MSH Capital Advisors LLC Acquires 30,825 Shares of Energy Transfer LP $ET

MSH Capital Advisors LLC boosted its holdings in Energy Transfer LP (NYSE:ET) by 50.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 91,634 shares of the pipeline company’s stock after purchasing an additional 30,825 shares during the quarter. MSH Capital Advisors LLC’s holdings in Energy Transfer were worth $1,511,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Energy Transfer by 93.4% during the fourth quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock valued at $481,000 after acquiring an additional 11,844 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Energy Transfer by 62.8% during the first quarter. AQR Capital Management LLC now owns 21,041 shares of the pipeline company’s stock valued at $391,000 after acquiring an additional 8,118 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 valued at $2,455,000 after acquiring an additional 7,901 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Energy Transfer by 436.5% during the second quarter. Russell Investments Group Ltd. now owns 4,179 shares of the pipeline company’s stock valued at $76,000 after acquiring an additional 3,400 shares in the last quarter. Finally, Guggenheim Capital LLC increased its holdings in shares of Energy Transfer by 5.6% during the second quarter. Guggenheim Capital LLC now owns 50,919 shares of the pipeline company’s stock valued at $923,000 after acquiring an additional 2,700 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays restated an “overweight” rating and set a $23.00 price objective (up from $22.00) on shares of Energy Transfer in a report on Thursday, May 14th. Citigroup restated a “buy” rating and set a $23.00 price objective (up from $22.00) on shares of Energy Transfer in a report on Thursday, May 7th. JPMorgan Chase & Co. boosted their price objective on Energy Transfer from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Morgan Stanley boosted their price objective on Energy Transfer from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, March 10th. Finally, UBS Group restated a “buy” rating on shares of Energy Transfer in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $22.73.

Energy Transfer Trading Up 0.1%

Shares of Energy Transfer stock opened at $20.09 on Tuesday. The stock has a fifty day simple moving average of $19.38 and a 200 day simple moving average of $18.10. Energy Transfer LP has a 12-month low of $16.18 and a 12-month high of $20.70. The company has a market capitalization of $69.14 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.21 and a beta of 0.57. The company has a current ratio of 1.17, a quick ratio of 0.93 and a debt-to-equity ratio of 1.50.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). Energy Transfer had a return on equity of 9.77% and a net margin of 4.66%.The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $25.78 billion. During the same quarter last year, the company posted $0.36 EPS. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Energy Transfer LP will post 1.37 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were issued a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a yield of 6.7%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, May 8th. Energy Transfer’s dividend payout ratio is currently 112.50%.

Energy Transfer Profile

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.