Murphy & Mullick Capital Management Corp Purchases New Shares in Energy Transfer LP (NYSE:ET)

Murphy & Mullick Capital Management Corp acquired a new position in Energy Transfer LP (NYSE:ET) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,020 shares of the pipeline company’s stock, valued at approximately $59,000.

Several other hedge funds have also modified their holdings of the company. Aire Advisors LLC lifted its position in shares of Energy Transfer by 22.1% during the 4th quarter. Aire Advisors LLC now owns 23,964 shares of the pipeline company’s stock valued at $469,000 after buying an additional 4,341 shares in the last quarter. Potentia Wealth acquired a new position in Energy Transfer during the fourth quarter worth $317,000. TIAA Trust National Association lifted its holdings in Energy Transfer by 7.0% during the fourth quarter. TIAA Trust National Association now owns 15,702 shares of the pipeline company’s stock valued at $308,000 after purchasing an additional 1,031 shares in the last quarter. Modern Wealth Management LLC acquired a new stake in shares of Energy Transfer in the fourth quarter valued at about $202,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of Energy Transfer during the fourth quarter worth about $25,000. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Trading Down 0.1 %

Shares of ET stock opened at $18.90 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. Energy Transfer LP has a twelve month low of $14.90 and a twelve month high of $21.45. The company’s 50-day moving average price is $19.49 and its 200-day moving average price is $18.34. The stock has a market cap of $64.86 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 0.64 and a beta of 1.72.

Energy Transfer (NYSE:ET) last posted its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. As a group, equities analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 6.88%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer’s dividend payout ratio is presently 101.56%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ET. Citigroup reaffirmed a “buy” rating on shares of Energy Transfer in a research note on Monday. UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Barclays increased their price objective on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 target price on shares of Energy Transfer in a report on Tuesday. Finally, The Goldman Sachs Group increased their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.09.

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.