Energy Transfer LP (NYSE:ET) Shares Bought by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC raised its position in Energy Transfer LP (NYSE:ET) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 215,945 shares of the pipeline company’s stock after purchasing an additional 11,872 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Energy Transfer were worth $2,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Northwest Financial Advisors bought a new stake in Energy Transfer during the fourth quarter worth approximately $25,000. Rise Advisors LLC boosted its holdings in Energy Transfer by 88.2% during the fourth quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock worth $27,000 after buying an additional 927 shares in the last quarter. Atlantic Edge Private Wealth Management LLC bought a new stake in Energy Transfer during the fourth quarter worth approximately $33,000. Harbor Investment Advisory LLC boosted its holdings in Energy Transfer by 42.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock worth $34,000 after buying an additional 750 shares in the last quarter. Finally, Community Bank N.A. boosted its holdings in Energy Transfer by 55.9% during the fourth quarter. Community Bank N.A. now owns 2,651 shares of the pipeline company’s stock worth $37,000 after buying an additional 951 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Price Performance

NYSE:ET traded down $0.18 on Thursday, reaching $15.30. The stock had a trading volume of 17,107,705 shares, compared to its average volume of 12,048,338. The company has a market capitalization of $51.56 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 0.43 and a beta of 1.63. Energy Transfer LP has a 1-year low of $12.46 and a 1-year high of $16.40. The company has a quick ratio of 1.00, a current ratio of 1.18 and a debt-to-equity ratio of 1.37. The stock has a fifty day moving average price of $15.71 and a 200-day moving average price of $14.83.

Energy Transfer (NYSE:ET) last announced its earnings results on Wednesday, May 8th. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). Energy Transfer had a return on equity of 12.22% and a net margin of 4.85%. The company had revenue of $21.63 billion during the quarter, compared to the consensus estimate of $20.91 billion. During the same period in the prior year, the firm posted $0.32 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. Research analysts forecast that Energy Transfer LP will post 1.43 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were paid a dividend of $0.317 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.29%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, May 10th. Energy Transfer’s payout ratio is 116.51%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ET shares. Mizuho reaffirmed a “buy” rating and issued a $19.00 price objective (up previously from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. Citigroup increased their target price on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Stifel Nicolaus increased their target price on shares of Energy Transfer from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Morgan Stanley increased their target price on shares of Energy Transfer from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, UBS Group increased their target price on shares of Energy Transfer from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.86.

Energy Transfer 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.