Energy Transfer LP $ET Shares Acquired by Tema Etfs LLC

Tema Etfs LLC boosted its stake in shares of Energy Transfer LP (NYSE:ETFree Report) by 354.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 643,800 shares of the pipeline company’s stock after purchasing an additional 502,186 shares during the quarter. Energy Transfer makes up approximately 0.8% of Tema Etfs LLC’s holdings, making the stock its 27th largest position. Tema Etfs LLC’s holdings in Energy Transfer were worth $10,616,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ET. Financial Life Planners acquired a new stake in Energy Transfer in the third quarter worth $34,000. Core Alternative Capital acquired a new position in shares of Energy Transfer during the third quarter valued at $46,000. FSC Wealth Advisors LLC acquired a new position in shares of Energy Transfer during the second quarter valued at $50,000. Clearstead Trust LLC bought a new position in shares of Energy Transfer during the third quarter worth about $50,000. Finally, Golden State Wealth Management LLC grew its position in shares of Energy Transfer by 38.9% during the third quarter. Golden State Wealth Management LLC now owns 2,918 shares of the pipeline company’s stock worth $50,000 after acquiring an additional 817 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors.

Energy Transfer Stock Down 1.5%

Shares of ET stock opened at $19.02 on Thursday. Energy Transfer LP has a 1 year low of $14.60 and a 1 year high of $19.85. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.90 and a current ratio of 1.22. The business’s fifty day moving average is $18.66 and its 200-day moving average is $17.45. The stock has a market cap of $65.43 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.08 and a beta of 0.62.

Energy Transfer (NYSE:ETGet Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.09). Energy Transfer had a net margin of 5.11% and a return on equity of 10.17%. The firm had revenue of $25.32 billion during the quarter, compared to analyst estimates of $23.56 billion. During the same quarter last year, the company earned $0.29 EPS. The company’s quarterly revenue was up 29.6% compared to the same quarter last year. Equities analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Friday, February 6th were issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Friday, February 6th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s dividend payout ratio is currently 110.74%.

Trending Headlines about Energy Transfer

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ET shares. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research report on Wednesday, January 7th. Royal Bank Of Canada upgraded shares of Energy Transfer to a “moderate buy” rating in a research report on Monday, December 15th. Morgan Stanley raised their price target on shares of Energy Transfer from $19.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Energy Transfer in a report on Wednesday, December 24th. Finally, Scotiabank reiterated an “outperform” rating on shares of Energy Transfer in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Energy Transfer currently has an average rating of “Moderate Buy” and an average price target of $21.60.

Check Out Our Latest Stock Analysis on ET

About Energy Transfer

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding ET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Transfer LP (NYSE:ETFree Report).

Institutional Ownership by Quarter for Energy Transfer (NYSE:ET)

Receive News & Ratings for Energy Transfer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer and related companies with MarketBeat.com's FREE daily email newsletter.