SG Americas Securities LLC Has $40.01 Million Stock Holdings in Energy Transfer LP $ET

SG Americas Securities LLC boosted its stake in shares of Energy Transfer LP (NYSE:ET) by 6.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,073,255 shares of the pipeline company’s stock after buying an additional 132,755 shares during the period. SG Americas Securities LLC owned approximately 0.06% of Energy Transfer worth $40,014,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Basepoint Wealth LLC acquired a new position in shares of Energy Transfer in the fourth quarter valued at approximately $25,000. Gables Capital Management Inc. lifted its position in Energy Transfer by 60.0% in the 4th quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 600 shares in the last quarter. Sarver Vrooman Wealth Advisors bought a new stake in Energy Transfer in the 4th quarter valued at $32,000. Financial Life Planners acquired a new position in Energy Transfer in the 3rd quarter worth $34,000. Finally, Navalign LLC acquired a new position in Energy Transfer in the 4th quarter worth $37,000. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ET has been the topic of several recent research reports. Raymond James Financial reissued a “strong-buy” rating on shares of Energy Transfer in a research note on Wednesday, May 6th. Morgan Stanley increased their price objective on Energy Transfer from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Barclays reissued an “overweight” rating and issued a $23.00 target price (up from $22.00) on shares of Energy Transfer in a research report on Thursday, May 14th. Stifel Nicolaus boosted their target price on Energy Transfer from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $23.45.

Energy Transfer Trading Up 2.1%

Shares of NYSE:ET opened at $19.29 on Wednesday. The company’s 50-day moving average price is $19.42 and its two-hundred day moving average price is $18.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 0.93. Energy Transfer LP has a one year low of $16.18 and a one year high of $20.70. The stock has a market capitalization of $66.38 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 1.09 and a beta of 0.55.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.35 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 quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 earnings per share. On average, equities analysts forecast that Energy Transfer LP will post 1.43 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were given a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a yield of 7.0%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, May 8th. Energy Transfer’s payout ratio is currently 112.50%.

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.