New Republic Capital LLC Has $2.51 Million Holdings in Energy Transfer LP $ET

New Republic Capital LLC grew its position in shares of Energy Transfer LP (NYSE:ET) by 25.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,973 shares of the pipeline company’s stock after buying an additional 30,000 shares during the quarter. Energy Transfer makes up about 0.8% of New Republic Capital LLC’s investment portfolio, making the stock its 24th biggest position. New Republic Capital LLC’s holdings in Energy Transfer were worth $2,505,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ET. Ryan Investment Management Inc. bought a new stake in Energy Transfer during the 2nd quarter worth approximately $31,000. CNB Bank increased its stake in shares of Energy Transfer by 111.1% in the second quarter. CNB Bank now owns 1,900 shares of the pipeline company’s stock valued at $34,000 after buying an additional 1,000 shares in the last quarter. HHM Wealth Advisors LLC increased its stake in shares of Energy Transfer by 54.4% in the second quarter. HHM Wealth Advisors LLC now owns 2,270 shares of the pipeline company’s stock valued at $41,000 after buying an additional 800 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in shares of Energy Transfer in the second quarter valued at about $44,000. Finally, FSC Wealth Advisors LLC acquired a new position in Energy Transfer during the 2nd quarter worth about $50,000. Institutional investors own 38.22% of the company’s stock.

Analyst Upgrades and Downgrades

ET has been the subject of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Energy Transfer in a research report on Wednesday, December 24th. JPMorgan Chase & Co. 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 research note on Monday, November 24th. Barclays reissued an “overweight” rating and issued a $22.00 price target (down previously from $25.00) on shares of Energy Transfer in a report on Monday. Scotiabank decreased their price objective on Energy Transfer from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 13th. Finally, Royal Bank Of Canada raised Energy Transfer to a “moderate buy” rating in a research note on Monday, December 15th. Thirteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

Energy Transfer Stock Performance

Shares of NYSE:ET opened at $17.15 on Tuesday. The firm’s 50 day simple moving average is $16.59 and its 200 day simple moving average is $17.08. The company has a market capitalization of $58.87 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 0.89 and a beta of 0.66. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.41 and a quick ratio of 1.14.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Wednesday, November 5th. The pipeline company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Energy Transfer had a net margin of 5.66% and a return on equity of 10.71%. The firm had revenue of $19.95 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the prior year, the company earned $0.32 EPS. Energy Transfer’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Friday, November 7th were issued a dividend of $0.3325 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, November 7th. This represents a $1.33 annualized dividend and a yield of 7.8%. Energy Transfer’s dividend payout ratio is 106.40%.

Insiders Place Their Bets

In related news, Director Kelcy L. Warren purchased 1,000,000 shares of Energy Transfer stock in a transaction dated Wednesday, November 19th. The stock was bought at an average price of $16.95 per share, for a total transaction of $16,950,000.00. Following the completion of the acquisition, the director directly owned 104,577,803 shares of the company’s stock, valued at $1,772,593,760.85. This represents a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.28% of the company’s stock.

Energy Transfer Company Profile

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.