Energy Transfer LP (NYSE:ET) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its position in Energy Transfer LP (NYSE:ET - Free Report) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,118,880 shares of the pipeline company's stock after acquiring an additional 392,492 shares during the quarter. LPL Financial LLC owned 0.15% of Energy Transfer worth $100,279,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ET. FMR LLC lifted its position in shares of Energy Transfer by 44.0% during the third quarter. FMR LLC now owns 33,379,297 shares of the pipeline company's stock worth $535,738,000 after purchasing an additional 10,195,768 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Energy Transfer by 36.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,563,478 shares of the pipeline company's stock worth $185,594,000 after buying an additional 3,106,631 shares during the period. Kayne Anderson Capital Advisors LP boosted its position in 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 valued at $469,920,000 after buying an additional 1,723,683 shares during the period. Strategic Financial Concepts LLC boosted its position in Energy Transfer by 1,572.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 750,340 shares of the pipeline company's stock valued at $14,699,000 after buying an additional 705,475 shares during the period. Finally, Mercuria Capital Strategies LLC purchased a new position in shares of Energy Transfer during the fourth quarter worth approximately $12,734,000. 38.22% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Energy Transfer Stock Down 0.9 %

NYSE ET traded down $0.17 during trading on Friday, hitting $18.72. The company's stock had a trading volume of 10,718,461 shares, compared to its average volume of 14,589,445. Energy Transfer LP has a fifty-two week low of $14.90 and a fifty-two 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 company has a market cap of $64.22 billion, a PE ratio of 14.62, a P/E/G ratio of 0.64 and a beta of 1.72. The business's 50 day simple moving average is $19.46 and its 200-day simple moving average is $18.37.

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 net margin of 5.74% and a return on equity of 11.56%. On average, equities analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared 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. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a yield of 6.95%. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer's dividend payout ratio (DPR) is currently 101.56%.

Analyst Upgrades and Downgrades

ET has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Morgan Stanley increased 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. Barclays lifted their price objective on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, January 13th. The Goldman Sachs Group raised their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $23.00 price target on shares of Energy Transfer in a report on Tuesday. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Energy Transfer has an average 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.