54,898 Shares in Energy Transfer LP $ET Bought by Stuart Investment Advisors Inc.

Stuart Investment Advisors Inc. bought a new stake in Energy Transfer LP (NYSE:ET) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 54,898 shares of the pipeline company’s stock, valued at approximately $1,060,000. Energy Transfer comprises approximately 0.5% of Stuart Investment Advisors Inc.’s holdings, making the stock its 11th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ET. Basepoint Wealth LLC acquired a new position in shares of Energy Transfer during the 4th quarter worth about $25,000. Gables Capital Management Inc. raised its position in shares of Energy Transfer by 60.0% during the 4th quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 600 shares in the last quarter. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Energy Transfer during the 4th quarter worth about $32,000. Financial Life Planners acquired a new stake in shares of Energy Transfer during the 3rd quarter worth about $34,000. Finally, Navalign LLC purchased a new stake in Energy Transfer during the fourth quarter worth approximately $37,000. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ET has been the topic of several recent analyst reports. Barclays reiterated an “overweight” rating and issued a $23.00 price target (up from $22.00) on shares of Energy Transfer in a research note on Thursday, May 14th. JPMorgan Chase & Co. boosted their price objective on shares of Energy Transfer from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Raymond James Financial restated a “strong-buy” rating on shares of Energy Transfer in a report on Wednesday, May 6th. Jefferies Financial Group raised shares of Energy Transfer from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, May 26th. Finally, Truist Financial started coverage on shares of Energy Transfer in a research note on Tuesday, March 24th. They set a “buy” rating and a $23.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $23.45.

Energy Transfer Trading Up 1.1%

NYSE:ET opened at $19.16 on Friday. The company has a market capitalization of $65.92 billion, a PE ratio of 15.96, a P/E/G ratio of 1.10 and a beta of 0.55. Energy Transfer LP has a 52-week low of $16.18 and a 52-week high of $20.70. The stock’s 50 day moving average price is $19.43 and its 200 day moving average price is $18.50. The company has a quick ratio of 0.93, a current ratio of 1.17 and a debt-to-equity ratio of 1.50.

Energy Transfer (NYSE:ET) last announced its earnings results on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). The business had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $25.78 billion. Energy Transfer had a return on equity of 9.77% and a net margin of 4.66%.The business’s revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the business posted $0.36 earnings per share. On average, research analysts anticipate that Energy Transfer LP will post 1.43 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were paid a $0.3375 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. This represents a $1.35 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date was Friday, May 8th. Energy Transfer’s dividend payout ratio (DPR) is presently 112.50%.

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.