CoreCap Advisors LLC Has $4.84 Million Stake in Energy Transfer LP $ET

CoreCap Advisors LLC increased its stake in shares of Energy Transfer LP (NYSE:ETFree Report) by 23.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,240 shares of the pipeline company’s stock after buying an additional 55,062 shares during the quarter. CoreCap Advisors LLC’s holdings in Energy Transfer were worth $4,836,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Lee Financial Co increased its holdings in Energy Transfer by 359.7% in the third quarter. Lee Financial Co now owns 193,817 shares of the pipeline company’s stock valued at $3,326,000 after purchasing an additional 151,657 shares during the period. Eagle Global Advisors LLC lifted its holdings in Energy Transfer by 6.0% during the 3rd quarter. Eagle Global Advisors LLC now owns 6,466,059 shares of the pipeline company’s stock worth $110,958,000 after buying an additional 363,623 shares during the period. Corient Private Wealth LLC grew its position in shares of Energy Transfer by 223.7% in the 2nd quarter. Corient Private Wealth LLC now owns 1,690,771 shares of the pipeline company’s stock valued at $30,654,000 after buying an additional 1,168,440 shares during the last quarter. Jump Financial LLC increased its stake in shares of Energy Transfer by 2,687.9% in the second quarter. Jump Financial LLC now owns 1,791,358 shares of the pipeline company’s stock valued at $32,477,000 after buying an additional 1,727,104 shares during the period. Finally, Maryland State Retirement & Pension System increased its stake in shares of Energy Transfer by 5.2% in the third quarter. Maryland State Retirement & Pension System now owns 2,927,436 shares of the pipeline company’s stock valued at $50,235,000 after buying an additional 144,037 shares during the period. 38.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ET. Royal Bank Of Canada raised shares of Energy Transfer to a “moderate buy” rating in a research note on Monday, December 15th. Barclays reiterated an “overweight” rating and set a $22.00 price target (down from $25.00) on shares of Energy Transfer in a report on Monday, January 12th. Jefferies Financial Group reissued a “hold” rating on shares of Energy Transfer in a research note on Wednesday, February 18th. Wells Fargo & Company upped their target price on Energy Transfer from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Finally, UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Energy Transfer currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.60.

Check Out Our Latest Report on ET

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Energy Transfer Price Performance

ET stock opened at $19.66 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.22 and a quick ratio of 0.90. The company’s 50-day moving average is $18.55 and its 200-day moving average is $17.41. The stock has a market capitalization of $67.62 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.63. Energy Transfer LP has a 1 year low of $14.60 and a 1 year high of $19.82.

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

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Friday, February 6th were paid a dividend of $0.335 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, February 6th. This represents a $1.34 dividend on an annualized basis and a yield of 6.8%. Energy Transfer’s dividend payout ratio (DPR) is presently 110.74%.

Energy Transfer Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Energy Transfer (NYSE:ET)

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