Hilton Capital Management LLC Takes $573,000 Position in Energy Transfer LP Unit (NYSE:ET)

Hilton Capital Management LLC acquired a new stake in Energy Transfer LP Unit (NYSE:ET) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 37,284 shares of the pipeline company’s stock, valued at approximately $573,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Focused Wealth Management Inc bought a new stake in shares of Energy Transfer LP Unit in the 1st quarter valued at $25,000. Global Retirement Partners LLC bought a new stake in shares of Energy Transfer LP Unit in the 1st quarter valued at $32,000. Global Wealth Management Investment Advisory Inc. bought a new stake in shares of Energy Transfer LP Unit in the 1st quarter valued at $34,000. Shamrock Asset Management LLC bought a new position in Energy Transfer LP Unit during the 1st quarter worth about $36,000. Finally, Parallel Advisors LLC bought a new position in Energy Transfer LP Unit during the 1st quarter worth about $44,000. Institutional investors and hedge funds own 57.11% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut Energy Transfer LP Unit from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. ValuEngine cut Energy Transfer LP Unit from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Stifel Nicolaus reiterated a “buy” rating and set a $20.00 target price on shares of Energy Transfer LP Unit in a report on Thursday, February 21st. Citigroup increased their target price on Energy Transfer LP Unit from $16.00 to $19.50 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, TheStreet upgraded Energy Transfer LP Unit from a “c+” rating to a “b” rating in a report on Thursday, February 21st. One analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $19.25.

ET stock traded down $0.16 during trading hours on Friday, reaching $14.17. 2,655,156 shares of the stock were exchanged, compared to its average volume of 11,932,505. The stock has a market cap of $37.16 billion, a PE ratio of 12.32 and a beta of 1.65. The company has a current ratio of 1.06, a quick ratio of 0.81 and a debt-to-equity ratio of 1.52. Energy Transfer LP Unit has a 12 month low of $11.68 and a 12 month high of $19.19.

Energy Transfer LP Unit (NYSE:ET) last announced its quarterly earnings data on Wednesday, May 8th. The pipeline company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The company had revenue of $13.12 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Energy Transfer LP Unit had a return on equity of 7.61% and a net margin of 4.03%. The company’s revenue was up 10.4% compared to the same quarter last year. On average, analysts forecast that Energy Transfer LP Unit will post 1.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Tuesday, May 7th were issued a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 8.61%. The ex-dividend date was Monday, May 6th. Energy Transfer LP Unit’s payout ratio is 106.09%.

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About Energy Transfer LP Unit

Energy Transfer LP provides energy-related services in the United States and China. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

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Institutional Ownership by Quarter for Energy Transfer LP Unit (NYSE:ET)

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