Mariner LLC Trims Holdings in Energy Transfer LP (NYSE:ET)

Mariner LLC reduced its holdings in shares of Energy Transfer LP (NYSE:ET - Free Report) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,609,501 shares of the pipeline company's stock after selling 59,150 shares during the period. Mariner LLC's holdings in Energy Transfer were worth $31,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ET. Mountain Hill Investment Partners Corp. purchased a new position in shares of Energy Transfer during the 4th quarter valued at about $25,000. GAMMA Investing LLC acquired a new stake in Energy Transfer during the fourth quarter valued at $29,000. United Community Bank acquired a new position in shares of Energy Transfer in the fourth quarter worth about $35,000. Financial Life Planners acquired a new stake in shares of Energy Transfer during the 4th quarter valued at about $37,000. Finally, Tortoise Investment Management LLC raised its holdings in Energy Transfer by 111.1% in the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company's stock worth $37,000 after purchasing an additional 1,000 shares during the period. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ET has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. UBS Group reiterated a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. Royal Bank of Canada reiterated an "outperform" rating and issued a $23.00 price objective on shares of Energy Transfer in a research report on Tuesday, March 25th. Citigroup restated a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. Finally, The Goldman Sachs Group increased their target price on Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. One equities 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, Energy Transfer currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.09.

Energy Transfer Stock Up 1.9 %

Shares of ET stock traded up $0.32 during trading hours on Friday, reaching $17.24. 11,249,104 shares of the stock were exchanged, compared to its average volume of 15,208,299. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $21.45. The business's fifty day moving average is $18.29 and its two-hundred day moving average is $18.43. 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 $59.14 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.64 and a beta of 1.32.

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

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were issued a dividend of $0.325 per share. This is a positive change 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 7.54%. Energy Transfer's dividend payout ratio (DPR) is presently 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.