Fidelis Capital Partners LLC Acquires 63,043 Shares of Energy Transfer LP $ET

Fidelis Capital Partners LLC increased its holdings in shares of Energy Transfer LP (NYSE:ET) by 150.2% in the third quarter, Holdings Channel.com reports. The firm owned 105,003 shares of the pipeline company’s stock after purchasing an additional 63,043 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Energy Transfer were worth $1,802,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Energy Transfer by 1.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 39,845 shares of the pipeline company’s stock valued at $723,000 after buying an additional 565 shares during the period. Bogart Wealth LLC lifted its position in Energy Transfer by 1.9% in the 2nd quarter. Bogart Wealth LLC now owns 32,788 shares of the pipeline company’s stock valued at $594,000 after acquiring an additional 604 shares in the last quarter. Chicago Capital LLC boosted its stake in Energy Transfer by 2.6% in the 2nd quarter. Chicago Capital LLC now owns 24,056 shares of the pipeline company’s stock worth $436,000 after purchasing an additional 618 shares during the period. Quantum Private Wealth LLC increased its holdings in Energy Transfer by 0.5% during the 2nd quarter. Quantum Private Wealth LLC now owns 116,515 shares of the pipeline company’s stock worth $2,112,000 after purchasing an additional 627 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its stake in shares of Energy Transfer by 3.4% in the 3rd quarter. HBK Sorce Advisory LLC now owns 19,018 shares of the pipeline company’s stock valued at $321,000 after purchasing an additional 628 shares during the period. 38.22% of the stock is currently owned by institutional investors and hedge funds.

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 company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 1.50. The stock has a 50 day moving average of $16.81 and a 200-day moving average of $17.07. The company has a market cap of $62.64 billion, a PE ratio of 14.60, a PEG 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 for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Energy Transfer had a return on equity of 10.71% and a net margin of 5.66%.The firm had revenue of $19.95 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Energy Transfer’s quarterly revenue was down 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Energy Transfer in a research report on Wednesday, December 24th. Royal Bank Of Canada raised Energy Transfer to a “moderate buy” rating in a research report on Monday, December 15th. Scotiabank reiterated an “outperform” rating on shares of Energy Transfer in a report on Friday, January 16th. Morgan Stanley cut their price objective on shares of Energy Transfer from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 2nd. Finally, Barclays reaffirmed an “overweight” rating and issued a $22.00 target price (down previously from $25.00) on shares of Energy Transfer in a research report on Monday, January 12th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.50.

Insider Transactions at Energy Transfer

In other Energy Transfer news, Director Kelcy L. Warren purchased 1,000,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were purchased at an average price of $16.95 per share, with a total value of $16,950,000.00. Following the completion of the transaction, the director directly owned 104,577,803 shares in the company, valued at $1,772,593,760.85. This represents a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.28% of the company’s stock.

Energy Transfer News Summary

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.

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.