Energy Transfer LP (NYSE:ET) Shares Bought by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lifted its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,994,274 shares of the pipeline company's stock after buying an additional 45,862 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.15% of Energy Transfer worth $97,838,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Energy Transfer in the fourth quarter valued at approximately $25,000. GAMMA Investing LLC acquired a new stake in Energy Transfer during the 4th quarter worth $29,000. United Community Bank purchased a new position in Energy Transfer during the 4th quarter worth $35,000. Financial Life Planners acquired a new position in Energy Transfer in the fourth quarter valued at $37,000. Finally, Tortoise Investment Management LLC raised its holdings in shares of Energy Transfer by 111.1% in the fourth 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 owned by hedge funds and other institutional investors.

Energy Transfer Stock Performance

ET stock traded down $0.20 during midday trading on Monday, reaching $18.51. The company had a trading volume of 6,001,083 shares, compared to its average volume of 14,556,854. 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 stock has a 50 day moving average price of $19.46 and a 200 day moving average price of $18.39. The firm has a market capitalization of $63.50 billion, a PE ratio of 14.44, a P/E/G 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.

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Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings data 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 11.56% and a net margin of 5.74%. Analysts anticipate that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio is currently 101.56%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ET shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 price objective on shares of Energy Transfer in a research report on Tuesday, March 25th. Morgan Stanley upped their target price on Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. The Goldman Sachs Group boosted their price target on Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Stifel Nicolaus upped their price target 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. Finally, Citigroup reaffirmed a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.09.

Energy Transfer 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.