Energy Transfer LP (NYSE:ET) Position Increased by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC raised its position in shares of Energy Transfer LP (NYSE:ET) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166,271 shares of the pipeline company’s stock after buying an additional 1,000 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Energy Transfer were worth $2,295,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Lyell Wealth Management LP purchased a new stake in Energy Transfer during the fourth quarter valued at about $144,000. Community Bank N.A. lifted its position in shares of Energy Transfer by 55.9% in the fourth quarter. Community Bank N.A. now owns 2,651 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 951 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Energy Transfer by 12.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 525,578 shares of the pipeline company’s stock worth $7,253,000 after purchasing an additional 56,173 shares in the last quarter. Madison Park Capital Advisors LLC purchased a new stake in shares of Energy Transfer in the fourth quarter worth approximately $166,000. Finally, Cutter & CO Brokerage Inc. lifted its position in shares of Energy Transfer by 4.2% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 439,188 shares of the pipeline company’s stock worth $6,061,000 after purchasing an additional 17,816 shares in the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on ET shares. Mizuho reissued a “buy” rating and issued a $19.00 price target (up from $18.00) on shares of Energy Transfer in a research report on Thursday, April 18th. UBS Group reduced their price target on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Finally, Citigroup increased their price target on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Energy Transfer presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Energy Transfer Stock Performance

ET stock traded up $0.08 during midday trading on Thursday, hitting $15.95. 8,259,029 shares of the company traded hands, compared to its average volume of 12,370,161. Energy Transfer LP has a twelve month low of $12.18 and a twelve month high of $16.04. The stock has a market capitalization of $53.72 billion, a price-to-earnings ratio of 14.63 and a beta of 1.64. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. The business has a 50 day simple moving average of $15.33 and a 200-day simple moving average of $14.31.

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

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be given a $0.317 dividend. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, May 10th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.95%. Energy Transfer’s dividend payout ratio (DPR) is currently 115.60%.

Energy Transfer Profile

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.