O Brien Greene & Co. Inc Acquires Shares of 16,268 Energy Transfer LP (NYSE:ET)

O Brien Greene & Co. Inc bought a new stake in shares of Energy Transfer LP (NYSE:ET - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,268 shares of the pipeline company's stock, valued at approximately $319,000.

Other hedge funds have also bought and sold shares of the company. Princeton Global Asset Management LLC raised its position in shares of Energy Transfer by 65.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company's stock valued at $26,000 after purchasing an additional 650 shares during the period. Assetmark Inc. increased its stake in Energy Transfer by 2,138.5% in the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock worth $28,000 after buying an additional 1,668 shares in the last quarter. GAMMA Investing LLC bought a new stake in Energy Transfer during the fourth quarter valued at about $29,000. Financial Life Planners purchased a new position in shares of Energy Transfer in the fourth quarter valued at about $37,000. Finally, Citizens National Bank Trust Department bought a new position in shares of Energy Transfer in the fourth quarter worth about $39,000. Institutional investors own 38.22% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wells Fargo & Company boosted their price target on Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Royal Bank of Canada boosted their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Barclays lifted their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, January 13th. The Goldman Sachs Group boosted their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Finally, Stifel Nicolaus raised their price objective on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Energy Transfer currently has an average rating of "Moderate Buy" and an average price target of $21.18.

Energy Transfer Trading Down 2.7 %

NYSE ET traded down $0.55 during trading hours on Friday, hitting $19.40. 13,929,832 shares of the company were exchanged, compared to its average volume of 16,715,971. Energy Transfer LP has a 52 week low of $14.52 and a 52 week high of $21.45. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The stock has a 50-day moving average price of $19.86 and a 200 day moving average price of $17.87. The stock has a market cap of $66.55 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 0.64 and a beta of 1.69.

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%. Analysts forecast that Energy Transfer LP will post 1.46 earnings per share 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 6.70%. The ex-dividend date of this dividend 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%.

About Energy Transfer

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.