23,000 Shares in Energy Transfer LP (NYSE:ET) Bought by Rossby Financial LCC

Rossby Financial LCC purchased a new stake in Energy Transfer LP (NYSE:ET - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,000 shares of the pipeline company's stock, valued at approximately $451,000.

Other hedge funds have also recently made changes to their positions in the company. LaSalle St. Investment Advisors LLC grew its holdings in shares of Energy Transfer by 8.4% during the fourth quarter. LaSalle St. Investment Advisors LLC now owns 40,650 shares of the pipeline company's stock worth $796,000 after purchasing an additional 3,160 shares in the last quarter. CreativeOne Wealth LLC grew its stake in Energy Transfer by 12.3% in the 4th quarter. CreativeOne Wealth LLC now owns 48,399 shares of the pipeline company's stock worth $948,000 after buying an additional 5,312 shares in the last quarter. Cohen & Steers Inc. grew its stake in Energy Transfer by 2.7% in the 4th quarter. Cohen & Steers Inc. now owns 3,060,340 shares of the pipeline company's stock worth $59,952,000 after buying an additional 81,369 shares in the last quarter. Advisors Capital Management LLC increased its holdings in shares of Energy Transfer by 1.3% in the 4th quarter. Advisors Capital Management LLC now owns 499,921 shares of the pipeline company's stock worth $9,793,000 after buying an additional 6,191 shares during the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Energy Transfer during the 4th quarter valued at $381,000. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Energy Transfer Trading Up 1.9 %

NYSE:ET traded up $0.32 during mid-day trading on Friday, reaching $17.24. 11,249,104 shares of the company's stock traded hands, 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 company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The company has a 50 day moving average price of $18.29 and a 200-day moving average price of $18.43. The firm has a market capitalization of $59.14 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.64 and a beta of 1.32.

Energy Transfer (NYSE:ET - Get Free Report) last announced 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 net margin of 5.74% and a return on equity of 11.56%. On average, sell-side analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a dividend of $0.325 per share. The ex-dividend date was Friday, February 7th. This represents a $1.30 annualized dividend and a dividend yield of 7.54%. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's payout ratio is currently 101.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Morgan Stanley raised their price target on Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Barclays raised their price objective on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, January 13th. UBS Group restated a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 price target on shares of Energy Transfer in a research note on Tuesday, March 25th. Finally, The Goldman Sachs Group upped their price objective 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. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Energy Transfer presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.09.

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.