GHP Investment Advisors Inc. Has $57,000 Position in Energy Transfer LP (NYSE:ET)

GHP Investment Advisors Inc. reduced its stake in Energy Transfer LP (NYSE:ET) by 27.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,075 shares of the pipeline company’s stock after selling 1,147 shares during the period. GHP Investment Advisors Inc.’s holdings in Energy Transfer were worth $57,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. FMR LLC boosted its stake in shares of Energy Transfer by 15.7% in the 4th quarter. FMR LLC now owns 38,634,018 shares of the pipeline company’s stock valued at $756,840,000 after purchasing an additional 5,254,721 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in shares of Energy Transfer by 7.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company’s stock valued at $469,920,000 after purchasing an additional 1,723,683 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Energy Transfer by 5.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,776,221 shares of the pipeline company’s stock valued at $387,416,000 after purchasing an additional 1,093,381 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Energy Transfer by 18.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 16,331,220 shares of the pipeline company’s stock valued at $319,929,000 after purchasing an additional 2,512,060 shares in the last quarter. Finally, Natixis boosted its stake in shares of Energy Transfer by 7.1% in the 4th quarter. Natixis now owns 14,619,124 shares of the pipeline company’s stock valued at $286,389,000 after purchasing an additional 962,800 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ET shares. Citigroup restated a “buy” rating on shares of Energy Transfer in a research note on Monday, March 24th. Wells Fargo & Company reduced their price target on shares of Energy Transfer from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 7th. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Mizuho lifted their target price on shares of Energy Transfer from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $23.00 target price on shares of Energy Transfer in a research report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Energy Transfer presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.64.

Energy Transfer Stock Down 0.1%

Shares of NYSE ET opened at $17.67 on Thursday. The company has a market capitalization of $60.64 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 0.57 and a beta of 0.78. Energy Transfer LP has a 52-week low of $14.60 and a 52-week high of $21.45. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.92 and a current ratio of 1.12. The company’s 50 day moving average price is $17.54 and its 200-day moving average price is $18.51.

Energy Transfer (NYSE:ET) last issued its quarterly earnings results on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $21.02 billion for the quarter, compared to the consensus estimate of $22.28 billion. Energy Transfer had a net margin of 5.88% and a return on equity of 11.47%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 EPS. Equities analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were given a $0.3275 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 7.41%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s payout ratio is 99.24%.

Insider Transactions at Energy Transfer

In other news, Director James Richard Perry sold 1,369 shares of Energy Transfer stock in a transaction on Friday, June 13th. The shares were sold at an average price of $18.48, for a total value of $25,299.12. Following the completion of the sale, the director now owns 24,523 shares in the company, valued at $453,185.04. The trade was a 5.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.28% of the company’s stock.

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.