Banco BTG Pactual S.A. bought a new stake in Energy Transfer LP (NYSE:ET - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 34,000 shares of the pipeline company's stock, valued at approximately $670,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Energy Transfer during the 4th quarter valued at about $25,000. GAMMA Investing LLC purchased a new position in Energy Transfer in the 4th quarter valued at about $29,000. United Community Bank purchased a new position in Energy Transfer in the 4th quarter valued at about $35,000. Financial Life Planners purchased a new stake in shares of Energy Transfer during the fourth quarter worth about $37,000. Finally, Tortoise Investment Management LLC increased its position in shares of Energy Transfer by 111.1% during the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company's stock worth $37,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.
Energy Transfer Stock Performance
ET traded down $0.17 during trading hours on Friday, hitting $18.72. The company's stock had a trading volume of 10,718,461 shares, compared to its average volume of 14,589,445. The company has a 50-day simple moving average of $19.46 and a 200 day simple moving average of $18.37. 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 firm has a market capitalization of $64.22 billion, a PE ratio of 14.62, a PEG ratio of 0.64 and a beta of 1.72. Energy Transfer LP has a fifty-two week low of $14.90 and a fifty-two week high of $21.45.
Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 EPS 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%. As a group, sell-side analysts expect that Energy Transfer LP will post 1.46 EPS for the current year.
Energy Transfer Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.95%. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer's payout ratio is 101.56%.
Analysts Set New Price Targets
ET has been the subject of a number of recent analyst reports. UBS Group restated a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Stifel Nicolaus lifted 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. The Goldman Sachs Group increased their price objective 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. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 target price on shares of Energy Transfer in a research report on Tuesday. Finally, Morgan Stanley upped their target price on shares of Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.09.
Read Our Latest Analysis on Energy Transfer
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.
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