Northside Capital Management LLC Buys 31,462 Shares of Energy Transfer LP $ET

Northside Capital Management LLC lifted its stake in Energy Transfer LP (NYSE:ETFree Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,106,079 shares of the pipeline company’s stock after purchasing an additional 31,462 shares during the period. Energy Transfer accounts for approximately 3.0% of Northside Capital Management LLC’s holdings, making the stock its 7th largest holding. Northside Capital Management LLC owned about 0.06% of Energy Transfer worth $34,729,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Financial Life Planners acquired a new position in Energy Transfer in the third quarter valued at about $34,000. Core Alternative Capital bought a new position in Energy Transfer during the third quarter worth about $46,000. Global Wealth Strategies & Associates grew its position in shares of Energy Transfer by 196.4% during the 4th quarter. Global Wealth Strategies & Associates now owns 2,964 shares of the pipeline company’s stock worth $49,000 after buying an additional 1,964 shares during the period. FSC Wealth Advisors LLC acquired a new position in shares of Energy Transfer during the 2nd quarter worth about $50,000. Finally, Golden State Wealth Management LLC increased its stake in shares of Energy Transfer by 38.9% in the 3rd quarter. Golden State Wealth Management LLC now owns 2,918 shares of the pipeline company’s stock valued at $50,000 after acquiring an additional 817 shares during the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ET. TD Cowen increased their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. lowered their target price on shares of Energy Transfer from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Monday, November 24th. Barclays reiterated an “overweight” rating and issued a $22.00 target price (down from $25.00) on shares of Energy Transfer in a report on Monday, January 12th. Royal Bank Of Canada raised shares of Energy Transfer to a “moderate buy” rating in a research report on Monday, December 15th. Finally, Scotiabank reissued an “outperform” rating on shares of Energy Transfer in a report on Friday, January 16th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold 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 $21.60.

Check Out Our Latest Stock Report on ET

Energy Transfer News Summary

Here are the key news stories impacting Energy Transfer this week:

Energy Transfer Trading Up 0.1%

NYSE:ET opened at $18.99 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.22 and a quick ratio of 0.90. The business’s 50-day simple moving average is $18.36 and its 200-day simple moving average is $17.34. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $19.30. The stock has a market capitalization of $65.31 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 1.05 and a beta of 0.63.

Energy Transfer (NYSE:ETGet Free Report) last posted its earnings results on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). The business had revenue of $25.32 billion for the quarter, compared to the consensus estimate of $23.56 billion. Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.Energy Transfer’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share. Sell-side 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 disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Friday, February 6th were given 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 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, February 6th. Energy Transfer’s payout ratio is currently 110.74%.

About Energy Transfer

(Free Report)

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.

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Institutional Ownership by Quarter for Energy Transfer (NYSE:ET)

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