Energy Transfer LP $ET Holdings Lifted by FFG Partners LLC

FFG Partners LLC boosted its holdings in shares of Energy Transfer LP (NYSE:ET) by 4.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 889,071 shares of the pipeline company’s stock after buying an additional 34,478 shares during the period. Energy Transfer makes up about 6.8% of FFG Partners LLC’s holdings, making the stock its 4th biggest position. FFG Partners LLC’s holdings in Energy Transfer were worth $17,159,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Basepoint Wealth LLC acquired a new stake in Energy Transfer during the fourth quarter valued at $25,000. Gables Capital Management Inc. increased its position in Energy Transfer by 60.0% in the 4th quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 600 shares during the last quarter. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Energy Transfer during the 4th quarter worth about $32,000. Financial Life Planners purchased a new stake in shares of Energy Transfer during the 3rd quarter worth about $34,000. Finally, Navalign LLC acquired a new stake in shares of Energy Transfer during the 4th quarter valued at about $37,000. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ET. Morgan Stanley increased their price objective on Energy Transfer from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Stifel Nicolaus boosted their target price on shares of Energy Transfer from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Scotiabank restated an “outperform” rating on shares of Energy Transfer in a research note on Tuesday, May 12th. Raymond James Financial restated a “strong-buy” rating on shares of Energy Transfer in a research note on Wednesday, May 6th. Finally, UBS Group restated a “buy” rating on shares of Energy Transfer in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $23.45.

Energy Transfer Trading Up 0.6%

Shares of ET stock opened at $18.86 on Tuesday. Energy Transfer LP has a 12 month low of $16.18 and a 12 month high of $20.70. The company has a market cap of $64.91 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.09 and a beta of 0.55. The company has a quick ratio of 0.93, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. The business’s 50 day moving average is $19.42 and its two-hundred day moving average is $18.45.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.05). The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $25.78 billion. Energy Transfer had a return on equity of 9.77% and a net margin of 4.66%.Energy Transfer’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. Equities analysts predict that Energy Transfer LP will post 1.43 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were issued a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a dividend yield of 7.2%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, May 8th. Energy Transfer’s dividend payout ratio is presently 112.50%.

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.