.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,000 shares of the pipeline company’s stock after acquiring an additional 35,000 shares during the period. Clarkston Capital Partners LLC’s holdings in Energy Transfer were worth $2,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ET. Alps Advisors Inc. grew its stake in Energy Transfer by 4.5% during the third quarter. Alps Advisors Inc. now owns 77,651,021 shares of the pipeline company’s stock worth $1,332,492,000 after purchasing an additional 3,366,734 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Energy Transfer by 9.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,353,476 shares of the pipeline company’s stock worth $387,139,000 after purchasing an additional 1,825,391 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in Energy Transfer by 14.3% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 8,211,600 shares of the pipeline company’s stock valued at $140,911,000 after buying an additional 1,029,000 shares during the period. Eagle Global Advisors LLC lifted its stake in Energy Transfer by 6.0% in the third quarter. Eagle Global Advisors LLC now owns 6,466,059 shares of the pipeline company’s stock valued at $110,958,000 after buying an additional 363,623 shares during the period. Finally, Miller Howard Investments Inc. NY boosted its holdings in shares of Energy Transfer by 2.6% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 5,351,145 shares of the pipeline company’s stock worth $91,826,000 after buying an additional 136,507 shares in the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Price Performance

Shares of NYSE:ET opened at $18.73 on Monday. Energy Transfer LP has a twelve month low of $14.60 and a twelve month high of $19.30. The stock’s 50 day moving average is $17.92 and its 200-day moving average is $17.26. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $64.44 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 0.99 and a beta of 0.63.

Energy Transfer (NYSE:ET) last posted its quarterly earnings results on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.09). The business had revenue of $25.32 billion during the quarter, compared to analyst estimates of $23.56 billion. Energy Transfer had a net margin of 5.11% and a return on equity of 10.17%. The business’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. Sell-side analysts forecast that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Friday, February 6th were issued a dividend of $0.335 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.34 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date was Friday, February 6th. Energy Transfer’s dividend payout ratio is 110.74%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Royal Bank Of Canada raised shares of Energy Transfer to a “moderate buy” rating in a research report on Monday, December 15th. Scotiabank reissued an “outperform” rating on shares of Energy Transfer in a research note on Friday, January 16th. Jefferies Financial Group restated a “hold” rating on shares of Energy Transfer in a report on Wednesday, February 18th. Barclays reaffirmed an “overweight” rating and issued a $22.00 price target (down from $25.00) on shares of Energy Transfer in a research note on Monday, January 12th. Finally, UBS Group reiterated a “buy” rating on shares of Energy Transfer in a report on Wednesday, January 7th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.20.

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.