Energy Transfer LP (NYSE:ET) Shares Bought by Kercheville Advisors LLC

Kercheville Advisors LLC raised its position in Energy Transfer LP (NYSE:ET - Free Report) by 12.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 137,150 shares of the pipeline company's stock after purchasing an additional 15,250 shares during the period. Energy Transfer accounts for approximately 1.0% of Kercheville Advisors LLC's portfolio, making the stock its 25th biggest holding. Kercheville Advisors LLC's holdings in Energy Transfer were worth $2,687,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ET. FMR LLC grew its holdings in shares of Energy Transfer by 44.0% in the third quarter. FMR LLC now owns 33,379,297 shares of the pipeline company's stock valued at $535,738,000 after purchasing an additional 10,195,768 shares during the period. Chickasaw Capital Management LLC grew its stake in shares of Energy Transfer by 2.5% in the 4th quarter. Chickasaw Capital Management LLC now owns 15,738,594 shares of the pipeline company's stock valued at $308,319,000 after buying an additional 388,073 shares during the period. Brookfield Corp ON increased its holdings in shares of Energy Transfer by 2.8% during the 3rd quarter. Brookfield Corp ON now owns 13,139,924 shares of the pipeline company's stock worth $210,896,000 after buying an additional 352,625 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Energy Transfer by 36.7% in 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 acquiring an additional 3,106,631 shares during the last quarter. Finally, Citigroup Inc. grew its position 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 acquiring an additional 3,013,973 shares during the period. Hedge funds and other institutional investors own 38.22% of the company's stock.

Energy Transfer Stock Down 0.7 %

Shares of NYSE:ET traded down $0.15 on Friday, hitting $19.91. 11,427,552 shares of the company's stock were exchanged, compared to its average volume of 17,355,619. Energy Transfer LP has a 1-year low of $13.80 and a 1-year high of $21.45. The company has a market capitalization of $68.15 billion, a PE ratio of 14.63, a P/E/G ratio of 0.54 and a beta of 1.69. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08. The firm's 50-day moving average is $19.71 and its 200 day moving average is $17.61.

Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.32. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The firm had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $21.59 billion. During the same period in the prior year, the company posted $0.31 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts predict that Energy Transfer LP will post 1.36 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th will be issued a $0.325 dividend. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 7th. This represents a $1.30 annualized dividend and a dividend yield of 6.53%. Energy Transfer's dividend payout ratio is presently 94.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their price target on Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. The Goldman Sachs Group upped their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Royal Bank of Canada boosted their price target on shares of Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Barclays increased their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Finally, Bank of America started coverage on Energy Transfer in a research note on Thursday, October 17th. They set a "buy" rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Energy Transfer has a consensus rating of "Moderate Buy" and an average target price of $20.82.

Energy Transfer 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.