Militia Capital Partners LP Has $8.19 Million Stock Holdings in Energy Transfer LP $ET

Militia Capital Partners LP lessened its holdings in shares of Energy Transfer LP (NYSE:ET) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 477,000 shares of the pipeline company’s stock after selling 53,000 shares during the period. Energy Transfer accounts for 3.9% of Militia Capital Partners LP’s holdings, making the stock its 3rd biggest holding. Militia Capital Partners LP’s holdings in Energy Transfer were worth $8,185,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Energy Transfer by 93.4% during the 4th quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock worth $481,000 after buying an additional 11,844 shares during the period. AQR Capital Management LLC increased its stake in shares of Energy Transfer by 62.8% in the first quarter. AQR Capital Management LLC now owns 21,041 shares of the pipeline company’s stock valued at $391,000 after buying an additional 8,118 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Energy Transfer by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 247,599 shares of the pipeline company’s stock worth $4,489,000 after acquiring an additional 6,857 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Energy Transfer by 6.2% during the second quarter. Geode Capital Management LLC now owns 135,395 shares of the pipeline company’s stock worth $2,455,000 after acquiring an additional 7,901 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in shares of Energy Transfer by 5.0% in the second quarter. Foundations Investment Advisors LLC now owns 93,741 shares of the pipeline company’s stock worth $1,700,000 after acquiring an additional 4,478 shares during the period. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Trading Up 0.0%

Shares of ET stock opened at $18.76 on Tuesday. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $19.30. 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 stock has a 50 day simple moving average of $18.18 and a two-hundred day simple moving average of $17.31. The company has a market cap of $64.52 billion, a P/E ratio of 15.50, a PEG ratio of 1.02 and a beta of 0.63.

Energy Transfer (NYSE:ET) last posted its quarterly earnings results on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). The business had revenue of $25.32 billion for the quarter, compared to the consensus estimate of $23.56 billion. Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.Energy Transfer’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 earnings per share. Research analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Friday, February 6th were paid a dividend of $0.335 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.34 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Friday, February 6th. Energy Transfer’s payout ratio is currently 110.74%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ET. Barclays reiterated an “overweight” rating and issued a $22.00 target price (down from $25.00) on shares of Energy Transfer in a report on Monday, January 12th. Wells Fargo & Company boosted their price target on shares of Energy Transfer from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday. Royal Bank Of Canada raised shares of Energy Transfer to a “moderate buy” rating in a research note on Monday, December 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Energy Transfer in a research report on Wednesday, December 24th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Energy Transfer in a research note on Wednesday, February 18th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.60.

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.