Energy Transfer LP $ET Stake Lifted by Texas Yale Capital Corp.

Texas Yale Capital Corp. increased its stake in shares of Energy Transfer LP (NYSE:ET) by 6.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,311,965 shares of the pipeline company’s stock after acquiring an additional 75,700 shares during the period. Energy Transfer makes up about 0.7% of Texas Yale Capital Corp.’s holdings, making the stock its 15th largest holding. Texas Yale Capital Corp.’s holdings in Energy Transfer were worth $21,634,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Basepoint Wealth LLC bought a new position in Energy Transfer during the 4th quarter worth $25,000. Rothschild Investment LLC grew its stake in Energy Transfer by 3.5% during the 4th quarter. Rothschild Investment LLC now owns 24,069 shares of the pipeline company’s stock worth $397,000 after buying an additional 807 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Energy Transfer by 17.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 299,110 shares of the pipeline company’s stock worth $4,932,000 after buying an additional 45,005 shares during the last quarter. Moors & Cabot Inc. grew its stake in Energy Transfer by 1.6% during the 4th quarter. Moors & Cabot Inc. now owns 435,070 shares of the pipeline company’s stock worth $7,174,000 after buying an additional 6,917 shares during the last quarter. Finally, Severin Investments LLC grew its stake in Energy Transfer by 4.4% during the 4th quarter. Severin Investments LLC now owns 27,439 shares of the pipeline company’s stock worth $452,000 after buying an additional 1,158 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors.

Energy Transfer Trading Down 1.3%

Shares of ET stock opened at $19.16 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.93 and a current ratio of 1.17. Energy Transfer LP has a 1 year low of $16.18 and a 1 year high of $20.70. The stock has a fifty day moving average of $19.43 and a two-hundred day moving average of $18.16. The firm has a market capitalization of $65.93 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $25.78 billion. Energy Transfer had a return on equity of 9.77% and a net margin of 4.66%.The company’s revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 EPS. As a group, research analysts expect that Energy Transfer LP will post 1.41 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were issued a $0.3375 dividend. This represents a $1.35 annualized dividend and a dividend yield of 7.0%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, May 8th. Energy Transfer’s payout ratio is currently 112.50%.

Analyst Ratings Changes

A number of research analysts recently commented on ET shares. UBS Group restated a “buy” rating on shares of Energy Transfer in a research note on Tuesday, May 12th. Barclays reiterated an “overweight” rating and set a $23.00 price target (up from $22.00) on shares of Energy Transfer in a research report on Thursday, May 14th. Stifel Nicolaus boosted their price target on Energy Transfer from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Raymond James Financial reiterated a “strong-buy” rating on shares of Energy Transfer in a research report on Wednesday, May 6th. Finally, Morgan Stanley boosted their price target on Energy Transfer from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $23.45.

About Energy Transfer

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.