Caprock Group LLC Buys 83,329 Shares of Energy Transfer LP $ET

Key Points

• Caprock Group LLC increased its stake in Energy Transfer by 124.7% in Q4, buying 83,329 shares to hold 150,155 shares valued at about $2.48 million.
• Energy Transfer reported Q results of $0.25 EPS vs. $0.34 expected (a miss), while revenue jumped 29.6% year‑over‑year to $25.32 billion.
• Energy Transfer raised its quarterly dividend to $0.335 (annualized $1.34), reflecting a roughly 7.0% yield but a payout ratio near 110.7%.

Caprock Group LLC lifted its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 124.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 150,155 shares of the pipeline company's stock after acquiring an additional 83,329 shares during the quarter. Caprock Group LLC's holdings in Energy Transfer were worth $2,476,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Eagle Global Advisors LLC grew its stake in Energy Transfer by 0.7% in the fourth quarter. Eagle Global Advisors LLC now owns 6,511,883 shares of the pipeline company's stock worth $107,381,000 after purchasing an additional 45,824 shares in the last quarter. Campbell Capital Management Inc. increased its holdings in Energy Transfer by 70.4% during the 4th quarter. Campbell Capital Management Inc. now owns 126,100 shares of the pipeline company's stock worth $2,079,000 after purchasing an additional 52,100 shares during the period. Financial Plan Inc. bought a new stake in Energy Transfer during the 4th quarter valued at $247,000. Novem Group raised its position in Energy Transfer by 3.3% during the 4th quarter. Novem Group now owns 32,148 shares of the pipeline company's stock valued at $530,000 after purchasing an additional 1,013 shares in the last quarter. Finally, SageGuard Financial Group LLC purchased a new stake in shares of Energy Transfer in the 4th quarter worth $5,487,000. Hedge funds and other institutional investors own 38.22% of the company's stock.

Energy Transfer Stock Down 0.7%

Shares of NYSE ET opened at $19.03 on Friday. Energy Transfer LP has a 12-month low of $15.80 and a 12-month high of $19.85. The stock's fifty day simple moving average is $18.92 and its two-hundred day simple moving average is $17.65. The stock has a market capitalization of $65.45 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.05 and a beta of 0.62. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.50.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.09). Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.The company had revenue of $25.32 billion for the quarter, compared to analysts' expectations of $23.56 billion. During the same quarter last year, the company earned $0.29 earnings per share. The company's revenue for the quarter was up 29.6% compared to the same quarter last year. As a group, analysts expect that Energy Transfer LP will post 1.5 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Friday, February 6th were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Friday, February 6th. This is a positive change from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.34 annualized dividend and a dividend yield of 7.0%. Energy Transfer's payout ratio is currently 110.74%.

Analyst Ratings Changes

ET has been the topic of several research reports. TD Cowen raised their price target on Energy Transfer from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, February 18th. Scotiabank reaffirmed an "outperform" rating on shares of Energy Transfer in a research note on Friday, January 16th. UBS Group reiterated a "buy" rating on shares of Energy Transfer in a report on Wednesday, January 7th. Wells Fargo & Company raised their target price on shares of Energy Transfer from $23.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday, March 13th. Finally, Morgan Stanley boosted their price target on shares of Energy Transfer from $19.00 to $21.00 and gave the company an "equal weight" rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Energy Transfer has an average rating of "Moderate Buy" and an average target price of $21.60.

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.

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