Intellus Advisors LLC Purchases New Holdings in Energy Transfer LP (NYSE:ET)

Intellus Advisors LLC acquired a new stake in shares of Energy Transfer LP (NYSE:ET - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 91,891 shares of the pipeline company's stock, valued at approximately $1,800,000.

Other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in Energy Transfer by 44.0% in the third quarter. FMR LLC now owns 33,379,297 shares of the pipeline company's stock worth $535,738,000 after buying an additional 10,195,768 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Energy Transfer by 7.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company's stock worth $469,920,000 after acquiring an additional 1,723,683 shares during the last quarter. Chickasaw Capital Management LLC boosted 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 purchasing an additional 388,073 shares in the last quarter. Brookfield Corp ON grew 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 valued at $210,896,000 after purchasing an additional 352,625 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Energy Transfer by 36.7% in the 3rd 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. 38.22% of the stock is owned by institutional investors.

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Energy Transfer Trading Down 0.1 %

Energy Transfer stock traded down $0.01 during mid-day trading on Tuesday, reaching $18.87. 8,726,289 shares of the company traded hands, compared to its average volume of 14,513,480. The firm's 50 day moving average price is $19.56 and its 200 day moving average price is $18.31. Energy Transfer LP has a 52-week low of $14.90 and a 52-week high of $21.45. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The firm has a market capitalization of $64.75 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 0.64 and a beta of 1.72.

Energy Transfer (NYSE:ET - Get Free Report) last issued 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 return on equity of 11.56% and a net margin of 5.74%. On average, analysts anticipate that Energy Transfer LP will post 1.46 earnings per share for the current fiscal 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 given a dividend of $0.325 per share. The ex-dividend date was Friday, February 7th. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a dividend yield of 6.89%. Energy Transfer's payout ratio is currently 101.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ET. Citigroup reaffirmed a "buy" rating on shares of Energy Transfer in a research note on Monday. Barclays raised their price target on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Wells Fargo & Company boosted their price objective on Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 target price on shares of Energy Transfer in a report on Tuesday. Finally, Morgan Stanley lifted their target price on shares of Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Energy Transfer presently has an average rating of "Moderate Buy" and a consensus price target of $22.09.

Energy Transfer Company 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.