MRP Capital Investments LLC Acquires 1,150 Shares of Energy Transfer LP (NYSE:ET)

MRP Capital Investments LLC increased its holdings in shares of Energy Transfer LP (NYSE:ET) by 46.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,606 shares of the pipeline company’s stock after purchasing an additional 1,150 shares during the quarter. MRP Capital Investments LLC’s holdings in Energy Transfer were worth $71,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Watts Gwilliam & Co. LLC bought a new stake in Energy Transfer during the 4th quarter worth approximately $1,297,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in Energy Transfer by 4.0% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 7,586,598 shares of the pipeline company’s stock worth $148,621,000 after purchasing an additional 293,088 shares in the last quarter. Forvis Mazars Wealth Advisors LLC increased its stake in Energy Transfer by 164.1% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 60,566 shares of the pipeline company’s stock worth $1,186,000 after purchasing an additional 37,633 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in Energy Transfer by 30.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 242,042 shares of the pipeline company’s stock worth $3,885,000 after purchasing an additional 57,184 shares in the last quarter. Finally, Paragon Capital Management Ltd grew its stake in shares of Energy Transfer by 435.5% during the 4th quarter. Paragon Capital Management Ltd now owns 68,724 shares of the pipeline company’s stock worth $1,346,000 after acquiring an additional 55,890 shares in the last quarter. 38.22% of the stock is owned by institutional investors.

Energy Transfer Stock Performance

Energy Transfer stock opened at $18.83 on Friday. Energy Transfer LP has a 12-month low of $14.90 and a 12-month high of $21.45. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The business’s 50-day moving average price is $19.59 and its two-hundred day moving average price is $18.24. The stock has a market cap of $64.62 billion, a PE ratio of 14.71, a P/E/G ratio of 0.64 and a beta of 1.72.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 EPS 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, analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a $0.325 dividend. 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 yield of 6.90%. Energy Transfer’s payout ratio is 101.56%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group reissued a “buy” rating on shares of Energy Transfer in a report on Tuesday, March 4th. The Goldman Sachs Group raised their price target on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Barclays raised their price target on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. 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, Citigroup increased their price objective on Energy Transfer from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Energy Transfer has a consensus rating of “Moderate Buy” and an average target price of $21.55.

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.