Shepherd Kaplan Krochuk LLC Sells 15,076 Shares of Energy Transfer LP (NYSE:ET)

Shepherd Kaplan Krochuk LLC cut its holdings in Energy Transfer LP (NYSE:ET - Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,627 shares of the pipeline company's stock after selling 15,076 shares during the quarter. Energy Transfer makes up approximately 3.9% of Shepherd Kaplan Krochuk LLC's 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 SEC filing.

Several other large investors have also modified their holdings of the business. Mountain Hill Investment Partners Corp. acquired a new position in shares of Energy Transfer in the 4th quarter valued at $25,000. United Community Bank acquired a new position in shares of Energy Transfer in the 4th quarter valued at $35,000. Financial Life Planners acquired a new position in shares of Energy Transfer in the 4th quarter valued at $37,000. Tortoise Investment Management LLC boosted its holdings in shares of Energy Transfer by 111.1% in the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company's stock valued at $37,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Citizens National Bank Trust Department acquired a new position in shares of Energy Transfer in the 4th quarter valued at $39,000. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Price Performance

Shares of NYSE ET traded down $0.01 during trading on Friday, hitting $17.96. The company had a trading volume of 7,626,893 shares, compared to its average volume of 15,550,936. The company has a market cap of $61.63 billion, a P/E ratio of 14.03, a PEG ratio of 0.64 and a beta of 0.77. Energy Transfer LP has a 52 week low of $14.60 and a 52 week high of $21.45. The business's 50-day moving average is $17.48 and its 200 day moving average is $18.56. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12.

Energy Transfer (NYSE:ET - Get Free Report) last announced its earnings results on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. The company had revenue of $21.02 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the previous year, the business earned $0.32 EPS. The company's revenue was down 2.8% on a year-over-year basis. Equities research analysts predict that Energy Transfer LP will post 1.46 earnings per share 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 paid a dividend of $0.3275 per share. 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 7.29%. The ex-dividend date of this dividend is Friday, May 9th. Energy Transfer's payout ratio is 99.24%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Energy Transfer from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Stifel Nicolaus raised their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. UBS Group reissued a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 target price on shares of Energy Transfer in a research note on Tuesday, March 25th. Finally, Morgan Stanley raised their target price on shares of Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.09.

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.