Autumn Glory Partners LLC lessened its holdings in Energy Transfer LP (NYSE:ET - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,838 shares of the pipeline company's stock after selling 20,493 shares during the quarter. Energy Transfer comprises approximately 1.1% of Autumn Glory Partners LLC's investment portfolio, making the stock its 25th largest holding. Autumn Glory Partners LLC's holdings in Energy Transfer were worth $2,171,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the business. FMR LLC lifted its stake in shares of Energy Transfer by 44.0% in the 3rd quarter. FMR LLC now owns 33,379,297 shares of the pipeline company's stock valued at $535,738,000 after purchasing an additional 10,195,768 shares during the period. Chickasaw Capital Management LLC raised its position in shares of Energy Transfer by 2.5% in the fourth quarter. Chickasaw Capital Management LLC now owns 15,738,594 shares of the pipeline company's stock worth $308,319,000 after acquiring an additional 388,073 shares during the period. Brookfield Corp ON increased its stake in shares of Energy Transfer by 2.8% in the 3rd quarter. Brookfield Corp ON now owns 13,139,924 shares of the pipeline company's stock valued at $210,896,000 after purchasing an additional 352,625 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Energy Transfer by 36.7% in the third quarter. BNP Paribas Financial Markets now owns 11,563,478 shares of the pipeline company's stock valued at $185,594,000 after buying an additional 3,106,631 shares in the last quarter. Finally, Citigroup Inc. grew its stake in Energy Transfer by 45.9% in the 3rd quarter. Citigroup Inc. now owns 9,581,762 shares of the pipeline company's stock valued at $153,787,000 after acquiring an additional 3,013,973 shares during the period. 38.22% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. The Goldman Sachs Group raised their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Barclays boosted their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Stifel Nicolaus raised their target price on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada increased their price objective on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.18.
Get Our Latest Stock Report on ET
Energy Transfer Trading Up 1.5 %
Shares of ET stock traded up $0.30 on Tuesday, hitting $20.29. 13,507,186 shares of the stock traded hands, compared to its average volume of 16,944,424. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08. Energy Transfer LP has a twelve month low of $14.52 and a twelve month high of $21.45. The firm's 50-day moving average price is $19.80 and its two-hundred day moving average price is $17.81. The stock has a market capitalization of $69.48 billion, a PE ratio of 14.92, a PEG ratio of 0.52 and a beta of 1.69.
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 for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. As a group, analysts anticipate that Energy Transfer LP will post 1.37 EPS for the current year.
Energy Transfer Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.325 per share. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 7th. This represents a $1.30 annualized dividend and a yield of 6.41%. Energy Transfer's dividend payout ratio (DPR) is 101.56%.
About Energy Transfer
(
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.
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