Sfmg LLC Has $424,000 Position in Energy Transfer LP (NYSE:ET)

Sfmg LLC raised its holdings in Energy Transfer LP (NYSE:ET) by 17.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,732 shares of the pipeline company’s stock after buying an additional 4,482 shares during the period. Sfmg LLC’s holdings in Energy Transfer were worth $424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC increased its stake in Energy Transfer by 109,332.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 145,943,387 shares of the pipeline company’s stock valued at $1,732,348,000 after buying an additional 145,810,023 shares during the last quarter. Morgan Stanley increased its stake in Energy Transfer by 20.9% in the 4th quarter. Morgan Stanley now owns 76,339,168 shares of the pipeline company’s stock valued at $906,146,000 after buying an additional 13,220,435 shares during the last quarter. Alps Advisors Inc. increased its stake in Energy Transfer by 14.5% in the 3rd quarter. Alps Advisors Inc. now owns 73,666,501 shares of the pipeline company’s stock valued at $1,033,541,000 after buying an additional 9,341,798 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Energy Transfer by 38.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,621,485 shares of the pipeline company’s stock worth $353,576,000 after purchasing an additional 7,097,074 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Energy Transfer by 3.9% during the 3rd quarter. UBS Group AG now owns 25,274,342 shares of the pipeline company’s stock worth $354,599,000 after purchasing an additional 953,251 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Stock Performance

NYSE ET opened at $15.23 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $51.30 billion, a P/E ratio of 13.97 and a beta of 1.64. Energy Transfer LP has a 12-month low of $12.18 and a 12-month high of $16.04. The firm has a 50-day moving average price of $15.12 and a two-hundred day moving average price of $14.22.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $21.46 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Analysts anticipate that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date was Tuesday, February 6th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.31. Energy Transfer’s dividend payout ratio is 115.60%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. UBS Group lowered their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.57.

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.