Energy Transfer LP (NYSE:ET) Shares Purchased by Chilton Capital Management LLC

Chilton Capital Management LLC raised its position in Energy Transfer LP (NYSE:ET) by 5.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 22,106 shares of the pipeline company’s stock after purchasing an additional 1,107 shares during the period. Chilton Capital Management LLC’s holdings in Energy Transfer were worth $348,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ET. EP Wealth Advisors LLC boosted its position in shares of Energy Transfer by 208.6% during the 3rd quarter. EP Wealth Advisors LLC now owns 30,864 shares of the pipeline company’s stock valued at $433,000 after acquiring an additional 20,864 shares during the last quarter. Wesbanco Bank Inc. grew its stake in shares of Energy Transfer by 11.8% in the 3rd quarter. Wesbanco Bank Inc. now owns 18,018 shares of the pipeline company’s stock valued at $253,000 after buying an additional 1,900 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Energy Transfer during the 4th quarter worth approximately $926,000. Capital Investment Advisors LLC raised its position in shares of Energy Transfer by 2.3% during the 4th quarter. Capital Investment Advisors LLC now owns 249,093 shares of the pipeline company’s stock valued at $3,437,000 after buying an additional 5,566 shares during the period. Finally, Tompkins Financial Corp lifted its holdings in Energy Transfer by 19.2% in the fourth quarter. Tompkins Financial Corp now owns 6,555 shares of the pipeline company’s stock valued at $90,000 after acquiring an additional 1,055 shares during the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Energy Transfer from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. UBS Group lifted their price objective on Energy Transfer from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Stifel Nicolaus increased their target price on Energy Transfer from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Morgan Stanley lifted 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. Finally, Mizuho increased their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Energy Transfer currently has a consensus rating of “Moderate Buy” and an average target price of $19.29.

Energy Transfer Stock Performance

Shares of NYSE ET traded up $0.14 during mid-day trading on Monday, hitting $16.39. 18,728,619 shares of the company were exchanged, compared to its average volume of 11,867,517. The stock has a 50 day simple moving average of $15.82 and a 200-day simple moving average of $15.20. Energy Transfer LP has a 1-year low of $12.46 and a 1-year high of $16.48. 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 firm has a market cap of $55.23 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 0.44 and a beta of 1.66.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Wednesday, May 8th. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). Energy Transfer had a net margin of 4.85% and a return on equity of 12.22%. The company had revenue of $21.63 billion during the quarter, compared to analyst estimates of $20.91 billion. During the same quarter last year, the business earned $0.32 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, sell-side analysts forecast that Energy Transfer LP will post 1.45 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were issued a $0.317 dividend. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.74%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, May 10th. Energy Transfer’s payout ratio is 116.51%.

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.