one8zero8 LLC Invests $917,000 in Energy Transfer LP (NYSE:ET)

one8zero8 LLC bought a new position in Energy Transfer LP (NYSE:ET - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 46,834 shares of the pipeline company's stock, valued at approximately $917,000.

Several other hedge funds and other institutional investors have also modified their holdings of ET. GAMMA Investing LLC purchased a new stake in shares of Energy Transfer during the fourth quarter worth $29,000. Assetmark Inc. raised its holdings in shares of Energy Transfer by 2,138.5% during the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock worth $28,000 after acquiring an additional 1,668 shares in the last quarter. United Community Bank purchased a new stake in shares of Energy Transfer during the fourth quarter worth $35,000. Financial Life Planners purchased a new stake in shares of Energy Transfer during the fourth quarter worth $37,000. Finally, Tortoise Investment Management LLC raised its holdings in Energy Transfer by 111.1% during the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company's stock valued at $37,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank of Canada raised their target price on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Barclays raised their target price on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Stifel Nicolaus raised their target price on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Wells Fargo & Company lifted their price objective on Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group lifted their price objective 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 investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.55.

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Energy Transfer Price Performance

NYSE ET traded up $0.26 during trading on Wednesday, reaching $18.94. 6,817,567 shares of the company traded hands, compared to its average volume of 14,492,733. 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 stock's 50 day moving average price is $19.62 and its two-hundred day moving average price is $18.23. The company has a market cap of $64.97 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 0.64 and a beta of 1.72. Energy Transfer LP has a 1-year low of $14.90 and a 1-year high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share 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%. As a group, analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a $0.325 dividend. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a dividend yield of 6.87%. The ex-dividend date was Friday, February 7th. Energy Transfer's payout ratio is presently 101.56%.

About Energy Transfer

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.