Energy Transfer LP (NYSE:ET) Shares Acquired by Private Wealth Partners LLC

Private Wealth Partners LLC increased its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 454.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,500 shares of the pipeline company's stock after purchasing an additional 54,500 shares during the quarter. Private Wealth Partners LLC's holdings in Energy Transfer were worth $1,303,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Energy Transfer in the fourth quarter worth $29,000. Princeton Global Asset Management LLC raised its holdings in shares of Energy Transfer by 65.0% in the third quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company's stock worth $26,000 after acquiring an additional 650 shares during the last quarter. Assetmark Inc. raised its holdings in shares of 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 last quarter. Financial Life Planners acquired a new position in shares of Energy Transfer in the fourth quarter worth $37,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Energy Transfer in the fourth quarter worth $41,000. 38.22% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Trading Down 2.6 %

ET stock traded down $0.53 during trading on Friday, reaching $19.42. 12,082,954 shares of the stock traded hands, compared to its average volume of 16,676,141. The business's 50 day moving average price is $19.86 and its 200-day moving average price is $17.87. Energy Transfer LP has a 52-week low of $14.52 and a 52-week 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 firm has a market capitalization of $66.62 billion, a PE ratio of 15.17, a P/E/G ratio of 0.64 and a beta of 1.69.

Energy Transfer (NYSE:ET - Get Free Report) last issued its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share 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%. As a group, sell-side analysts forecast 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. Stockholders of record on Friday, February 7th were given a $0.325 dividend. This is an increase 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 6.70%. Energy Transfer's dividend payout ratio is presently 101.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays lifted their price objective on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. The Goldman Sachs Group lifted their price objective 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 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. Wells Fargo & Company lifted their price objective on Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada lifted their price objective on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Energy Transfer currently has an average rating of "Moderate Buy" and a consensus price target of $21.18.

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.