Blair William & Co. IL raised its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 515,292 shares of the pipeline company's stock after purchasing an additional 39,816 shares during the period. Blair William & Co. IL's holdings in Energy Transfer were worth $10,095,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Watts Gwilliam & Co. LLC acquired a new stake in shares of Energy Transfer in the fourth quarter worth about $1,297,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in shares of Energy Transfer by 4.0% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 7,586,598 shares of the pipeline company's stock valued at $148,621,000 after acquiring an additional 293,088 shares in the last quarter. Forvis Mazars Wealth Advisors LLC boosted its position in Energy Transfer by 164.1% during the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 60,566 shares of the pipeline company's stock worth $1,186,000 after purchasing an additional 37,633 shares during the period. Paragon Capital Management Ltd grew its holdings in Energy Transfer by 435.5% during the fourth quarter. Paragon Capital Management Ltd now owns 68,724 shares of the pipeline company's stock valued at $1,346,000 after purchasing an additional 55,890 shares during the last quarter. Finally, FFG Partners LLC raised its position in shares of Energy Transfer by 0.9% in the fourth quarter. FFG Partners LLC now owns 1,650,574 shares of the pipeline company's stock valued at $32,335,000 after purchasing an additional 13,948 shares during the period. Institutional investors own 38.22% of the company's stock.
Energy Transfer Stock Performance
ET traded up $0.10 during trading on Wednesday, reaching $18.83. 2,557,905 shares of the company's stock were exchanged, compared to its average volume of 14,530,340. Energy Transfer LP has a fifty-two week low of $14.90 and a fifty-two week high of $21.45. The company has a market capitalization of $64.59 billion, a P/E ratio of 14.70, a PEG ratio of 0.64 and a beta of 1.72. 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 business has a 50 day moving average price of $19.38 and a 200 day moving average price of $18.43.
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 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, analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.
Energy Transfer Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a $0.325 dividend. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 annualized dividend and a yield of 6.91%. Energy Transfer's payout ratio is currently 101.56%.
Analyst Ratings Changes
A number of research analysts recently issued reports on ET shares. Morgan Stanley raised 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, March 25th. UBS Group reiterated a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Barclays increased their target price on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. The Goldman Sachs Group lifted their price target on Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price objective on shares of Energy Transfer in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.09.
View Our Latest Stock Report on Energy Transfer
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.
See Also
Before you consider Energy Transfer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Energy Transfer wasn't on the list.
While Energy Transfer currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
