Kercheville Advisors LLC Acquires 15,250 Shares of Energy Transfer LP (NYSE:ET)

Kercheville Advisors LLC grew its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,150 shares of the pipeline company's stock after acquiring an additional 15,250 shares during the period. Energy Transfer comprises 1.0% of Kercheville Advisors LLC's portfolio, making the stock its 25th largest position. Kercheville Advisors LLC's holdings in Energy Transfer were worth $2,687,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FMR LLC boosted its position in Energy Transfer by 44.0% during the 3rd quarter. FMR LLC now owns 33,379,297 shares of the pipeline company's stock valued at $535,738,000 after acquiring an additional 10,195,768 shares in the last quarter. Chickasaw Capital Management LLC lifted its position in Energy Transfer by 2.5% during 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 acquiring an additional 388,073 shares during the period. Brookfield Corp ON boosted its stake in Energy Transfer by 2.8% during the third quarter. Brookfield Corp ON now owns 13,139,924 shares of the pipeline company's stock worth $210,896,000 after acquiring an additional 352,625 shares in the last quarter. BNP Paribas Financial Markets grew 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 worth $185,594,000 after purchasing an additional 3,106,631 shares during the period. Finally, Citigroup Inc. increased its stake in shares of Energy Transfer by 45.9% during the third quarter. Citigroup Inc. now owns 9,581,762 shares of the pipeline company's stock valued at $153,787,000 after purchasing an additional 3,013,973 shares in the last quarter. 38.22% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

ET has been the topic of a number of recent research reports. Bank of America initiated coverage on Energy Transfer in a research note on Thursday, October 17th. They issued a "buy" rating and a $20.00 target price on the stock. Wells Fargo & Company boosted their price target on Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Barclays lifted their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Royal Bank of Canada upped their target price 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. Finally, The Goldman Sachs Group lifted their price target on shares of 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 issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $20.82.

Energy Transfer Stock Performance

Shares of NYSE:ET traded down $0.46 during midday trading on Friday, hitting $19.92. The company had a trading volume of 14,766,976 shares, compared to its average volume of 17,631,726. Energy Transfer LP has a 12-month low of $13.80 and a 12-month high of $21.45. The company has a fifty day moving average of $19.71 and a two-hundred day moving average of $17.64. The company has a market cap of $68.19 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 0.52 and a beta of 1.69. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The firm had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $21.59 billion. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. On average, equities research analysts expect that Energy Transfer LP will post 1.37 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th will be given a $0.325 dividend. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date is Friday, February 7th. Energy Transfer's dividend payout ratio is presently 95.59%.

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.