Retireful LLC Makes New Investment in Energy Transfer LP (NYSE:ET)

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

A number of other large investors have also recently made changes to their positions in ET. Mountain Hill Investment Partners Corp. purchased a new position in shares of Energy Transfer in the 4th quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Energy Transfer during the 4th quarter valued at approximately $26,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Energy Transfer during the 4th quarter worth approximately $29,000. United Community Bank acquired a new stake in shares of Energy Transfer in the 4th quarter worth approximately $35,000. Finally, Tortoise Investment Management LLC increased its stake in Energy Transfer by 111.1% in the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 1,000 shares in the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on ET. Mizuho boosted their target price on Energy Transfer from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 20th. Stifel Nicolaus boosted their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their target price on shares of Energy Transfer from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. Morgan Stanley upped their price target on shares of Energy Transfer from $20.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price target on shares of Energy Transfer in a research report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.64.

Energy Transfer Price Performance

Shares of NYSE:ET opened at $17.53 on Thursday. The company has a market cap of $60.16 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.64 and a beta of 0.77. The business has a fifty day simple moving average of $17.23 and a 200-day simple moving average of $18.62. Energy Transfer LP has a 52 week low of $14.60 and a 52 week high of $21.45. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42.

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

Energy Transfer Increases Dividend

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

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.