Madison Park Capital Advisors LLC Invests $166,000 in Energy Transfer LP (NYSE:ET)

Madison Park Capital Advisors LLC bought a new position in shares of Energy Transfer LP (NYSE:ET) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,000 shares of the pipeline company’s stock, valued at approximately $166,000.

Several other large investors also recently made changes to their positions in ET. Alps Advisors Inc. grew its holdings in shares of Energy Transfer by 14.5% during the third quarter. Alps Advisors Inc. now owns 73,666,501 shares of the pipeline company’s stock worth $1,033,541,000 after purchasing an additional 9,341,798 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Energy Transfer by 38.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,621,485 shares of the pipeline company’s stock worth $353,576,000 after purchasing an additional 7,097,074 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Energy Transfer by 1,447.6% during the fourth quarter. International Assets Investment Management LLC now owns 3,756,955 shares of the pipeline company’s stock worth $518,460,000 after purchasing an additional 3,514,195 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Energy Transfer during the third quarter worth $42,932,000. Finally, Barclays PLC grew its holdings in shares of Energy Transfer by 31.1% during the third quarter. Barclays PLC now owns 12,378,222 shares of the pipeline company’s stock worth $173,666,000 after purchasing an additional 2,933,353 shares during the last quarter. Institutional investors own 38.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ET shares. Citigroup raised their price target on Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Mizuho reiterated a “buy” rating and issued a $19.00 price target (up previously from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. Finally, UBS Group decreased their price target on Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Energy Transfer has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Energy Transfer Trading Up 0.3 %

NYSE:ET traded up $0.04 during mid-day trading on Tuesday, hitting $15.87. The company had a trading volume of 10,878,634 shares, compared to its average volume of 12,472,339. Energy Transfer LP has a fifty-two week low of $12.18 and a fifty-two week high of $16.04. The business’s fifty day moving average is $15.27 and its two-hundred day moving average is $14.29. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market cap of $53.47 billion, a P/E ratio of 14.56 and a beta of 1.64.

Energy Transfer (NYSE:ET) last released its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.08. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The firm had revenue of $20.53 billion for the quarter, compared to analyst estimates of $21.46 billion. During the same quarter in the prior year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 7.94%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.31. Energy Transfer’s dividend payout ratio (DPR) is currently 115.60%.

About Energy Transfer

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.