Retireful LLC Invests $1.20 Million in Energy Transfer LP (NYSE:ET)

Retireful LLC bought a new position in Energy Transfer LP (NYSE:ET) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 63,864 shares of the pipeline company’s stock, valued at approximately $1,195,000. Energy Transfer comprises about 1.2% of Retireful LLC’s investment portfolio, making the stock its 27th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. United Advisor Group LLC increased its holdings in shares of Energy Transfer by 3.0% in the fourth quarter. United Advisor Group LLC now owns 18,540 shares of the pipeline company’s stock worth $363,000 after purchasing an additional 534 shares during the last quarter. Wealthspire Advisors LLC grew its position in Energy Transfer by 0.4% in the fourth 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 in the last quarter. Cannell & Spears LLC increased its stake in Energy Transfer by 0.4% during the fourth 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. Platform Technology Partners raised its position in Energy Transfer by 0.8% during the fourth quarter. Platform Technology Partners now owns 67,299 shares of the pipeline company’s stock valued at $1,318,000 after purchasing an additional 553 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Energy Transfer by 18.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 3,649 shares of the pipeline company’s stock valued at $71,000 after purchasing an additional 556 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Price Performance

Shares of NYSE ET opened at $17.53 on Thursday. The firm has a 50-day simple moving average of $17.23 and a 200-day simple moving average of $18.62. 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 stock has a market capitalization of $60.16 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.64 and a beta of 0.77. Energy Transfer LP has a 52 week low of $14.60 and a 52 week high of $21.45.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $21.02 billion during 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%. Energy Transfer’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. On average, equities analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were issued a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 7.47%. The ex-dividend date was Friday, May 9th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s payout ratio is currently 99.24%.

Analyst Ratings Changes

Several research analysts recently commented on ET shares. Wells Fargo & Company reduced their price target on shares of Energy Transfer from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 7th. Royal Bank of Canada restated an “outperform” rating and set a $23.00 price objective on shares of Energy Transfer in a report on Tuesday, March 25th. JPMorgan Chase & Co. dropped their price target on Energy Transfer from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Stifel Nicolaus lifted their price objective on Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, Citigroup reaffirmed a “buy” rating on shares of Energy Transfer in a research note on Monday, March 24th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Energy Transfer currently has an average rating of “Moderate Buy” and a consensus price target of $22.64.

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.