15,192 Shares in Energy Transfer LP (NYSE:ET) Acquired by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. bought a new position in Energy Transfer LP (NYSE:ET - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,192 shares of the pipeline company's stock, valued at approximately $298,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ET. FMR LLC lifted its holdings 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 buying an additional 10,195,768 shares during the last quarter. Chickasaw Capital Management LLC raised its stake in Energy Transfer by 2.5% during the 4th quarter. Chickasaw Capital Management LLC now owns 15,738,594 shares of the pipeline company's stock valued at $308,319,000 after purchasing an additional 388,073 shares during the last quarter. Brookfield Corp ON boosted its holdings in Energy Transfer by 2.8% in the 3rd quarter. Brookfield Corp ON now owns 13,139,924 shares of the pipeline company's stock valued at $210,896,000 after purchasing an additional 352,625 shares during the period. BNP Paribas Financial Markets grew its position 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 purchasing an additional 3,106,631 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Energy Transfer by 45.9% during the 3rd quarter. Citigroup Inc. now owns 9,581,762 shares of the pipeline company's stock worth $153,787,000 after purchasing an additional 3,013,973 shares during the period. Institutional investors and hedge funds own 38.22% of the company's stock.

Energy Transfer Price Performance

Shares of ET traded up $0.03 during trading hours on Monday, hitting $20.28. The stock had a trading volume of 14,533,663 shares, compared to its average volume of 11,469,590. The stock has a market capitalization of $69.45 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 0.57 and a beta of 1.70. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88. The company's fifty day moving average is $19.02 and its two-hundred day moving average is $17.20. Energy Transfer LP has a 52 week low of $13.60 and a 52 week high of $20.40.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The firm had revenue of $20.77 billion for the quarter, compared to analysts' expectations of $21.59 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. The company's quarterly revenue was up .2% compared to the same quarter last year. On average, analysts anticipate that Energy Transfer LP will post 1.34 EPS for the current year.

Energy Transfer Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were given a $0.3225 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.29 annualized dividend and a yield of 6.36%. Energy Transfer's payout ratio is 94.85%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ET shares. Bank of America initiated coverage on shares of Energy Transfer in a research note on Thursday, October 17th. They issued a "buy" rating and a $20.00 target price for the company. Royal Bank of Canada raised their price objective on Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. The Goldman Sachs Group boosted their price objective on Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Wells Fargo & Company raised their target price on Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Finally, Barclays lifted their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Energy Transfer currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.82.

Energy Transfer Company 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.