Energy Transfer LP (NYSE:ET) is Shepherd Kaplan Krochuk LLC's 8th Largest Position

Shepherd Kaplan Krochuk LLC cut its stake in Energy Transfer LP (NYSE:ET - Free Report) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 237,627 shares of the pipeline company's stock after selling 15,076 shares during the quarter. Energy Transfer accounts for about 3.9% of Shepherd Kaplan Krochuk LLC's investment portfolio, making the stock its 8th largest holding. Shepherd Kaplan Krochuk LLC's holdings in Energy Transfer were worth $4,655,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ET. SeaCrest Wealth Management LLC boosted its position in shares of Energy Transfer by 27.0% in the fourth quarter. SeaCrest Wealth Management LLC now owns 33,621 shares of the pipeline company's stock worth $659,000 after purchasing an additional 7,147 shares during the period. Park Avenue Securities LLC bought a new position in shares of Energy Transfer during the 4th quarter valued at approximately $237,000. Burney Co. increased its stake in Energy Transfer by 3.1% during the fourth quarter. Burney Co. now owns 67,618 shares of the pipeline company's stock worth $1,325,000 after acquiring an additional 2,058 shares during the last quarter. Connective Portfolio Management LLC purchased a new position in shares of Energy Transfer during the 4th quarter worth about $1,175,000. Finally, Paragon Capital Management Ltd grew its stake in shares of Energy Transfer by 435.5% during the fourth quarter. Paragon Capital Management Ltd now owns 68,724 shares of the pipeline company's stock valued at $1,346,000 after buying an additional 55,890 shares during the last quarter. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ET shares. Morgan Stanley lifted their price objective on shares of Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Mizuho increased their target price on shares of Energy Transfer from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday. Wells Fargo & Company dropped their price target on Energy Transfer from $22.00 to $21.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price target on Energy Transfer from $25.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 price target on shares of Energy Transfer in a report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $22.64.

Energy Transfer Price Performance

NYSE ET traded up $0.13 during trading hours on Tuesday, hitting $18.13. 6,852,098 shares of the company's stock traded hands, compared to its average volume of 17,139,225. The company has a market capitalization of $62.19 billion, a PE ratio of 14.16, a PEG ratio of 0.64 and a beta of 0.77. 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 52-week low of $14.60 and a 52-week high of $21.45. The firm's 50-day moving average is $17.47 and its 200-day moving average is $18.59.

Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. The firm had revenue of $21.02 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter last year, the business posted $0.32 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. Equities analysts forecast 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 Tuesday, May 20th. Shareholders of record on Friday, May 9th will be given a $0.3275 dividend. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 annualized dividend and a yield of 7.23%. The ex-dividend date of this dividend is Friday, May 9th. 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.