Kercheville Advisors LLC Has $2.69 Million Stock Holdings in Energy Transfer LP (NYSE:ET)

Kercheville Advisors LLC lifted its stake in shares of Energy Transfer LP (NYSE:ET) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,150 shares of the pipeline company’s stock after buying an additional 15,250 shares during the period. Energy Transfer comprises approximately 1.0% of Kercheville Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Kercheville Advisors LLC’s holdings in Energy Transfer were worth $2,687,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Empowered Funds LLC lifted its holdings in Energy Transfer by 15.0% in the third quarter. Empowered Funds LLC now owns 346,825 shares of the pipeline company’s stock valued at $5,567,000 after buying an additional 45,172 shares during the period. Watts Gwilliam & Co. LLC bought a new position in shares of Energy Transfer in the 4th quarter worth about $1,297,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in shares of Energy Transfer by 4.0% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 7,586,598 shares of the pipeline company’s stock valued at $148,621,000 after purchasing an additional 293,088 shares during the period. Kingsview Wealth Management LLC boosted its position in shares of Energy Transfer by 30.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 242,042 shares of the pipeline company’s stock valued at $3,885,000 after purchasing an additional 57,184 shares in the last quarter. Finally, Paragon Capital Management Ltd grew its stake in Energy Transfer by 435.5% during the fourth quarter. Paragon Capital Management Ltd now owns 68,724 shares of the pipeline company’s stock worth $1,346,000 after purchasing an additional 55,890 shares during the period. 38.22% of the stock is currently owned by institutional investors.

Energy Transfer Stock Performance

Shares of ET opened at $20.79 on Thursday. Energy Transfer LP has a 1 year low of $13.79 and a 1 year high of $21.45. 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 stock’s fifty day moving average price is $19.66 and its two-hundred day moving average price is $17.57. The firm has a market cap of $71.19 billion, a PE ratio of 15.29, a PEG ratio of 0.54 and a beta of 1.69.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $20.77 billion for the quarter, compared to analysts’ expectations of $21.59 billion. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS. On average, equities research analysts forecast that Energy Transfer LP will post 1.36 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be paid a dividend of $0.325 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date is Friday, February 7th. Energy Transfer’s dividend payout ratio is presently 95.59%.

Wall Street Analyst Weigh In

ET has been the topic of several research analyst reports. Barclays increased their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Royal Bank of Canada increased their price target on Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Wells Fargo & Company boosted their price objective on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group increased their target price on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, Bank of America initiated 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. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Energy Transfer currently has a consensus rating of “Moderate Buy” and an average target price of $20.82.

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.