Shepherd Kaplan Krochuk LLC Has $4.66 Million Stock Position in Energy Transfer LP (NYSE:ET)

Shepherd Kaplan Krochuk LLC decreased its holdings in Energy Transfer LP (NYSE:ET) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 237,627 shares of the pipeline company’s stock after selling 15,076 shares during the quarter. Energy Transfer accounts for approximately 3.9% of Shepherd Kaplan Krochuk LLC’s holdings, making the stock its 8th biggest holding. Shepherd Kaplan Krochuk LLC’s holdings in Energy Transfer were worth $4,655,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Stonegate Investment Group LLC increased its position in shares of Energy Transfer by 1.4% during the 4th quarter. Stonegate Investment Group LLC now owns 34,320 shares of the pipeline company’s stock worth $672,000 after purchasing an additional 482 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in Energy Transfer by 0.4% during the 4th quarter. Wealthspire Advisors LLC now owns 130,202 shares of the pipeline company’s stock worth $2,551,000 after acquiring an additional 535 shares during the last quarter. Cannell & Spears LLC grew its holdings in Energy Transfer by 0.4% during the 4th quarter. Cannell & Spears LLC now owns 135,647 shares of the pipeline company’s stock worth $2,657,000 after acquiring an additional 546 shares during the last quarter. Daymark Wealth Partners LLC grew its holdings in Energy Transfer by 0.3% during the 4th quarter. Daymark Wealth Partners LLC now owns 160,678 shares of the pipeline company’s stock worth $3,148,000 after acquiring an additional 547 shares during the last quarter. Finally, Platform Technology Partners grew its holdings in Energy Transfer by 0.8% during the 4th quarter. Platform Technology Partners now owns 67,299 shares of the pipeline company’s stock worth $1,318,000 after acquiring an additional 553 shares during the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Stock Down 1.0%

Energy Transfer stock opened at $17.98 on Friday. The company’s 50 day simple moving average is $17.48 and its 200 day simple moving average is $18.54. 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 $61.69 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.64 and a beta of 0.77. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88.

Energy Transfer (NYSE:ET) last announced its earnings results on Tuesday, May 6th. The pipeline company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm had revenue of $21.02 billion for the quarter, compared to the consensus estimate of $22.28 billion. Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the company posted $0.32 EPS. As a group, sell-side analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.3275 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.31 annualized dividend and a yield of 7.29%. The ex-dividend date of this dividend is Friday, May 9th. Energy Transfer’s dividend payout ratio (DPR) is 99.24%.

Analysts Set New Price Targets

A number of equities research analysts have commented on ET shares. Wells Fargo & Company decreased their price objective on shares of Energy Transfer from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th. Citigroup reaffirmed a “buy” rating on shares of Energy Transfer in a research note on Monday, March 24th. Stifel Nicolaus raised their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Finally, Morgan Stanley raised their target price on shares of Energy Transfer from $20.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.09.

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.