MRP Capital Investments LLC Purchases 1,150 Shares of Energy Transfer LP (NYSE:ET)

MRP Capital Investments LLC grew its position in shares of Energy Transfer LP (NYSE:ET) by 46.8% in the 4th quarter, HoldingsChannel reports. The fund owned 3,606 shares of the pipeline company’s stock after buying an additional 1,150 shares during the period. MRP Capital Investments LLC’s holdings in Energy Transfer were worth $71,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ET. Thrivent Financial for Lutherans boosted its position in Energy Transfer by 57.0% in the third quarter. Thrivent Financial for Lutherans now owns 21,671 shares of the pipeline company’s stock worth $348,000 after purchasing an additional 7,870 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Energy Transfer by 45.5% in the 3rd quarter. Avior Wealth Management LLC now owns 60,868 shares of the pipeline company’s stock valued at $977,000 after acquiring an additional 19,045 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Energy Transfer in the 3rd quarter valued at about $2,656,000. Strategy Asset Managers LLC purchased a new stake in shares of Energy Transfer in the 3rd quarter valued at about $299,000. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Energy Transfer during the 3rd quarter valued at about $396,000. Institutional investors own 38.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ET shares. Citigroup raised their price objective on Energy Transfer from $20.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Wells Fargo & Company lifted their price objective on Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Royal Bank of Canada lifted their price target on Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Barclays lifted their price target on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.55.

Energy Transfer Stock Performance

NYSE:ET opened at $18.83 on Friday. The firm has a market capitalization of $64.62 billion, a PE ratio of 14.71, a P/E/G ratio of 0.64 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. The stock has a 50-day simple moving average of $19.59 and a two-hundred day simple moving average of $18.24. Energy Transfer LP has a 52-week low of $14.90 and a 52-week high of $21.45.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. Analysts forecast that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 6.90%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer’s dividend payout ratio is presently 101.56%.

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.