Kercheville Advisors LLC Has $2.97 Million Holdings in Energy Transfer LP (NYSE:ET)

Kercheville Advisors LLC lifted its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 159,850 shares of the pipeline company's stock after buying an additional 22,700 shares during the quarter. Energy Transfer comprises approximately 1.2% of Kercheville Advisors LLC's investment portfolio, making the stock its 24th largest holding. Kercheville Advisors LLC's holdings in Energy Transfer were worth $2,972,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Energy Transfer during the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Energy Transfer during the 4th quarter worth approximately $26,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Energy Transfer during the 4th quarter worth approximately $29,000. United Community Bank acquired a new stake in shares of Energy Transfer during the 4th quarter worth approximately $35,000. Finally, Tortoise Investment Management LLC grew its position in shares of Energy Transfer by 111.1% during the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company's stock worth $37,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 38.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ET. UBS Group reissued a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Morgan Stanley lifted their price target on shares of Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Mizuho lifted their price target on shares of Energy Transfer from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. Citigroup reissued a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. Finally, Wells Fargo & Company reduced their price target on shares of Energy Transfer from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $22.64.

Energy Transfer Stock Performance

NYSE ET opened at $18.14 on Tuesday. Energy Transfer LP has a 52-week low of $14.60 and a 52-week high of $21.45. The company has a 50-day simple moving average of $17.38 and a 200 day simple moving average of $18.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. The company has a market capitalization of $62.25 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 0.64 and a beta of 0.78.

Energy Transfer (NYSE:ET - Get Free Report) last posted its earnings results on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm had revenue of $21.02 billion during the quarter, compared to the consensus estimate of $22.28 billion. Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. The company's revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. On average, research analysts predict that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 9th were paid a dividend of $0.3275 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.31 annualized dividend and a yield of 7.22%. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. Energy Transfer's payout ratio is currently 99.24%.

Energy Transfer Company Profile

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.

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