Signaturefd LLC Increases Position in Energy Transfer LP (NYSE:ET)

Signaturefd LLC lifted its holdings in Energy Transfer LP (NYSE:ET) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,155 shares of the pipeline company’s stock after purchasing an additional 1,508 shares during the period. Signaturefd LLC’s holdings in Energy Transfer were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Rise Advisors LLC boosted its holdings in Energy Transfer by 88.2% in the 4th quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock worth $27,000 after buying an additional 927 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in Energy Transfer by 42.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock worth $34,000 after buying an additional 750 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in Energy Transfer in the 3rd quarter worth about $37,000. Fortitude Family Office LLC acquired a new stake in Energy Transfer in the 4th quarter worth about $40,000. Finally, Activest Wealth Management boosted its holdings in Energy Transfer by 33.9% in the 4th quarter. Activest Wealth Management now owns 2,909 shares of the pipeline company’s stock worth $40,000 after buying an additional 736 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ET. Mizuho reiterated a “buy” rating and issued a $19.00 price objective (up from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. Citigroup lifted their price objective on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, UBS Group lowered their target price on Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Energy Transfer presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Energy Transfer Trading Up 0.5 %

Shares of Energy Transfer stock opened at $15.95 on Friday. The stock has a market cap of $53.72 billion, a P/E ratio of 14.63 and a beta of 1.64. The stock’s 50 day simple moving average is $15.33 and its 200-day simple moving average is $14.31. Energy Transfer LP has a 1-year low of $12.18 and a 1-year high of $16.04. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.10 and a quick ratio of 0.88.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The firm had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $21.46 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. Analysts predict 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 will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be issued a $0.317 dividend. The ex-dividend date is Friday, May 10th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 dividend on an annualized basis and a yield of 7.95%. Energy Transfer’s dividend payout ratio is currently 115.60%.

About Energy Transfer

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.