Rockefeller Capital Management L.P. boosted its stake in Energy Transfer LP (NYSE:ET - Free Report) by 5.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,702,380 shares of the pipeline company's stock after buying an additional 204,779 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.11% of Energy Transfer worth $72,530,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. FMR LLC grew its stake in Energy Transfer by 15.7% in the 4th quarter. FMR LLC now owns 38,634,018 shares of the pipeline company's stock valued at $756,840,000 after purchasing an additional 5,254,721 shares during the period. Kayne Anderson Capital Advisors LP boosted its holdings in shares of Energy Transfer by 7.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company's stock worth $469,920,000 after buying an additional 1,723,683 shares during the last quarter. Chickasaw Capital Management LLC grew its position in Energy Transfer by 2.5% during the fourth quarter. Chickasaw Capital Management LLC now owns 15,738,594 shares of the pipeline company's stock valued at $308,319,000 after buying an additional 388,073 shares during the period. Bank of Montreal Can increased its holdings in Energy Transfer by 12,090.8% during the fourth quarter. Bank of Montreal Can now owns 12,455,613 shares of the pipeline company's stock worth $244,005,000 after buying an additional 12,353,441 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Energy Transfer by 10.0% in the fourth quarter. Wells Fargo & Company MN now owns 11,662,581 shares of the pipeline company's stock worth $228,470,000 after acquiring an additional 1,058,603 shares during the period. 38.22% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
ET has been the subject of several research analyst reports. Wells Fargo & Company raised their price target 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. Stifel Nicolaus raised their target price on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group upped 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. Citigroup reissued a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $23.00 target price on shares of Energy Transfer in a research report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Energy Transfer currently has an average rating of "Moderate Buy" and an average price target of $22.09.
View Our Latest Report on ET
Energy Transfer Price Performance
Shares of ET stock traded up $0.48 on Monday, reaching $16.81. The company's stock had a trading volume of 14,431,802 shares, compared to its average volume of 15,267,846. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $21.45. 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 company has a market capitalization of $57.68 billion, a P/E ratio of 13.13, a PEG ratio of 0.64 and a beta of 1.32. The stock's 50 day simple moving average is $18.47 and its 200-day simple moving average is $18.44.
Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 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 earnings per share for the current fiscal 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 paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.73%. 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 payout ratio is 101.56%.
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.
Featured Stories
Before you consider Energy Transfer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Energy Transfer wasn't on the list.
While Energy Transfer currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
