Corps Capital Advisors LLC Acquires Shares of 189,152 Energy Transfer LP (NYSE:ET)

Corps Capital Advisors LLC acquired a new stake in Energy Transfer LP (NYSE:ET - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 189,152 shares of the pipeline company's stock, valued at approximately $3,705,000. Energy Transfer accounts for approximately 3.8% of Corps Capital Advisors LLC's holdings, making the stock its 5th largest position.

A number of other hedge funds have also added to or reduced their stakes in ET. FMR LLC grew its holdings in Energy Transfer by 44.0% during the 3rd quarter. FMR LLC now owns 33,379,297 shares of the pipeline company's stock worth $535,738,000 after acquiring an additional 10,195,768 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Energy Transfer by 1,491.0% during the third quarter. International Assets Investment Management LLC now owns 4,175,731 shares of the pipeline company's stock valued at $67,020,000 after buying an additional 3,913,266 shares during the period. BNP Paribas Financial Markets increased its holdings in Energy Transfer by 36.7% during the third quarter. BNP Paribas Financial Markets now owns 11,563,478 shares of the pipeline company's stock valued at $185,594,000 after buying an additional 3,106,631 shares during the period. Citigroup Inc. raised its stake in Energy Transfer by 45.9% in the third quarter. Citigroup Inc. now owns 9,581,762 shares of the pipeline company's stock worth $153,787,000 after buying an additional 3,013,973 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its holdings in Energy Transfer by 1,837.4% during the third quarter. Pathway Financial Advisers LLC now owns 1,338,885 shares of the pipeline company's stock worth $21,489,000 after buying an additional 1,269,778 shares during the period. 38.22% of the stock is currently owned by institutional investors.

Energy Transfer Stock Performance

ET traded down $0.53 during midday trading on Friday, hitting $19.42. 12,082,954 shares of the company were exchanged, compared to its average volume of 16,676,141. The firm has a market capitalization of $66.62 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 0.64 and a beta of 1.69. The company's 50 day simple moving average is $19.86 and its 200 day simple moving average is $17.87. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. Energy Transfer LP has a 1-year low of $14.52 and a 1-year high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. As a group, sell-side analysts predict 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 Wednesday, February 19th. Investors of record on Friday, February 7th were issued a dividend of $0.325 per share. The ex-dividend date was Friday, February 7th. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a yield of 6.70%. Energy Transfer's dividend payout ratio is 101.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ET shares. Royal Bank of Canada boosted their price target on Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Wells Fargo & Company upped their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Stifel Nicolaus raised their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Barclays boosted their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group raised their target price on Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Energy Transfer presently has a consensus rating of "Moderate Buy" and an average price target of $21.18.

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.