17,125 Shares in Energy Transfer LP (NYSE:ET) Bought by CapWealth Advisors LLC

CapWealth Advisors LLC bought a new position in Energy Transfer LP (NYSE:ET - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 17,125 shares of the pipeline company's stock, valued at approximately $335,000.

Other hedge funds have also bought and sold shares of the company. Princeton Global Asset Management LLC raised its stake in shares of Energy Transfer by 65.0% in the third quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company's stock worth $26,000 after purchasing an additional 650 shares during the last quarter. Assetmark Inc. grew its holdings in Energy Transfer by 2,138.5% during the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock worth $28,000 after buying an additional 1,668 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Energy Transfer in the 4th quarter valued at $29,000. Financial Life Planners bought a new position in Energy Transfer during the 4th quarter valued at $37,000. Finally, Continuum Advisory LLC boosted its holdings in Energy Transfer by 44.8% during the 3rd quarter. Continuum Advisory LLC now owns 2,357 shares of the pipeline company's stock worth $40,000 after acquiring an additional 729 shares during the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

Energy Transfer Stock Performance

ET traded up $0.30 on Tuesday, hitting $20.29. The company's stock had a trading volume of 13,521,025 shares, compared to its average volume of 16,985,334. Energy Transfer LP has a 12 month low of $14.52 and a 12 month high of $21.45. The firm has a market cap of $69.48 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 0.52 and a beta of 1.69. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 1.40. The company's 50 day simple moving average is $19.80 and its 200-day simple moving average is $17.81.

Energy Transfer (NYSE:ET - Get Free Report) last posted 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 return on equity of 12.38% and a net margin of 5.90%. Analysts forecast that Energy Transfer LP will post 1.37 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's payout ratio is presently 101.56%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ET. Barclays raised their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Stifel Nicolaus lifted their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Royal Bank of Canada upped their target price on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Wells Fargo & Company increased their price target on Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group boosted their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Energy Transfer presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.18.

Energy Transfer Company 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.