Intellectus Partners LLC Has $1.42 Million Holdings in Energy Transfer LP (NYSE:ET)

Intellectus Partners LLC increased its stake in Energy Transfer LP (NYSE:ET) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,545 shares of the pipeline company’s stock after buying an additional 7,599 shares during the quarter. Intellectus Partners LLC’s holdings in Energy Transfer were worth $1,415,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Activest Wealth Management raised its stake in Energy Transfer by 33.9% in the 4th quarter. Activest Wealth Management now owns 2,909 shares of the pipeline company’s stock valued at $40,000 after acquiring an additional 736 shares during the period. Veracity Capital LLC raised its stake in Energy Transfer by 2.3% in the 4th quarter. Veracity Capital LLC now owns 32,203 shares of the pipeline company’s stock valued at $444,000 after acquiring an additional 738 shares during the period. Harbor Investment Advisory LLC raised its stake in Energy Transfer by 42.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 750 shares during the period. Bahl & Gaynor Inc. increased its position in Energy Transfer by 0.3% during the 4th quarter. Bahl & Gaynor Inc. now owns 228,569 shares of the pipeline company’s stock worth $3,154,000 after buying an additional 769 shares during the period. Finally, Cornerstone Wealth Management LLC increased its position in Energy Transfer by 2.1% during the 4th quarter. Cornerstone Wealth Management LLC now owns 37,195 shares of the pipeline company’s stock worth $513,000 after buying an additional 776 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Mizuho reiterated a “buy” rating and set a $19.00 price objective (up previously from $18.00) on shares of Energy Transfer in a research report on Thursday, April 18th. Citigroup increased their price objective on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, UBS Group lowered their price objective on Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Energy Transfer Price Performance

Shares of NYSE ET traded up $0.02 during mid-day trading on Friday, reaching $15.96. The company had a trading volume of 5,346,991 shares, compared to its average volume of 11,025,037. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 1.10. Energy Transfer LP has a one year low of $12.18 and a one year high of $16.04. The firm has a market cap of $53.78 billion, a price-to-earnings ratio of 14.64 and a beta of 1.64. The business’s 50-day simple moving average is $15.36 and its 200 day simple moving average is $14.33.

Energy Transfer (NYSE:ET) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. The company had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $21.46 billion. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. Energy Transfer’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. On average, research analysts predict that Energy Transfer LP will post 1.57 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be paid a $0.317 dividend. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 annualized dividend and a yield of 7.94%. Energy Transfer’s dividend payout ratio (DPR) is 115.60%.

Energy Transfer Company 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.