DCF Advisers LLC Invests $4.96 Million in Energy Transfer LP $ET

DCF Advisers LLC bought a new position in shares of Energy Transfer LP (NYSE:ET) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 300,500 shares of the pipeline company’s stock, valued at approximately $4,955,000. Energy Transfer makes up 1.3% of DCF Advisers LLC’s holdings, making the stock its 22nd largest position.

A number of other large investors have also modified their holdings of the business. Basepoint Wealth LLC acquired a new stake in shares of Energy Transfer in the 4th quarter worth approximately $25,000. Gables Capital Management Inc. grew its holdings in shares of Energy Transfer by 60.0% in the 4th quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 600 shares during the period. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Energy Transfer in the 4th quarter worth approximately $32,000. Financial Life Planners acquired a new stake in shares of Energy Transfer in the 3rd quarter worth approximately $34,000. Finally, Navalign LLC acquired a new stake in shares of Energy Transfer in the 4th quarter worth approximately $37,000. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Price Performance

ET stock opened at $19.04 on Thursday. Energy Transfer LP has a 52-week low of $16.18 and a 52-week high of $20.70. The stock’s fifty day simple moving average is $19.45 and its 200-day simple moving average is $18.32. The company has a quick ratio of 0.93, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $65.51 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.10 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). Energy Transfer had a return on equity of 9.77% and a net margin of 4.66%.The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $25.78 billion. During the same quarter last year, the business earned $0.36 EPS. Energy Transfer’s revenue for the quarter was up 32.1% compared to the same quarter last year. Equities research analysts expect that Energy Transfer LP will post 1.43 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were issued a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a dividend yield of 7.1%. 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 112.50%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ET. Citigroup restated a “buy” rating and issued a $23.00 price target (up from $22.00) on shares of Energy Transfer in a report on Thursday, May 7th. UBS Group restated a “buy” rating on shares of Energy Transfer in a report on Tuesday, May 12th. Scotiabank restated an “outperform” rating on shares of Energy Transfer in a report on Tuesday, May 12th. Barclays restated an “overweight” rating and issued a $23.00 price target (up from $22.00) on shares of Energy Transfer in a report on Thursday, May 14th. Finally, Stifel Nicolaus upped their price target on Energy Transfer from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Two equities research 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. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus 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.