10,499 Shares in Energy Transfer LP (NYSE:ET) Bought by Tepp RIA LLC

Tepp RIA LLC bought a new stake in shares of Energy Transfer LP (NYSE:ET) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,499 shares of the pipeline company’s stock, valued at approximately $206,000. Energy Transfer comprises about 0.3% of Tepp RIA LLC’s investment portfolio, making the stock its 27th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. bought a new stake in shares of Energy Transfer in the 4th quarter worth approximately $25,000. GAMMA Investing LLC bought a new stake in Energy Transfer in the fourth quarter valued at $29,000. United Community Bank acquired a new position in shares of Energy Transfer during the fourth quarter valued at $35,000. Financial Life Planners bought a new position in shares of Energy Transfer during the fourth quarter worth about $37,000. Finally, Tortoise Investment Management LLC increased its holdings in shares of Energy Transfer by 111.1% in the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 1,000 shares during the period. 38.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on ET. Stifel Nicolaus upped 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. Barclays raised their target price on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Citigroup reiterated a “buy” rating on shares of Energy Transfer in a research report on Monday. Wells Fargo & Company raised their price target on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.09.

Energy Transfer Price Performance

Shares of Energy Transfer stock opened at $18.90 on Friday. Energy Transfer LP has a 52 week low of $14.90 and a 52 week high of $21.45. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The stock has a market cap of $64.86 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. The company’s 50-day moving average price is $19.49 and its two-hundred day moving average price is $18.34.

Energy Transfer (NYSE:ET) last released its earnings results 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%. As a group, sell-side analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were paid a dividend of $0.325 per share. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a dividend yield of 6.88%. Energy Transfer’s dividend payout ratio (DPR) is currently 101.56%.

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.