FFG Partners LLC Boosts Position in Energy Transfer LP (NYSE:ET)

FFG Partners LLC lifted its stake in shares of Energy Transfer LP (NYSE:ET) by 0.9% in the fourth quarter, HoldingsChannel reports. The fund owned 1,650,574 shares of the pipeline company’s stock after acquiring an additional 13,948 shares during the period. Energy Transfer makes up approximately 11.3% of FFG Partners LLC’s holdings, making the stock its 2nd largest holding. FFG Partners LLC’s holdings in Energy Transfer were worth $32,335,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC boosted its stake in Energy Transfer by 5.6% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 137,660 shares of the pipeline company’s stock worth $2,209,000 after purchasing an additional 7,344 shares during the period. Atomi Financial Group Inc. lifted its position in shares of Energy Transfer by 11.8% in the third quarter. Atomi Financial Group Inc. now owns 32,840 shares of the pipeline company’s stock worth $527,000 after buying an additional 3,472 shares in the last quarter. Brookstone Capital Management boosted its stake in Energy Transfer by 5.2% during the third quarter. Brookstone Capital Management now owns 216,358 shares of the pipeline company’s stock valued at $3,473,000 after buying an additional 10,738 shares during the last quarter. Daymark Wealth Partners LLC grew its holdings in Energy Transfer by 7.2% during the 3rd quarter. Daymark Wealth Partners LLC now owns 160,131 shares of the pipeline company’s stock valued at $2,570,000 after buying an additional 10,705 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Energy Transfer by 60.6% during the 3rd quarter. CWM LLC now owns 98,436 shares of the pipeline company’s stock worth $1,580,000 after acquiring an additional 37,136 shares in the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ET has been the subject of several research reports. Bank of America assumed coverage on shares of Energy Transfer in a research report on Thursday, October 17th. They set a “buy” rating and a $20.00 price objective for the company. Barclays raised their price objective on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Royal Bank of Canada raised their price target on 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 boosted their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group upped their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Energy Transfer has an average rating of “Moderate Buy” and a consensus target price of $20.82.

Energy Transfer Stock Performance

Shares of NYSE:ET opened at $20.37 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08. The firm has a market cap of $69.76 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 0.54 and a beta of 1.69. The firm’s 50 day simple moving average is $19.69 and its 200-day simple moving average is $17.59. Energy Transfer LP has a one year low of $13.79 and a one year high of $21.45.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $20.77 billion during the quarter, compared to analyst estimates of $21.59 billion. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. As a group, equities analysts predict that Energy Transfer LP will post 1.36 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th will be issued a $0.325 dividend. The ex-dividend date of this dividend is Friday, February 7th. 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 dividend yield of 6.38%. Energy Transfer’s dividend payout ratio (DPR) is currently 94.85%.

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.