Jackson Hole Capital Partners LLC Has $4 Million Stock Holdings in Energy Transfer LP (NYSE:ET)

Jackson Hole Capital Partners LLC boosted its holdings in shares of Energy Transfer LP (NYSE:ET) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 203,924 shares of the pipeline company’s stock after buying an additional 2,387 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Energy Transfer were worth $3,995,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ET. Assetmark Inc. grew its position in Energy Transfer by 2,138.5% during the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock valued at $28,000 after buying an additional 1,668 shares during the period. GAMMA Investing LLC bought a new position in Energy Transfer during the fourth quarter valued at about $29,000. United Community Bank bought a new position in Energy Transfer during the fourth quarter valued at about $35,000. Financial Life Planners bought a new position in Energy Transfer during the fourth quarter valued at about $37,000. Finally, Citizens National Bank Trust Department bought a new position in Energy Transfer during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ET. Citigroup increased their target price on shares of Energy Transfer from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research report on Tuesday. Royal Bank of Canada increased their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company increased their target price on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus increased their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.55.

Energy Transfer Price Performance

ET stock opened at $17.48 on Friday. The firm has a 50 day moving average of $19.81 and a 200-day moving average of $18.10. 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 $14.87 and a 12 month high of $21.45. The firm has a market capitalization of $59.97 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72.

Energy Transfer (NYSE:ET) last announced its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. As a group, sell-side analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 7.44%. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer’s dividend payout ratio (DPR) is currently 101.56%.

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.