Global Retirement Partners LLC Has $4.12 Million Stake in Energy Transfer LP (NYSE:ET)

Global Retirement Partners LLC lowered its holdings in shares of Energy Transfer LP (NYSE:ET - Free Report) by 11.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 210,098 shares of the pipeline company's stock after selling 27,040 shares during the period. Global Retirement Partners LLC's holdings in Energy Transfer were worth $4,116,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in shares of Energy Transfer during the fourth quarter worth approximately $29,000. Princeton Global Asset Management LLC lifted its holdings in shares of Energy Transfer by 65.0% during the third quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company's stock worth $26,000 after buying an additional 650 shares in the last quarter. Assetmark Inc. boosted its holdings in Energy Transfer by 2,138.5% in the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock valued at $28,000 after purchasing an additional 1,668 shares during the period. Financial Life Planners acquired a new position in shares of Energy Transfer during the 4th quarter worth approximately $37,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Energy Transfer during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 38.22% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ET shares. Stifel Nicolaus boosted their price target on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Royal Bank of Canada raised their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Wells Fargo & Company upped their price objective on Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. The Goldman Sachs Group lifted their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Finally, Barclays upped their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Energy Transfer has an average rating of "Moderate Buy" and a consensus price target of $21.18.

Energy Transfer Trading Down 2.8 %

Shares of ET traded down $0.57 during trading hours on Friday, hitting $19.38. 10,979,704 shares of the stock were exchanged, compared to its average volume of 16,660,303. The firm has a market capitalization of $66.48 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 0.64 and a beta of 1.69. 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 fifty-two week low of $14.52 and a fifty-two week high of $21.45. The business has a 50-day moving average of $19.86 and a 200-day moving average of $17.87.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share 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%. On average, research analysts expect that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were paid a $0.325 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 annualized dividend and a dividend yield of 6.71%. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's payout ratio is currently 101.56%.

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.