Edmond DE Rothschild Holding S.A. Makes New Investment in Energy Transfer LP (NYSE:ET)

Edmond DE Rothschild Holding S.A. purchased a new stake in Energy Transfer LP (NYSE:ET - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 30,499 shares of the pipeline company's stock, valued at approximately $597,000.

Other hedge funds have also bought and sold shares of the company. Mountain Hill Investment Partners Corp. bought a new position in shares of Energy Transfer during the 4th quarter valued at approximately $25,000. GAMMA Investing LLC bought a new position in Energy Transfer during the fourth quarter valued at $29,000. United Community Bank purchased a new position in shares of Energy Transfer in the 4th quarter worth $35,000. Financial Life Planners bought a new stake in shares of Energy Transfer in the 4th quarter worth about $37,000. Finally, Tortoise Investment Management LLC lifted its holdings in shares of Energy Transfer by 111.1% in the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company's stock valued at $37,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

Energy Transfer Trading Down 6.5 %

Shares of Energy Transfer stock traded down $1.23 on Thursday, hitting $17.71. 30,126,878 shares of the company traded hands, compared to its average volume of 14,633,873. 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 company has a market cap of $60.75 billion, a PE ratio of 13.83, a PEG ratio of 0.64 and a beta of 1.72. The stock's 50 day moving average price is $19.34 and its 200-day moving average price is $18.43. Energy Transfer LP has a 52 week low of $14.90 and a 52 week high of $21.45.

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Energy Transfer (NYSE:ET - Get Free Report) last issued its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. Equities research analysts predict that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a $0.325 dividend. The ex-dividend date was Friday, February 7th. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a yield of 7.34%. Energy Transfer's dividend payout ratio is 101.56%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ET shares. The Goldman Sachs Group boosted their price objective on Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Barclays boosted their target price on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Morgan Stanley raised their price target on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. UBS Group reiterated a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $23.00 target price on shares of Energy Transfer in a report on Tuesday, March 25th. One investment 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 target price of $22.09.

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.