Advisory Services Network LLC Acquires 24,978 Shares of Energy Transfer LP (NYSE:ET)

Advisory Services Network LLC raised its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 314,352 shares of the pipeline company's stock after purchasing an additional 24,978 shares during the quarter. Advisory Services Network LLC's holdings in Energy Transfer were worth $6,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ET. Mountain Hill Investment Partners Corp. acquired a new position in Energy Transfer in the fourth quarter valued at about $25,000. GAMMA Investing LLC bought a new position in shares of Energy Transfer in the fourth quarter valued at approximately $29,000. United Community Bank acquired a new position in shares of Energy Transfer in the 4th quarter worth approximately $35,000. Financial Life Planners bought a new stake in Energy Transfer during the 4th quarter worth approximately $37,000. Finally, Tortoise Investment Management LLC increased its holdings in Energy Transfer by 111.1% during the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company's stock valued at $37,000 after purchasing an additional 1,000 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ET shares. Stifel Nicolaus increased their target price on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 price target on shares of Energy Transfer in a research note on Tuesday, March 25th. Morgan Stanley boosted their price objective on shares of Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Finally, Citigroup reiterated a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. One equities 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, the company has an average rating of "Moderate Buy" and an average price target of $22.09.

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Energy Transfer Trading Up 1.4 %

Shares of NYSE:ET traded up $0.22 during midday trading on Friday, hitting $16.13. The company had a trading volume of 18,371,905 shares, compared to its average volume of 15,271,122. The firm has a fifty day simple moving average of $18.55 and a 200 day simple moving average of $18.44. The stock has a market cap of $55.33 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.64 and a beta of 1.32. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $21.45.

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

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 8.06%. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio is presently 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.