41,948 Shares in Energy Transfer LP (NYSE:ET) Bought by MSH Capital Advisors LLC

MSH Capital Advisors LLC acquired a new stake in Energy Transfer LP (NYSE:ET - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 41,948 shares of the pipeline company's stock, valued at approximately $822,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ET. MML Investors Services LLC lifted its stake in shares of Energy Transfer by 2.4% in the 3rd quarter. MML Investors Services LLC now owns 109,984 shares of the pipeline company's stock worth $1,765,000 after acquiring an additional 2,620 shares during the period. Geode Capital Management LLC lifted its position in Energy Transfer by 4.2% in the third quarter. Geode Capital Management LLC now owns 126,331 shares of the pipeline company's stock valued at $2,028,000 after purchasing an additional 5,127 shares during the period. World Investment Advisors LLC boosted its holdings in Energy Transfer by 4.6% in the 3rd quarter. World Investment Advisors LLC now owns 78,806 shares of the pipeline company's stock valued at $1,265,000 after purchasing an additional 3,485 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in Energy Transfer by 1,265.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 231,398 shares of the pipeline company's stock worth $3,714,000 after purchasing an additional 214,446 shares during the period. Finally, Tidal Investments LLC raised its stake in shares of Energy Transfer by 1.2% during the 3rd quarter. Tidal Investments LLC now owns 101,738 shares of the pipeline company's stock worth $1,633,000 after buying an additional 1,248 shares in the last quarter. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Energy Transfer Price Performance

Shares of NYSE ET traded up $0.32 during trading on Friday, reaching $17.24. The company had a trading volume of 11,249,104 shares, compared to its average volume of 15,209,870. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $59.14 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32. Energy Transfer LP has a twelve month low of $14.60 and a twelve month high of $21.45. The stock has a 50-day moving average price of $18.24 and a two-hundred day moving average price of $18.46.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly 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, sell-side analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were given a $0.325 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.54%. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's payout ratio is currently 101.56%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ET. Citigroup restated a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. UBS Group reiterated a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 price objective on shares of Energy Transfer in a report on Tuesday, March 25th. Morgan Stanley increased their target price on shares of Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a report 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 investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.09.

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.