Christopher J. Hasenberg Inc Acquires New Position in Energy Transfer LP (NYSE:ET)

Christopher J. Hasenberg Inc purchased a new stake in Energy Transfer LP (NYSE:ET) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 21,841 shares of the pipeline company’s stock, valued at approximately $301,000. Energy Transfer comprises about 0.2% of Christopher J. Hasenberg Inc’s portfolio, making the stock its 19th largest position.

Other large investors also recently made changes to their positions in the company. Brookstone Capital Management lifted its position in Energy Transfer by 64.6% during the third quarter. Brookstone Capital Management now owns 144,500 shares of the pipeline company’s stock valued at $2,027,000 after buying an additional 56,703 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Energy Transfer by 3.7% during the third quarter. Commonwealth Equity Services LLC now owns 1,131,591 shares of the pipeline company’s stock worth $15,876,000 after purchasing an additional 40,050 shares in the last quarter. Busey Trust CO boosted its position in shares of Energy Transfer by 32.8% in the third quarter. Busey Trust CO now owns 16,177 shares of the pipeline company’s stock worth $227,000 after buying an additional 4,000 shares during the period. Cumberland Advisors Inc. grew its stake in Energy Transfer by 12.6% during the 3rd quarter. Cumberland Advisors Inc. now owns 13,209 shares of the pipeline company’s stock valued at $185,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Sweet Financial Partners LLC increased its holdings in Energy Transfer by 15.7% during the 3rd quarter. Sweet Financial Partners LLC now owns 57,968 shares of the pipeline company’s stock worth $813,000 after purchasing an additional 7,874 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Stock Performance

Shares of NYSE:ET traded up $0.03 on Monday, reaching $16.00. 8,098,588 shares of the company’s stock were exchanged, compared to its average volume of 12,232,500. The business’s 50-day moving average is $15.39 and its two-hundred day moving average is $14.35. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. Energy Transfer LP has a fifty-two week low of $12.18 and a fifty-two week high of $16.07. The firm has a market capitalization of $53.89 billion, a price-to-earnings ratio of 14.67 and a beta of 1.64.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.08. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The firm had revenue of $20.53 billion for the quarter, compared to analyst estimates of $21.46 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. Energy Transfer’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities research analysts forecast that Energy Transfer LP will post 1.57 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be paid a dividend of $0.317 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 dividend on an annualized basis and a yield of 7.93%. The ex-dividend date of this dividend is Friday, May 10th. Energy Transfer’s dividend payout ratio is presently 115.60%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Mizuho reissued a “buy” rating and set a $19.00 price target (up previously from $18.00) on shares of Energy Transfer in a research report on Thursday, April 18th. UBS Group decreased their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Finally, Citigroup upped their target price on shares of Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Energy Transfer presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

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.