Energy Transfer LP (NYSE:ET) Holdings Increased by Natixis

Natixis raised its holdings in shares of Energy Transfer LP (NYSE:ET - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,619,124 shares of the pipeline company's stock after purchasing an additional 962,800 shares during the period. Energy Transfer makes up about 1.7% of Natixis' investment portfolio, making the stock its 9th largest holding. Natixis owned 0.43% of Energy Transfer worth $286,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mountain Hill Investment Partners Corp. purchased a new position in Energy Transfer in the 4th quarter worth about $25,000. GAMMA Investing LLC bought a new position in Energy Transfer during the fourth quarter valued at approximately $29,000. United Community Bank purchased a new stake in Energy Transfer in the fourth quarter worth approximately $35,000. Financial Life Planners bought a new stake in Energy Transfer in the 4th quarter worth approximately $37,000. Finally, Tortoise Investment Management LLC raised its stake in Energy Transfer by 111.1% during 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. Institutional investors own 38.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays lifted their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Morgan Stanley upped their price target on shares of Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. UBS Group restated a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $23.00 price target on shares of Energy Transfer in a research note on Tuesday, March 25th. Finally, Citigroup reiterated a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.09.

Energy Transfer Price Performance

Shares of NYSE:ET traded up $0.32 during trading on Friday, hitting $17.24. 11,249,104 shares of the company's stock were exchanged, compared to its average volume of 15,209,870. The business's 50-day simple moving average is $18.24 and its 200 day simple moving average is $18.47. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. Energy Transfer LP has a 52-week low of $14.60 and a 52-week high of $21.45. The company has a market cap of $59.14 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.64 and a beta of 1.32.

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%. As a group, equities analysts predict that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 7.54%. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer's payout ratio is 101.56%.

About Energy Transfer

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.