Fidelis Capital Partners LLC Has $1.80 Million Stock Holdings in Energy Transfer LP $ET

Fidelis Capital Partners LLC raised its position in Energy Transfer LP (NYSE:ET) by 150.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,003 shares of the pipeline company’s stock after acquiring an additional 63,043 shares during the period. Fidelis Capital Partners LLC’s holdings in Energy Transfer were worth $1,802,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Chelsea Counsel Co. raised its stake in shares of Energy Transfer by 370.3% in the second quarter. Chelsea Counsel Co. now owns 94,050 shares of the pipeline company’s stock worth $1,705,000 after acquiring an additional 74,050 shares during the last quarter. Ariston Services Group grew its stake in shares of Energy Transfer by 126.7% during the second quarter. Ariston Services Group now owns 100,683 shares of the pipeline company’s stock valued at $1,825,000 after purchasing an additional 56,274 shares during the last quarter. Highland Capital Management LLC acquired a new stake in shares of Energy Transfer in the second quarter valued at approximately $930,000. Eagle Global Advisors LLC raised its position in Energy Transfer by 6.0% in the 3rd quarter. Eagle Global Advisors LLC now owns 6,466,059 shares of the pipeline company’s stock worth $110,958,000 after purchasing an additional 363,623 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in Energy Transfer by 223.7% during the 2nd quarter. Corient Private Wealth LLC now owns 1,690,771 shares of the pipeline company’s stock worth $30,654,000 after buying an additional 1,168,440 shares in the last quarter. Institutional investors own 38.22% of the company’s stock.

Insider Buying and Selling at Energy Transfer

In other news, Director Kelcy L. Warren purchased 1,000,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was bought at an average price of $16.95 per share, with a total value of $16,950,000.00. Following the acquisition, the director directly owned 104,577,803 shares of the company’s stock, valued at approximately $1,772,593,760.85. This represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.28% of the stock is currently owned by corporate insiders.

Key Stories Impacting Energy Transfer

Here are the key news stories impacting Energy Transfer this week:

• Positive Sentiment: Winter Storm Fern is driving near-term natural gas and power price spikes, validating the value of pipeline/storage assets and positioning Energy Transfer to benefit from higher flows, regional price spreads and demand for firm gas supply. Read More.
• Positive Sentiment: Energy Transfer announced a quarterly distribution increase to $0.335 per share (7.4% yield), signaling management’s focus on steady income and supporting the stock’s appeal to yield investors. Ex-dividend is Feb 6; payment Feb 19. Read More.
• Positive Sentiment: Insider and “super-investor” accumulation and management’s strategic pause on the Lake Charles LNG project (to redeploy capital into higher-return pipeline projects) are being read as confidence and a de-risking of growth plans, supporting the reflation thesis. Read More.
• Positive Sentiment: Analyst commentary highlights ET’s growing distribution story, upward earnings revisions and discounted valuation versus peers, reinforcing the buy/income case. Read More.
• Neutral Sentiment: Company executed a tenth supplemental indenture for senior notes — a financing/legal update investors should note but which appears procedural rather than immediately dilutive. Read More.
• Neutral Sentiment: Longer-term performance pieces and retrospectives show solid total-return history for patients, which supports buy-and-hold narratives but is less likely to move the stock short term. Read More.
• Negative Sentiment: Some analysis points to operating angles that need closer scrutiny (risk areas that could pressure multiple valuation if performance disappoints), so downside remains if operational/flow issues or margin pressure emerge. Read More.

Wall Street Analyst Weigh In

ET has been the topic of a number of recent research reports. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research report on Wednesday, January 7th. Morgan Stanley cut their price target on Energy Transfer from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. lowered their price objective on Energy Transfer from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Energy Transfer in a report on Wednesday, December 24th. Finally, Jefferies Financial Group set a $17.00 target price on shares of Energy Transfer and gave the company a “hold” rating in a research report on Tuesday, October 28th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.50.

Energy Transfer Trading Up 1.6%

NYSE ET opened at $18.25 on Thursday. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $21.16. The stock has a 50-day simple moving average of $16.81 and a 200 day simple moving average of $17.07. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $62.64 billion, a PE ratio of 14.60, a P/E/G ratio of 0.94 and a beta of 0.66.

Energy Transfer (NYSE:ET) last issued its earnings results on Wednesday, November 5th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The company had revenue of $19.95 billion for the quarter, compared to the consensus estimate of $21.84 billion. Energy Transfer had a return on equity of 10.71% and a net margin of 5.66%.Energy Transfer’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. Research analysts forecast that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Friday, February 6th will be issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 7.3%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, February 6th. Energy Transfer’s dividend payout ratio (DPR) is 106.40%.

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.