Segall Bryant & Hamill LLC Acquires Shares of 165,499 Energy Transfer LP (NYSE:ET)

Segall Bryant & Hamill LLC bought a new position in shares of Energy Transfer LP (NYSE:ET) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 165,499 shares of the pipeline company’s stock, valued at approximately $2,656,000.

A number of other large investors have also recently made changes to their positions in ET. Tortoise Capital Advisors L.L.C. grew its stake in Energy Transfer by 12.7% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 36,668,846 shares of the pipeline company’s stock worth $594,769,000 after acquiring an additional 4,141,715 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in Energy Transfer by 1.1% in the second quarter. Westwood Holdings Group Inc. now owns 16,107,470 shares of the pipeline company’s stock worth $261,263,000 after purchasing an additional 171,720 shares in the last quarter. Chickasaw Capital Management LLC increased its holdings in Energy Transfer by 3.1% during the 3rd quarter. Chickasaw Capital Management LLC now owns 15,350,521 shares of the pipeline company’s stock worth $246,376,000 after purchasing an additional 466,565 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its position in Energy Transfer by 7.9% during the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 7,293,510 shares of the pipeline company’s stock valued at $117,061,000 after purchasing an additional 536,047 shares in the last quarter. Finally, Merewether Investment Management LP lifted its holdings in shares of Energy Transfer by 22.3% in the 2nd quarter. Merewether Investment Management LP now owns 6,591,793 shares of the pipeline company’s stock worth $106,919,000 after buying an additional 1,200,501 shares during the period. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Trading Up 0.5 %

Shares of NYSE:ET opened at $19.06 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88. The firm has a market capitalization of $65.26 billion, a P/E ratio of 14.01, a P/E/G ratio of 0.55 and a beta of 1.66. The business’s 50-day moving average is $16.66 and its 200 day moving average is $16.18. Energy Transfer LP has a 1 year low of $13.11 and a 1 year high of $19.20.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $20.77 billion during the quarter, compared to analyst estimates of $21.59 billion. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. Energy Transfer’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.31 EPS. On average, research analysts predict that Energy Transfer LP will post 1.34 earnings per share for the current fiscal year.

Energy Transfer Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were given a dividend of $0.3225 per share. The ex-dividend date was Friday, November 8th. This represents a $1.29 dividend on an annualized basis and a yield of 6.77%. Energy Transfer’s dividend payout ratio is currently 94.85%.

Analyst Ratings Changes

ET has been the topic of a number of research reports. UBS Group raised their target price on shares of Energy Transfer from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Bank of America started coverage on shares of Energy Transfer in a report on Thursday, October 17th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Royal Bank of Canada upped their target price on Energy Transfer from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $20.00.

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.