Private Advisor Group LLC Grows Stock Holdings in Energy Transfer LP (NYSE:ET)

Private Advisor Group LLC lifted its holdings in Energy Transfer LP (NYSE:ET - Free Report) by 5.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 646,104 shares of the pipeline company's stock after purchasing an additional 34,947 shares during the quarter. Private Advisor Group LLC's holdings in Energy Transfer were worth $12,657,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. FMR LLC lifted its holdings in shares of Energy Transfer by 44.0% in the third quarter. FMR LLC now owns 33,379,297 shares of the pipeline company's stock valued at $535,738,000 after purchasing an additional 10,195,768 shares in the last quarter. Chickasaw Capital Management LLC raised its position in Energy Transfer by 2.5% in 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 buying an additional 388,073 shares during the last quarter. Brookfield Corp ON raised its position 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 buying an additional 352,625 shares during the last quarter. BNP Paribas Financial Markets lifted 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 valued at $185,594,000 after acquiring an additional 3,106,631 shares in the last quarter. Finally, Citigroup Inc. boosted its position in 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 acquiring an additional 3,013,973 shares during the last quarter. 38.22% of the stock is owned by institutional investors.

Energy Transfer Stock Down 2.7 %

ET stock traded down $0.55 during trading on Friday, reaching $19.40. The stock had a trading volume of 15,630,769 shares, compared to its average volume of 16,812,701. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $66.55 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 0.64 and a beta of 1.69. The company's 50 day moving average is $19.86 and its two-hundred day moving average is $17.87. Energy Transfer LP has a one year low of $14.52 and a one year high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. Equities research analysts forecast that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were given a dividend of $0.325 per share. The ex-dividend date was Friday, February 7th. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a dividend yield of 6.70%. Energy Transfer's dividend payout ratio is currently 101.56%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Barclays increased their price objective 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. Royal Bank of Canada upped their price objective on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Finally, Stifel Nicolaus increased their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.18.

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.