Samjo Management LLC Acquires 4,500 Shares of Energy Transfer LP (NYSE:ET)

Samjo Management LLC lifted its stake in Energy Transfer LP (NYSE:ET) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,500 shares of the pipeline company’s stock after purchasing an additional 4,500 shares during the period. Samjo Management LLC’s holdings in Energy Transfer were worth $872,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. purchased a new stake in Energy Transfer in the fourth quarter worth about $25,000. GAMMA Investing LLC bought a new stake in shares of Energy Transfer in the 4th quarter worth about $29,000. United Community Bank bought a new stake in shares of Energy Transfer during the fourth quarter worth $35,000. Financial Life Planners bought a new position in Energy Transfer in the 4th quarter worth about $37,000. Finally, Tortoise Investment Management LLC raised its holdings in shares of Energy Transfer by 111.1% in the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Stock Down 9.1 %

Energy Transfer stock opened at $16.12 on Friday. The company has a market capitalization of $55.30 billion, a P/E ratio of 12.59, a P/E/G ratio of 0.64 and a beta of 1.72. Energy Transfer LP has a twelve month low of $14.90 and a twelve month high of $21.45. The firm has a 50 day moving average price of $19.18 and a 200-day moving average price of $18.43. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42.

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

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a $0.325 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 8.07%. Energy Transfer’s payout ratio is 101.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Citigroup reissued a “buy” rating on shares of Energy Transfer in a report on Monday, March 24th. Barclays upped their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Morgan Stanley upped their price objective on Energy Transfer from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price target on shares of Energy Transfer in a research note on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Energy Transfer has an average rating of “Moderate Buy” and an average price target of $22.09.

About Energy Transfer

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.