Hobbs Group Advisors LLC Boosts Stock Position in Energy Transfer LP (NYSE:ET)

Hobbs Group Advisors LLC increased its holdings in Energy Transfer LP (NYSE:ET) by 5.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,862 shares of the pipeline company’s stock after buying an additional 702 shares during the period. Hobbs Group Advisors LLC’s holdings in Energy Transfer were worth $272,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Mountain Hill Investment Partners Corp. bought a new stake in shares of Energy Transfer in the 4th quarter worth $25,000. GAMMA Investing LLC purchased a new stake in Energy Transfer in the 4th quarter worth about $29,000. United Community Bank acquired a new stake in shares of Energy Transfer during the fourth quarter worth approximately $35,000. Financial Life Planners purchased a new position in shares of Energy Transfer during the 4th quarter valued at $37,000. Finally, Tortoise Investment Management LLC grew its stake in Energy Transfer by 111.1% in the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 1,000 shares in the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Stock Down 0.9 %

ET opened at $18.72 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The company’s 50-day moving average price is $19.46 and its two-hundred day moving average price is $18.36. Energy Transfer LP has a twelve month low of $14.90 and a twelve month high of $21.45. The stock has a market cap of $64.22 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 0.64 and a beta of 1.72.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. As a group, equities analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were paid a dividend of $0.325 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.95%. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer’s dividend payout ratio (DPR) is 101.56%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a report on Tuesday, March 4th. Barclays boosted their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Morgan Stanley upped their price target on Energy Transfer from $20.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday. Stifel Nicolaus boosted their target price on Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company raised their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Energy Transfer presently has an average rating of “Moderate Buy” and a consensus target price of $22.09.

About Energy Transfer

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.