GSA Capital Partners LLP Sells 33,603 Shares of Energy Transfer LP $ET

GSA Capital Partners LLP lowered its position in Energy Transfer LP (NYSE:ET) by 44.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,410 shares of the pipeline company’s stock after selling 33,603 shares during the quarter. GSA Capital Partners LLP’s holdings in Energy Transfer were worth $711,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wealthcare Advisory Partners LLC increased its stake in Energy Transfer by 0.7% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 129,058 shares of the pipeline company’s stock worth $2,215,000 after acquiring an additional 923 shares during the last quarter. Rothschild Investment LLC boosted its position in shares of Energy Transfer by 38.8% during the 3rd quarter. Rothschild Investment LLC now owns 23,262 shares of the pipeline company’s stock valued at $399,000 after acquiring an additional 6,500 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of Energy Transfer by 3.0% during the third quarter. Merit Financial Group LLC now owns 45,952 shares of the pipeline company’s stock worth $789,000 after purchasing an additional 1,323 shares in the last quarter. Founders Financial Alliance LLC increased its position in shares of Energy Transfer by 22.6% in the third quarter. Founders Financial Alliance LLC now owns 13,492 shares of the pipeline company’s stock worth $232,000 after purchasing an additional 2,491 shares during the last quarter. Finally, Balentine LLC purchased a new stake in Energy Transfer in the third quarter valued at approximately $260,000. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Price Performance

ET stock opened at $18.96 on Friday. The firm has a market cap of $65.08 billion, a P/E ratio of 15.67, a P/E/G ratio of 0.98 and a beta of 0.66. The firm’s fifty day moving average is $17.43 and its 200 day moving average is $17.17. Energy Transfer LP has a 52 week low of $14.60 and a 52 week high of $19.88. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.14 and a current ratio of 1.41.

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 the consensus estimate of $0.34 by ($0.09). Energy Transfer had a net margin of 5.11% and a return on equity of 10.38%. The business had revenue of $25.32 billion for the quarter, compared to analysts’ expectations of $23.56 billion. During the same quarter in the previous year, the company earned $0.29 earnings per share. The business’s quarterly revenue was up 29.6% on a year-over-year basis. Research analysts predict 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 issued a dividend of $0.335 per share. The ex-dividend date was Friday, February 6th. This represents a $1.34 annualized dividend and a yield of 7.1%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s dividend payout ratio (DPR) is currently 110.74%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group reissued a “buy” rating on shares of Energy Transfer in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Energy Transfer in a report on Wednesday, December 24th. Jefferies Financial Group reissued a “hold” rating on shares of Energy Transfer in a research note on Wednesday. Royal Bank Of Canada upgraded Energy Transfer to a “moderate buy” rating in a research report on Monday, December 15th. Finally, JPMorgan Chase & Co. dropped their price target on Energy Transfer from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Monday, November 24th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Energy Transfer Company 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.