Energy Transfer LP (NYSE:ET) is NBW Capital LLC’s 5th Largest Position

NBW Capital LLC increased its stake in Energy Transfer LP (NYSE:ET) by 5.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 916,889 shares of the pipeline company’s stock after buying an additional 43,628 shares during the period. Energy Transfer comprises 2.8% of NBW Capital LLC’s investment portfolio, making the stock its 5th biggest holding. NBW Capital LLC’s holdings in Energy Transfer were worth $12,653,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Rise Advisors LLC raised its stake in shares of Energy Transfer by 88.2% in the fourth quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock valued at $27,000 after buying an additional 927 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in Energy Transfer in the 1st quarter worth about $25,000. IMA Wealth Inc. raised its stake in Energy Transfer by 100.0% in the 2nd quarter. IMA Wealth Inc. now owns 2,400 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 1,200 shares during the period. Ronald Blue Trust Inc. purchased a new stake in Energy Transfer during the third quarter valued at about $34,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in Energy Transfer during the third quarter worth about $35,000. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Price Performance

Shares of ET traded up $0.27 during mid-day trading on Thursday, reaching $15.50. 12,757,987 shares of the stock traded hands, compared to its average volume of 12,454,491. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37. Energy Transfer LP has a 1 year low of $12.18 and a 1 year high of $16.04. The company has a market cap of $52.23 billion, a price-to-earnings ratio of 14.35 and a beta of 1.64. The firm has a fifty day moving average price of $15.12 and a 200 day moving average price of $14.22.

Energy Transfer (NYSE:ET) last announced its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. The business had revenue of $20.53 billion for the quarter, compared to analyst estimates of $21.46 billion. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. As a group, equities research analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 7th were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a yield of 8.13%. Energy Transfer’s payout ratio is presently 115.60%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group lowered their price target on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Mizuho reissued a “buy” rating and set a $19.00 target price (up previously from $18.00) on shares of Energy Transfer in a report on Thursday. Finally, Citigroup raised their price target on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.71.

Energy Transfer Company Profile

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.