Enhancing Capital LLC Acquires New Shares in Energy Transfer LP (NYSE:ET)

Enhancing Capital LLC acquired a new stake in Energy Transfer LP (NYSE:ET) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 80,640 shares of the pipeline company’s stock, valued at approximately $1,580,000. Energy Transfer makes up approximately 1.3% of Enhancing Capital LLC’s portfolio, making the stock its 27th biggest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in Energy Transfer by 27.9% in the fourth quarter. Advisors Asset Management Inc. now owns 329,859 shares of the pipeline company’s stock worth $6,462,000 after purchasing an additional 71,871 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in Energy Transfer by 3.5% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 311,724 shares of the pipeline company’s stock worth $6,107,000 after purchasing an additional 10,455 shares in the last quarter. Signaturefd LLC raised its holdings in Energy Transfer by 7.8% in the fourth quarter. Signaturefd LLC now owns 29,564 shares of the pipeline company’s stock worth $579,000 after purchasing an additional 2,145 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Energy Transfer by 26.0% during the fourth quarter. Parallel Advisors LLC now owns 19,990 shares of the pipeline company’s stock worth $392,000 after acquiring an additional 4,126 shares during the last quarter. Finally, Gray Wealth Management Inc. grew its stake in shares of Energy Transfer by 43.1% during the fourth quarter. Gray Wealth Management Inc. now owns 35,615 shares of the pipeline company’s stock worth $698,000 after acquiring an additional 10,728 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors.

Energy Transfer Trading Up 0.8 %

Energy Transfer stock opened at $18.88 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. Energy Transfer LP has a 12 month low of $14.90 and a 12 month high of $21.45. The stock’s 50 day simple moving average is $19.64 and its two-hundred day simple moving average is $18.21. The firm has a market cap of $64.80 billion, a PE ratio of 14.75, a P/E/G ratio of 0.64 and a beta of 1.72.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. Analysts anticipate that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a $0.325 dividend. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a yield of 6.88%. The ex-dividend date was Friday, February 7th. Energy Transfer’s dividend payout ratio is currently 101.56%.

Wall Street Analyst Weigh In

ET has been the topic of a number of research analyst reports. Barclays boosted their price target on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Wells Fargo & Company boosted their price target on Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Stifel Nicolaus boosted their price target on Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. UBS Group restated a “buy” rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Finally, Citigroup upped their target price on Energy Transfer from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Energy Transfer currently has an average rating of “Moderate Buy” and a consensus target price of $21.55.

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.