Caprock Group LLC Invests $1.18 Million in Energy Transfer LP $ET

Caprock Group LLC purchased a new stake in Energy Transfer LP (NYSE:ET) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 66,826 shares of the pipeline company’s stock, valued at approximately $1,184,000.

Several other large investors have also recently bought and sold shares of the business. Ariston Services Group grew its stake in shares of Energy Transfer by 126.7% in the second quarter. Ariston Services Group now owns 100,683 shares of the pipeline company’s stock valued at $1,825,000 after buying an additional 56,274 shares in the last quarter. Lee Financial Co boosted its holdings in Energy Transfer by 359.7% in the 3rd quarter. Lee Financial Co now owns 193,817 shares of the pipeline company’s stock worth $3,326,000 after acquiring an additional 151,657 shares during the period. Eagle Global Advisors LLC grew its position in Energy Transfer by 6.0% in the third quarter. Eagle Global Advisors LLC now owns 6,466,059 shares of the pipeline company’s stock valued at $110,958,000 after acquiring an additional 363,623 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Energy Transfer by 223.7% during the second quarter. Corient Private Wealth LLC now owns 1,690,771 shares of the pipeline company’s stock valued at $30,654,000 after purchasing an additional 1,168,440 shares during the period. Finally, Jump Financial LLC boosted its stake in shares of Energy Transfer by 2,687.9% in the second quarter. Jump Financial LLC now owns 1,791,358 shares of the pipeline company’s stock valued at $32,477,000 after purchasing an additional 1,727,104 shares during the period. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Stock Performance

Shares of ET opened at $18.77 on Friday. The company has a 50-day moving average of $17.21 and a two-hundred day moving average of $17.13. The stock has a market cap of $64.43 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 0.97 and a beta of 0.66. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.41 and a quick ratio of 1.14. Energy Transfer LP has a one year low of $14.60 and a one year high of $20.51.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Friday, February 6th will be issued a dividend of $0.335 per share. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.34 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Friday, February 6th. Energy Transfer’s dividend payout ratio is presently 107.20%.

Insider Transactions at Energy Transfer

In other Energy Transfer news, Director Kelcy L. Warren bought 1,000,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were bought at an average price of $16.95 per share, with a total value of $16,950,000.00. Following the purchase, the director directly owned 104,577,803 shares in the company, valued at $1,772,593,760.85. The trade was a 0.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ET. Morgan Stanley dropped their price target on shares of Energy Transfer from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 2nd. Barclays reaffirmed an “overweight” rating and set a $22.00 target price (down from $25.00) on shares of Energy Transfer in a research report on Monday, January 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Energy Transfer in a report on Wednesday, December 24th. Scotiabank reaffirmed an “outperform” rating on shares of Energy Transfer in a research report on Friday, January 16th. Finally, Jefferies Financial Group set a $17.00 price target on shares of Energy Transfer and gave the stock a “hold” rating in a research report on Tuesday, October 28th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Energy Transfer presently has an average rating of “Moderate Buy” and an average target price of $21.36.

Energy Transfer Company Profile

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.