Disciplined Investors L.L.C. bought a new position in shares of 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. The firm bought 15,601 shares of the pipeline company's stock, valued at approximately $304,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ET. Thrivent Financial for Lutherans raised its position in shares of Energy Transfer by 57.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 21,671 shares of the pipeline company's stock valued at $348,000 after purchasing an additional 7,870 shares during the period. Chevy Chase Trust Holdings LLC increased its stake in Energy Transfer by 2.9% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 52,166 shares of the pipeline company's stock worth $837,000 after buying an additional 1,486 shares in the last quarter. Hilltop Holdings Inc. raised its holdings in Energy Transfer by 340.4% during the third quarter. Hilltop Holdings Inc. now owns 64,432 shares of the pipeline company's stock valued at $1,034,000 after acquiring an additional 49,802 shares during the period. Integrated Wealth Concepts LLC raised its holdings in Energy Transfer by 15.8% during the third quarter. Integrated Wealth Concepts LLC now owns 144,200 shares of the pipeline company's stock valued at $2,314,000 after acquiring an additional 19,669 shares during the period. Finally, Philosophy Capital Management LLC lifted its position in shares of Energy Transfer by 0.9% in the third quarter. Philosophy Capital Management LLC now owns 2,759,085 shares of the pipeline company's stock valued at $44,283,000 after acquiring an additional 24,768 shares in the last quarter. Institutional investors own 38.22% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on ET shares. UBS Group reiterated a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $23.00 price objective on shares of Energy Transfer in a research report on Tuesday, March 25th. Citigroup restated a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. Barclays raised their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Finally, Stifel Nicolaus boosted their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.09.
Check Out Our Latest Report on ET
Energy Transfer Price Performance
Shares of NYSE:ET traded down $1.23 on Thursday, reaching $17.71. The company's stock had a trading volume of 30,126,878 shares, compared to its average volume of 14,653,992. The company has a 50-day simple moving average of $19.28 and a 200 day simple moving average of $18.43. Energy Transfer LP has a 52-week low of $14.90 and a 52-week high of $21.45. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. The company has a market cap of $60.75 billion, a P/E ratio of 13.83, a PEG ratio of 0.64 and a beta of 1.72.
Energy Transfer (NYSE:ET - Get Free Report) last released its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. As a group, equities research analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current fiscal year.
Energy Transfer Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 7.34%. The ex-dividend date was Friday, February 7th. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio (DPR) is 101.56%.
Energy Transfer Profile
(
Free Report)
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.
Featured Articles
Before you consider Energy Transfer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Energy Transfer wasn't on the list.
While Energy Transfer currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
