Energy Transfer LP $ET Stake Raised by Campbell Capital Management Inc.

Campbell Capital Management Inc. increased its holdings in Energy Transfer LP (NYSE:ET) by 70.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,100 shares of the pipeline company’s stock after acquiring an additional 52,100 shares during the period. Campbell Capital Management Inc.’s holdings in Energy Transfer were worth $2,079,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Lee Financial Co lifted its stake in Energy Transfer by 359.7% in the 3rd quarter. Lee Financial Co now owns 193,817 shares of the pipeline company’s stock worth $3,326,000 after acquiring an additional 151,657 shares in the last quarter. Eagle Global Advisors LLC raised its stake in shares of 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 purchasing an additional 363,623 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in shares of Energy Transfer by 5.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 2,927,436 shares of the pipeline company’s stock worth $50,235,000 after purchasing an additional 144,037 shares in the last quarter. Fidelis Capital Partners LLC raised its stake in shares of Energy Transfer by 150.2% during the 3rd quarter. Fidelis Capital Partners LLC now owns 105,003 shares of the pipeline company’s stock worth $1,802,000 after purchasing an additional 63,043 shares in the last quarter. Finally, Miller Howard Investments Inc. NY raised its stake 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 purchasing an additional 136,507 shares in the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Stock Up 0.3%

Shares of ET stock opened at $18.97 on Wednesday. The stock’s 50 day simple moving average is $18.88 and its 200 day simple moving average is $17.61. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.90 and a current ratio of 1.22. Energy Transfer LP has a twelve month low of $15.80 and a twelve month high of $19.85. The company has a market capitalization of $65.25 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 1.05 and a beta of 0.62.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). Energy Transfer had a net margin of 5.11% and a return on equity of 10.17%. The company had revenue of $25.32 billion during the quarter, compared to the consensus estimate of $23.56 billion. During the same period in the previous year, the business posted $0.29 earnings per share. The firm’s revenue was up 29.6% on a year-over-year basis. As a group, research analysts predict that Energy Transfer LP will post 1.48 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Friday, February 6th were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, February 6th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s dividend payout ratio (DPR) is 110.74%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ET. Jefferies Financial Group reaffirmed a “hold” rating on shares of Energy Transfer in a research note on Wednesday, February 18th. TD Cowen raised their price target on Energy Transfer from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Truist Financial began coverage on Energy Transfer in a research note on Tuesday, March 24th. They set a “buy” rating and a $23.00 price target for the company. Morgan Stanley raised their price target on Energy Transfer from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 10th. Finally, Barclays reaffirmed an “overweight” rating and set a $22.00 price target (down from $25.00) on shares of Energy Transfer in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.60.

About Energy Transfer

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.