Commonwealth Equity Services LLC boosted its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,633,396 shares of the pipeline company's stock after acquiring an additional 131,056 shares during the quarter. Commonwealth Equity Services LLC's holdings in Energy Transfer were worth $31,998,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. raised its position in Energy Transfer by 2,138.5% in the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock worth $28,000 after acquiring an additional 1,668 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Energy Transfer in the 4th quarter worth $29,000. United Community Bank bought a new position in Energy Transfer in the 4th quarter worth $35,000. Financial Life Planners purchased a new position in Energy Transfer during the fourth quarter valued at $37,000. Finally, Tortoise Investment Management LLC grew its holdings in Energy Transfer by 111.1% during the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company's stock valued at $37,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 38.22% of the company's stock.
Energy Transfer Price Performance
Shares of Energy Transfer stock traded up $0.26 during trading on Wednesday, reaching $18.94. 6,813,910 shares of the stock traded hands, compared to its average volume of 14,492,724. 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 company has a market capitalization of $64.97 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 0.64 and a beta of 1.72. Energy Transfer LP has a 52-week low of $14.90 and a 52-week high of $21.45. The business has a fifty day simple moving average of $19.62 and a two-hundred day simple moving average of $18.23.
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 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%. Sell-side analysts expect that Energy Transfer LP will post 1.46 EPS for the current year.
Energy Transfer Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 annualized dividend and a yield of 6.87%. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio (DPR) is 101.56%.
Analyst Ratings Changes
A number of research firms have recently weighed in on ET. Stifel Nicolaus lifted their price objective on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Royal Bank of Canada lifted their price target on shares of 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 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. Citigroup lifted their target price on shares of Energy Transfer from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Finally, Barclays increased their price target on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $21.55.
Get Our Latest Stock 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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