Militia Capital Partners LP Has $9.89 Million Stock Holdings in Energy Transfer LP $ET

Militia Capital Partners LP lifted its position in Energy Transfer LP (NYSE:ET – Free Report) by 25.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 600,000 shares of the pipeline company’s stock after buying an additional 123,000 shares during the period. Energy Transfer makes up about 3.8% of Militia Capital Partners LP’s portfolio, making the stock its largest position. Militia Capital Partners LP’s holdings in Energy Transfer were worth $9,894,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Basepoint Wealth LLC bought a new stake in shares of Energy Transfer in the 4th quarter valued at $25,000. Gables Capital Management Inc. increased its position in shares of Energy Transfer by 60.0% in the 4th quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock valued at $26,000 after buying an additional 600 shares in the last quarter. Sarver Vrooman Wealth Advisors bought a new stake in shares of Energy Transfer in the 4th quarter valued at $32,000. Financial Life Planners bought a new stake in shares of Energy Transfer in the 3rd quarter valued at $34,000. Finally, Navalign LLC bought a new stake in shares of Energy Transfer in the 4th quarter valued at $37,000. Institutional investors own 38.22% of the company’s stock.

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Energy Transfer Trading Down 0.2%

Shares of ET stock opened at $18.87 on Wednesday. The firm has a 50 day moving average price of $19.44 and a two-hundred day moving average price of $18.38. The company has a quick ratio of 0.93, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $64.92 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.10 and a beta of 0.55. Energy Transfer LP has a 12-month low of $16.18 and a 12-month high of $20.70.

Energy Transfer (NYSE:ET – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). The company had revenue of $27.77 billion for the quarter, compared to analyst estimates of $25.78 billion. Energy Transfer had a return on equity of 9.77% and a net margin of 4.66%.The company’s revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. As a group, analysts predict that Energy Transfer LP will post 1.43 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were given a $0.3375 dividend. The ex-dividend date was Friday, May 8th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. This represents a $1.35 dividend on an annualized basis and a dividend yield of 7.2%. Energy Transfer’s dividend payout ratio (DPR) is presently 112.50%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ET. Truist Financial began coverage on Energy Transfer in a report on Tuesday, March 24th. They set a “buy” rating and a $23.00 target price for the company. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a report on Tuesday, May 12th. TD Cowen reiterated a “buy” rating and set a $23.00 target price (up from $22.00) on shares of Energy Transfer in a report on Wednesday, May 13th. Jefferies Financial Group upgraded Energy Transfer from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Tuesday, May 26th. Finally, Morgan Stanley increased their target price on Energy Transfer from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $23.45.

View Our Latest Stock Analysis on Energy Transfer

About Energy Transfer

(Free Report)

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.

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