Kavar Capital Partners Group LLC Has $967,000 Holdings in Energy Transfer LP $ET

Kavar Capital Partners Group LLC grew its position in shares of Energy Transfer LP (NYSE:ET) by 196.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,111 shares of the pipeline company’s stock after purchasing an additional 33,211 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Energy Transfer were worth $967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Stanley increased its position in shares of Energy Transfer by 41.6% during the fourth quarter. Morgan Stanley now owns 86,310,272 shares of the pipeline company’s stock worth $1,423,256,000 after buying an additional 25,366,594 shares during the period. Alps Advisors Inc. lifted its holdings in Energy Transfer by 8.0% in the fourth quarter. Alps Advisors Inc. now owns 83,843,087 shares of the pipeline company’s stock valued at $1,382,573,000 after buying an additional 6,192,066 shares during the period. Invesco Ltd. boosted its position in Energy Transfer by 3.2% during the third quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock valued at $992,923,000 after acquiring an additional 1,773,042 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in Energy Transfer by 0.3% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 38,675,828 shares of the pipeline company’s stock valued at $637,764,000 after acquiring an additional 103,245 shares during the last quarter. Finally, Energy Income Partners LLC grew its holdings in Energy Transfer by 1.4% during the 3rd quarter. Energy Income Partners LLC now owns 23,351,183 shares of the pipeline company’s stock worth $400,706,000 after acquiring an additional 326,653 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Trading Up 0.1%

ET opened at $18.77 on Friday. Energy Transfer LP has a 1-year low of $16.18 and a 1-year high of $20.70. The company has a current ratio of 1.17, a quick ratio of 0.93 and a debt-to-equity ratio of 1.50. The company has a market cap of $64.60 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.09 and a beta of 0.55. The company has a fifty day moving average price of $19.42 and a two-hundred day moving average price of $18.42.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $25.78 billion. Energy Transfer had a return on equity of 9.77% and a net margin of 4.66%.Energy Transfer’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period last year, the company earned $0.36 EPS. Analysts predict that Energy Transfer LP will post 1.43 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were paid a dividend of $0.3375 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.35 dividend on an annualized basis and a yield of 7.2%. Energy Transfer’s dividend payout ratio (DPR) is currently 112.50%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ET shares. Weiss Ratings reissued a “buy (b)” rating on shares of Energy Transfer in a research report on Friday, June 5th. JPMorgan Chase & Co. upped their target price on Energy Transfer from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. TD Cowen reaffirmed a “buy” rating and set a $23.00 target price (up from $22.00) on shares of Energy Transfer in a research note on Wednesday, May 13th. Barclays reiterated an “overweight” rating and issued a $23.00 target price (up from $22.00) on shares of Energy Transfer in a report on Thursday, May 14th. Finally, Stifel Nicolaus increased their price target on Energy Transfer from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $23.45.

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.