Fractal Investments LLC Has $82.33 Million Stock Holdings in Energy Transfer LP $ET

Fractal Investments LLC reduced its stake in Energy Transfer LP (NYSE:ET) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,797,715 shares of the pipeline company’s stock after selling 221,066 shares during the quarter. Energy Transfer comprises 11.9% of Fractal Investments LLC’s holdings, making the stock its 2nd largest position. Fractal Investments LLC’s holdings in Energy Transfer were worth $82,329,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Energy Transfer by 93.4% during the 4th quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock worth $481,000 after purchasing an additional 11,844 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Energy Transfer by 62.8% in the first quarter. AQR Capital Management LLC now owns 21,041 shares of the pipeline company’s stock valued at $391,000 after buying an additional 8,118 shares in the last quarter. Focus Partners Wealth raised its position in shares of Energy Transfer by 11.9% in the first quarter. Focus Partners Wealth now owns 275,698 shares of the pipeline company’s stock valued at $5,125,000 after buying an additional 29,404 shares in the last quarter. Parallel Advisors LLC grew its position in Energy Transfer by 22.9% during the second quarter. Parallel Advisors LLC now owns 41,999 shares of the pipeline company’s stock worth $761,000 after buying an additional 7,817 shares in the last quarter. Finally, Adams Asset Advisors LLC increased its stake in Energy Transfer by 0.6% during the 2nd quarter. Adams Asset Advisors LLC now owns 1,423,717 shares of the pipeline company’s stock worth $25,812,000 after acquiring an additional 7,957 shares during the period. Institutional investors own 38.22% of the company’s stock.

Wall Street Analyst Weigh In

ET has been the subject of a number of recent analyst reports. Morgan Stanley cut their target price on Energy Transfer from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Tuesday, December 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Energy Transfer in a research note on Wednesday, December 24th. Jefferies Financial Group set a $17.00 target price on shares of Energy Transfer and gave the company a “hold” rating in a research report on Tuesday, October 28th. UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a report on Wednesday, January 7th. Finally, Barclays reissued an “overweight” rating and issued a $22.00 price objective (down from $25.00) on shares of Energy Transfer in a research note on Monday. Thirteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.50.

Insider Buying and Selling

In other Energy Transfer news, Director Kelcy L. Warren bought 1,000,000 shares of Energy Transfer stock in a transaction on Wednesday, November 19th. The shares were purchased at an average cost of $16.95 per share, with a total value of $16,950,000.00. Following the acquisition, the director directly owned 104,577,803 shares of the company’s stock, valued at $1,772,593,760.85. The trade was a 0.97% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.28% of the stock is currently owned by corporate insiders.

Energy Transfer Stock Performance

NYSE ET opened at $17.15 on Tuesday. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45. The stock has a market cap of $58.87 billion, a PE ratio of 13.72, a PEG ratio of 0.89 and a beta of 0.66. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.14 and a current ratio of 1.41. The firm’s fifty day moving average price is $16.59 and its two-hundred day moving average price is $17.08.

Energy Transfer (NYSE:ET) last issued its earnings results on Wednesday, November 5th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The firm had revenue of $19.95 billion during the quarter, compared to analyst estimates of $21.84 billion. Energy Transfer had a return on equity of 10.71% and a net margin of 5.66%.Energy Transfer’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. On average, equities analysts expect that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Friday, November 7th were issued a $0.3325 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, November 7th. This represents a $1.33 dividend on an annualized basis and a yield of 7.8%. Energy Transfer’s dividend payout ratio (DPR) is 106.40%.

About Energy Transfer

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.