Energy Transfer LP (NYSE:ET) Shares Sold by Jump Financial LLC

Jump Financial LLC lessened its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 65.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,196 shares of the pipeline company's stock after selling 140,661 shares during the period. Jump Financial LLC's holdings in Energy Transfer were worth $1,473,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Stonegate Investment Group LLC lifted its position in shares of Energy Transfer by 1.4% in the 4th quarter. Stonegate Investment Group LLC now owns 34,320 shares of the pipeline company's stock worth $672,000 after purchasing an additional 482 shares during the period. Private Client Services LLC boosted its position in Energy Transfer by 3.1% during the 4th quarter. Private Client Services LLC now owns 16,915 shares of the pipeline company's stock valued at $331,000 after acquiring an additional 511 shares in the last quarter. Wealthspire Advisors LLC increased its holdings in shares of Energy Transfer by 0.4% in the 4th quarter. Wealthspire Advisors LLC now owns 130,202 shares of the pipeline company's stock valued at $2,551,000 after acquiring an additional 535 shares during the period. Cannell & Spears LLC raised its position in shares of Energy Transfer by 0.4% in the 4th quarter. Cannell & Spears LLC now owns 135,647 shares of the pipeline company's stock worth $2,657,000 after acquiring an additional 546 shares in the last quarter. Finally, Daymark Wealth Partners LLC lifted its stake in shares of Energy Transfer by 0.3% during the 4th quarter. Daymark Wealth Partners LLC now owns 160,678 shares of the pipeline company's stock worth $3,148,000 after purchasing an additional 547 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

Energy Transfer Stock Performance

NYSE ET traded down $0.70 during mid-day trading on Monday, reaching $16.57. 14,284,812 shares of the stock were exchanged, compared to its average volume of 15,206,201. Energy Transfer LP has a 1 year low of $14.60 and a 1 year high of $21.45. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. The business's 50 day moving average is $18.24 and its 200-day moving average is $18.47. The company has a market capitalization of $56.86 billion, a P/E ratio of 12.95, a P/E/G ratio of 0.64 and a beta of 1.32.

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 (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%. On average, equities research analysts forecast that Energy Transfer LP will post 1.46 EPS 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 dividend of $0.325 per share. The ex-dividend date was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.85%. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's payout ratio is currently 101.56%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ET shares. Barclays lifted their target price on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. UBS Group reissued a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Morgan Stanley upped their price target on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Royal Bank of Canada restated an "outperform" rating and set a $23.00 target price on shares of Energy Transfer in a research note on Tuesday, March 25th. Finally, Stifel Nicolaus boosted their price target on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.09.

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.