HUB Investment Partners LLC Has $2.78 Million Stock Holdings in Energy Transfer LP (NYSE:ET)

HUB Investment Partners LLC increased its holdings in shares of Energy Transfer LP (NYSE:ET - Free Report) by 417.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,043 shares of the pipeline company's stock after purchasing an additional 114,577 shares during the period. HUB Investment Partners LLC's holdings in Energy Transfer were worth $2,783,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ET. Watts Gwilliam & Co. LLC bought a new stake in Energy Transfer in the 4th quarter valued at approximately $1,297,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in Energy Transfer by 4.0% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 7,586,598 shares of the pipeline company's stock valued at $148,621,000 after acquiring an additional 293,088 shares in the last quarter. Forvis Mazars Wealth Advisors LLC lifted its stake in Energy Transfer by 164.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 60,566 shares of the pipeline company's stock valued at $1,186,000 after acquiring an additional 37,633 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in Energy Transfer by 30.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 242,042 shares of the pipeline company's stock valued at $3,885,000 after acquiring an additional 57,184 shares in the last quarter. Finally, Paragon Capital Management Ltd lifted its stake in Energy Transfer by 435.5% in the 4th quarter. Paragon Capital Management Ltd now owns 68,724 shares of the pipeline company's stock valued at $1,346,000 after acquiring an additional 55,890 shares in the last quarter. Institutional investors own 38.22% of the company's stock.

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Energy Transfer Stock Performance

Shares of ET stock traded down $0.21 during trading on Friday, reaching $18.65. 15,128,886 shares of the company's stock were exchanged, compared to its average volume of 14,520,280. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $63.98 billion, a PE ratio of 14.57, a PEG ratio of 0.64 and a beta of 1.72. Energy Transfer LP has a twelve month low of $14.90 and a twelve month high of $21.45. The firm's fifty day moving average price is $19.57 and its 200-day moving average price is $18.29.

Energy Transfer (NYSE:ET - Get Free Report) last posted its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. As a group, sell-side analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 6.97%. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer's dividend payout ratio is currently 101.56%.

Analysts Set New Price Targets

ET has been the topic of several research reports. Wells Fargo & Company boosted their target price on Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Royal Bank of Canada upped their price objective on Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Barclays upped their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. UBS Group reiterated a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Finally, Citigroup upped their price objective on Energy Transfer from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.