Terril Brothers Inc. Purchases 1,552 Shares of Energy Transfer LP (NYSE:ET)

Terril Brothers Inc. increased its position in Energy Transfer LP (NYSE:ET) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 178,102 shares of the pipeline company’s stock after buying an additional 1,552 shares during the period. Energy Transfer comprises approximately 0.9% of Terril Brothers Inc.’s holdings, making the stock its 28th largest position. Terril Brothers Inc.’s holdings in Energy Transfer were worth $2,458,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ET. Alps Advisors Inc. boosted its holdings 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 worth $1,033,541,000 after buying an additional 9,341,798 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Energy Transfer by 38.3% in 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 in the last quarter. International Assets Investment Management LLC lifted its stake in Energy Transfer by 1,447.6% in the 4th quarter. International Assets Investment Management LLC now owns 3,756,955 shares of the pipeline company’s stock worth $518,460,000 after purchasing an additional 3,514,195 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Energy Transfer in the 3rd quarter worth $42,932,000. Finally, Barclays PLC lifted its stake in Energy Transfer by 31.1% in the 3rd quarter. Barclays PLC now owns 12,378,222 shares of the pipeline company’s stock worth $173,666,000 after purchasing an additional 2,933,353 shares in the last quarter. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Trading Up 0.1 %

NYSE:ET traded up $0.02 during mid-day trading on Friday, hitting $15.96. 5,346,991 shares of the stock traded hands, compared to its average volume of 11,025,037. The stock has a market capitalization of $53.78 billion, a price-to-earnings ratio of 14.64 and a beta of 1.64. Energy Transfer LP has a 52 week low of $12.18 and a 52 week high of $16.04. The firm’s 50 day moving average is $15.36 and its two-hundred day moving average is $14.33. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37.

Energy Transfer (NYSE:ET) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.29 by $0.08. The company had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $21.46 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. On average, equities research analysts predict that Energy Transfer LP will post 1.57 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be paid a $0.317 dividend. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 dividend on an annualized basis and a yield of 7.94%. The ex-dividend date of this dividend is Friday, May 10th. Energy Transfer’s dividend payout ratio is currently 115.60%.

Wall Street Analysts Forecast Growth

Several analysts have commented on ET shares. Citigroup boosted their price target 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 decreased 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 note on Thursday, February 15th. Finally, Mizuho restated a “buy” rating and set a $19.00 target price (up from $18.00) on shares of Energy Transfer in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

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.