CWA Asset Management Group LLC Has $743,000 Stake in Energy Transfer LP $ET

CWA Asset Management Group LLC lowered its stake in Energy Transfer LP (NYSE:ET) by 47.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,081 shares of the pipeline company’s stock after selling 40,527 shares during the quarter. CWA Asset Management Group LLC’s holdings in Energy Transfer were worth $743,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. CIBC Bancorp USA Inc. acquired a new stake in Energy Transfer in the third quarter worth $264,309,000. Alps Advisors Inc. raised its holdings in shares of Energy Transfer by 4.5% during the third quarter. Alps Advisors Inc. now owns 77,651,021 shares of the pipeline company’s stock valued at $1,332,492,000 after purchasing an additional 3,366,734 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Energy Transfer by 9.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,353,476 shares of the pipeline company’s stock valued at $387,139,000 after purchasing an additional 1,825,391 shares during the period. Invesco Ltd. boosted its position in shares of Energy Transfer by 3.2% during the 3rd quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock worth $992,923,000 after purchasing an additional 1,773,042 shares in the last quarter. Finally, Jump Financial LLC boosted its position in shares of Energy Transfer by 2,687.9% during the 2nd quarter. Jump Financial LLC now owns 1,791,358 shares of the pipeline company’s stock worth $32,477,000 after purchasing an additional 1,727,104 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on ET shares. Barclays reaffirmed an “overweight” rating and issued a $22.00 target price (down from $25.00) on shares of Energy Transfer in a research report on Monday, January 12th. JPMorgan Chase & Co. cut their price target on Energy Transfer from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Monday, November 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Energy Transfer in a research note on Wednesday, December 24th. Scotiabank restated an “outperform” rating on shares of Energy Transfer in a report on Friday, January 16th. Finally, TD Cowen upped their target price on Energy Transfer from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.60.

Energy Transfer Trading Up 0.2%

NYSE:ET opened at $19.04 on Tuesday. 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 firm has a 50-day moving average of $18.40 and a 200-day moving average of $17.35. The company has a market cap of $65.51 billion, a PE ratio of 15.74, a PEG ratio of 1.05 and a beta of 0.63. Energy Transfer LP has a one year low of $14.60 and a one year high of $19.30.

Energy Transfer (NYSE:ET) last posted its earnings results on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). The business had revenue of $25.32 billion during the quarter, compared to analyst estimates of $23.56 billion. Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.The company’s revenue was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. As a group, equities research analysts expect that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Friday, February 6th were issued a $0.335 dividend. This is a boost 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 7.0%. The ex-dividend date was Friday, February 6th. Energy Transfer’s dividend payout ratio is 110.74%.

About Energy Transfer

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.