Capital Investment Advisors LLC Purchases 50,674 Shares of Energy Transfer LP $ET

Capital Investment Advisors LLC boosted its holdings in shares of Energy Transfer LP (NYSE:ETFree Report) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 386,101 shares of the pipeline company’s stock after buying an additional 50,674 shares during the period. Capital Investment Advisors LLC’s holdings in Energy Transfer were worth $6,367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Alps Advisors Inc. increased its stake in Energy Transfer by 4.5% in the 3rd quarter. Alps Advisors Inc. now owns 77,651,021 shares of the pipeline company’s stock worth $1,332,492,000 after acquiring an additional 3,366,734 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Energy Transfer by 3.2% in the 3rd quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock valued at $992,923,000 after acquiring an additional 1,773,042 shares in the last quarter. Energy Income Partners LLC boosted its position in shares of Energy Transfer by 1.4% during the 3rd quarter. Energy Income Partners LLC now owns 23,351,183 shares of the pipeline company’s stock valued at $400,706,000 after acquiring an additional 326,653 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Energy Transfer by 2.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,898,420 shares of the pipeline company’s stock worth $375,777,000 after purchasing an additional 544,944 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Energy Transfer during the third quarter worth about $264,309,000. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Energy Transfer from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Truist Financial assumed coverage on shares of Energy Transfer in a research note on Tuesday, March 24th. They issued a “buy” rating and a $23.00 price target for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Energy Transfer in a report on Wednesday, December 24th. Scotiabank restated an “outperform” rating on shares of Energy Transfer in a research report on Friday, January 16th. Finally, UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have 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 price target of $21.60.

View Our Latest Stock Report on ET

Key Headlines Impacting Energy Transfer

Here are the key news stories impacting Energy Transfer this week:

Energy Transfer Price Performance

Shares of Energy Transfer stock opened at $19.66 on Friday. Energy Transfer LP has a 52-week low of $14.60 and a 52-week high of $19.82. The stock has a market capitalization of $67.62 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 1.10 and a beta of 0.63. The company has a fifty day moving average of $18.55 and a 200-day moving average of $17.41. 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 (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 business had revenue of $25.32 billion during the quarter, compared to analysts’ expectations of $23.56 billion. Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.Energy Transfer’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 EPS. Equities research analysts expect that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

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

About Energy Transfer

(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.

Read More

Want to see what other hedge funds are holding ET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Transfer LP (NYSE:ETFree Report).

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

Receive News & Ratings for Energy Transfer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer and related companies with MarketBeat.com's FREE daily email newsletter.