ORG Partners LLC Invests $5.61 Million in Energy Transfer LP (NYSE:ET)

ORG Partners LLC purchased a new position in shares of Energy Transfer LP (NYSE:ET) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 357,825 shares of the pipeline company’s stock, valued at approximately $5,614,000. Energy Transfer makes up about 10.7% of ORG Partners LLC’s holdings, making the stock its largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Financial Advisors acquired a new stake in shares of Energy Transfer in the fourth quarter valued at about $25,000. Rise Advisors LLC boosted its position in shares of Energy Transfer by 88.2% during the 4th quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 927 shares in the last quarter. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Energy Transfer during the 4th quarter valued at about $33,000. Harbor Investment Advisory LLC boosted its position in shares of Energy Transfer by 42.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 750 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in shares of Energy Transfer during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Stock Down 0.4 %

Shares of Energy Transfer stock traded down $0.06 on Friday, hitting $16.25. The company had a trading volume of 11,323,407 shares, compared to its average volume of 11,807,250. The stock has a market capitalization of $54.76 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 0.44 and a beta of 1.66. Energy Transfer LP has a 1 year low of $12.46 and a 1 year high of $16.48. The stock has a 50 day moving average of $15.81 and a 200-day moving average of $15.16. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.00 and a current ratio of 1.18.

Energy Transfer (NYSE:ET) last issued its quarterly earnings results on Wednesday, May 8th. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The business had revenue of $21.63 billion for the quarter, compared to analysts’ expectations of $20.91 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.22%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. As a group, sell-side analysts forecast that Energy Transfer LP will post 1.45 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were given a $0.317 dividend. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date was Friday, May 10th. Energy Transfer’s dividend payout ratio (DPR) is currently 116.51%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ET. Mizuho upped their target price on Energy Transfer from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Morgan Stanley upped their target price on Energy Transfer from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, June 10th. UBS Group increased their price target on Energy Transfer from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Stifel Nicolaus increased their price target on Energy Transfer from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, JPMorgan Chase & Co. increased their price target on Energy Transfer from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, June 20th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.29.

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.