Susquehanna Fundamental Investments LLC Acquires Shares of 1,087,977 Energy Transfer LP (NYSE:ET)

Susquehanna Fundamental Investments LLC bought a new stake in Energy Transfer LP (NYSE:ET - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,087,977 shares of the pipeline company's stock, valued at approximately $21,313,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Watts Gwilliam & Co. LLC bought a new position in shares of Energy Transfer in the 4th quarter worth approximately $1,297,000. Forvis Mazars Wealth Advisors LLC boosted its stake in shares of Energy Transfer by 164.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 60,566 shares of the pipeline company's stock worth $1,186,000 after buying an additional 37,633 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in shares of Energy Transfer by 4.0% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 7,586,598 shares of the pipeline company's stock worth $148,621,000 after purchasing an additional 293,088 shares during the period. Wedbush Securities Inc. lifted its position in Energy Transfer by 44.2% during the fourth quarter. Wedbush Securities Inc. now owns 135,281 shares of the pipeline company's stock valued at $2,650,000 after purchasing an additional 41,438 shares in the last quarter. Finally, Paragon Capital Management Ltd raised its stake in Energy Transfer by 435.5% during the 4th quarter. Paragon Capital Management Ltd now owns 68,724 shares of the pipeline company's stock worth $1,346,000 after acquiring an additional 55,890 shares during the period. Hedge funds and other institutional investors own 38.22% of the company's stock.

Analysts Set New Price Targets

ET has been the subject of a number of recent research reports. Citigroup reissued a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. Barclays raised their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Stifel Nicolaus upped their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Morgan Stanley lifted their price objective on shares of Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $23.00 price target 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 stock. According to data from MarketBeat, Energy Transfer has a consensus rating of "Moderate Buy" and a consensus price target of $22.09.

Energy Transfer Stock Down 1.4 %

NYSE ET traded down $0.24 during trading hours on Tuesday, reaching $17.04. 10,672,011 shares of the company traded hands, compared to its average volume of 15,245,376. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $58.47 billion, a PE ratio of 13.31, a PEG ratio of 0.64 and a beta of 1.32. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $21.45. The company has a 50 day moving average of $17.90 and a two-hundred day moving average of $18.51.

Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. As a group, equities analysts expect 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 will be paid on Tuesday, May 20th. Investors of record on Friday, May 9th will be paid a $0.3275 dividend. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.31 annualized dividend and a dividend yield of 7.69%. Energy Transfer's payout ratio is presently 102.34%.

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.