25,536 Shares in Energy Transfer LP (NYSE:ET) Bought by Helium Advisors LLC

Helium Advisors LLC acquired a new stake in Energy Transfer LP (NYSE:ET) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 25,536 shares of the pipeline company’s stock, valued at approximately $500,000.

Other institutional investors also recently bought and sold shares of the company. Alpine Global Management LLC purchased a new stake in shares of Energy Transfer in the fourth quarter valued at about $353,000. Fourth Dimension Wealth LLC purchased a new position in Energy Transfer during the fourth quarter worth about $29,000. Cornerstone Advisory LLC lifted its position in Energy Transfer by 45.4% in the fourth quarter. Cornerstone Advisory LLC now owns 32,223 shares of the pipeline company’s stock valued at $644,000 after purchasing an additional 10,062 shares during the period. AlphaQ Advisors LLC boosted its holdings in Energy Transfer by 1.8% in the 4th quarter. AlphaQ Advisors LLC now owns 40,494 shares of the pipeline company’s stock valued at $793,000 after purchasing an additional 718 shares in the last quarter. Finally, McIlrath & Eck LLC boosted its holdings in Energy Transfer by 523.1% in the 4th quarter. McIlrath & Eck LLC now owns 4,013 shares of the pipeline company’s stock valued at $79,000 after purchasing an additional 3,369 shares in the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Stock Up 0.6%

Energy Transfer stock opened at $17.87 on Friday. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45. The firm has a market capitalization of $61.32 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.64 and a beta of 0.77. The stock’s fifty day moving average is $17.43 and its two-hundred day moving average is $18.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. The business had revenue of $21.02 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the firm earned $0.32 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Analysts predict that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were given a $0.3275 dividend. The ex-dividend date was Friday, May 9th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.31 annualized dividend and a dividend yield of 7.33%. Energy Transfer’s dividend payout ratio is currently 99.24%.

Analysts Set New Price Targets

ET has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Morgan Stanley upped their price objective on Energy Transfer from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Wells Fargo & Company reduced their target price on Energy Transfer from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. Mizuho boosted their target price on shares of Energy Transfer from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price target on shares of Energy Transfer in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.64.

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.