NBC Securities Inc. Increases Stock Holdings in Energy Transfer LP (NYSE:ET)

NBC Securities Inc. raised its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 98,840.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,364 shares of the pipeline company's stock after acquiring an additional 59,304 shares during the period. NBC Securities Inc.'s holdings in Energy Transfer were worth $1,103,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. United Advisor Group LLC increased its position in shares of Energy Transfer by 3.0% during the fourth quarter. United Advisor Group LLC now owns 18,540 shares of the pipeline company's stock valued at $363,000 after acquiring an additional 534 shares during the last quarter. Wealthspire Advisors LLC increased its position in shares of Energy Transfer by 0.4% during the fourth quarter. Wealthspire Advisors LLC now owns 130,202 shares of the pipeline company's stock valued at $2,551,000 after acquiring an additional 535 shares during the last quarter. Cannell & Spears LLC raised its holdings in shares of Energy Transfer by 0.4% in the 4th quarter. Cannell & Spears LLC now owns 135,647 shares of the pipeline company's stock valued at $2,657,000 after buying an additional 546 shares during the period. Platform Technology Partners lifted its stake in Energy Transfer by 0.8% during the 4th quarter. Platform Technology Partners now owns 67,299 shares of the pipeline company's stock worth $1,318,000 after acquiring an additional 553 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in Energy Transfer by 18.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 3,649 shares of the pipeline company's stock worth $71,000 after acquiring an additional 556 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ET has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on shares of Energy Transfer from $25.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Stifel Nicolaus raised their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Mizuho upped their price objective on Energy Transfer from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Finally, Citigroup reiterated a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.64.

Energy Transfer Stock Up 0.7%

Shares of ET stock traded up $0.12 during trading hours on Thursday, reaching $17.65. 12,216,697 shares of the stock were exchanged, compared to its average volume of 15,508,176. The business's fifty day moving average is $17.23 and its two-hundred day moving average is $18.62. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $21.45. The firm has a market capitalization of $60.56 billion, a P/E ratio of 13.79, a P/E/G ratio of 0.64 and a beta of 0.77.

Energy Transfer (NYSE:ET - Get Free Report) last released its earnings results on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. The firm had revenue of $21.02 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the prior year, the firm earned $0.32 earnings per share. The business's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, research analysts expect that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th were paid a $0.3275 dividend. This is a positive change from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend was Friday, May 9th. Energy Transfer's dividend payout ratio is currently 99.24%.

Energy Transfer 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.