CIBC Private Wealth Group LLC boosted its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 0.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,518,334 shares of the pipeline company's stock after acquiring an additional 20,096 shares during the period. CIBC Private Wealth Group LLC owned 0.39% of Energy Transfer worth $266,717,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. FMR LLC boosted its position in shares of Energy Transfer by 44.0% during the 3rd quarter. FMR LLC now owns 33,379,297 shares of the pipeline company's stock valued at $535,738,000 after acquiring an additional 10,195,768 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its stake in Energy Transfer by 7.7% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company's stock valued at $469,920,000 after purchasing an additional 1,723,683 shares in the last quarter. Hartree Partners LP bought a new position in Energy Transfer during the fourth quarter valued at $16,083,000. Strategic Financial Concepts LLC lifted its position in Energy Transfer by 1,572.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 750,340 shares of the pipeline company's stock valued at $14,699,000 after purchasing an additional 705,475 shares during the last quarter. Finally, Mercuria Capital Strategies LLC purchased a new position in shares of Energy Transfer in the 4th quarter worth $12,734,000. 38.22% of the stock is currently owned by institutional investors.
Energy Transfer Trading Up 0.9 %
Shares of NYSE:ET traded up $0.17 on Wednesday, hitting $18.90. 4,839,106 shares of the company's stock were exchanged, compared to its average volume of 14,538,963. The stock has a market capitalization of $64.85 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. Energy Transfer LP has a 12 month low of $14.90 and a 12 month high of $21.45. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The business's 50 day simple moving average is $19.38 and its two-hundred day simple moving average is $18.43.
Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings data 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 net margin of 5.74% and a return on equity of 11.56%. Analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current fiscal year.
Energy Transfer Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a $0.325 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.30 annualized dividend and a yield of 6.88%. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio is 101.56%.
Analyst Ratings Changes
ET has been the subject of a number of analyst reports. Morgan Stanley increased their price target on shares of Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. The Goldman Sachs Group raised their price objective on Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Citigroup reiterated a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. Barclays increased their price target on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Finally, Wells Fargo & Company lifted their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $22.09.
Read Our Latest Report on ET
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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