Cohen & Steers Inc. Has $59.95 Million Stock Holdings in Energy Transfer LP (NYSE:ET)

Cohen & Steers Inc. grew its position in Energy Transfer LP (NYSE:ET - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,060,340 shares of the pipeline company's stock after acquiring an additional 81,369 shares during the period. Cohen & Steers Inc. owned about 0.09% of Energy Transfer worth $59,952,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new stake in Energy Transfer during the 4th quarter valued at $25,000. GAMMA Investing LLC bought a new position in shares of Energy Transfer in the fourth quarter valued at about $29,000. United Community Bank acquired a new stake in shares of Energy Transfer during the 4th quarter worth about $35,000. Financial Life Planners bought a new stake in shares of Energy Transfer during the 4th quarter worth about $37,000. Finally, Tortoise Investment Management LLC grew its stake in Energy Transfer by 111.1% in the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company's stock valued at $37,000 after buying an additional 1,000 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ET shares. Citigroup restated a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. Wells Fargo & Company lifted their price target on Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Morgan Stanley upped their price objective on Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Stifel Nicolaus lifted their target price on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group upped 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. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.09.

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Energy Transfer Price Performance

Energy Transfer stock traded up $0.28 during trading hours on Tuesday, reaching $17.10. 10,174,573 shares of the stock were exchanged, compared to its average volume of 15,251,359. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. Energy Transfer LP has a twelve month low of $14.60 and a twelve month high of $21.45. The company has a market cap of $58.69 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32. The stock has a 50 day moving average of $18.47 and a two-hundred day moving average of $18.44.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings results 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 return on equity of 11.56% and a net margin of 5.74%. Equities analysts expect that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders 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 was Friday, February 7th. This represents a $1.30 annualized dividend and a dividend yield of 7.60%. Energy Transfer's dividend payout ratio (DPR) is presently 101.56%.

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.