Enhancing Capital LLC Takes $1.58 Million Position in Energy Transfer LP (NYSE:ET)

Enhancing Capital LLC bought a new position in shares of Energy Transfer LP (NYSE:ET - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 80,640 shares of the pipeline company's stock, valued at approximately $1,580,000. Energy Transfer comprises approximately 1.3% of Enhancing Capital LLC's investment portfolio, making the stock its 27th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stonegate Investment Group LLC increased its holdings in Energy Transfer by 1.4% in the fourth quarter. Stonegate Investment Group LLC now owns 34,320 shares of the pipeline company's stock valued at $672,000 after buying an additional 482 shares in the last quarter. Private Client Services LLC increased its stake in shares of Energy Transfer by 3.1% in the 4th quarter. Private Client Services LLC now owns 16,915 shares of the pipeline company's stock valued at $331,000 after purchasing an additional 511 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in Energy Transfer by 0.4% in the 4th quarter. Wealthspire Advisors LLC now owns 130,202 shares of the pipeline company's stock worth $2,551,000 after purchasing an additional 535 shares during the period. Daymark Wealth Partners LLC boosted its position in Energy Transfer by 0.3% during the fourth quarter. Daymark Wealth Partners LLC now owns 160,678 shares of the pipeline company's stock worth $3,148,000 after purchasing an additional 547 shares in the last quarter. Finally, Platform Technology Partners increased its position in shares of Energy Transfer by 0.8% in the fourth quarter. Platform Technology Partners now owns 67,299 shares of the pipeline company's stock valued at $1,318,000 after buying an additional 553 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

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Energy Transfer Trading Down 1.1 %

Energy Transfer stock traded down $0.21 during midday trading on Friday, reaching $18.65. 15,128,886 shares of the stock traded hands, compared to its average volume of 14,499,522. The firm has a market cap of $63.98 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The company has a 50-day simple moving average of $19.59 and a two-hundred day simple moving average of $18.24. Energy Transfer LP has a 12-month low of $14.90 and a 12-month high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 EPS 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%. Research analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 6.97%. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer's payout ratio is presently 101.56%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Stifel Nicolaus raised their price objective on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Royal Bank of Canada increased their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Citigroup boosted their price target on shares of Energy Transfer from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Finally, UBS Group reiterated a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Energy Transfer currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.55.

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.