Sei Investments Co. Grows Stock Holdings in Energy Transfer LP (NYSE:ET)

Sei Investments Co. lifted its position in Energy Transfer LP (NYSE:ET - Free Report) by 131.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 244,213 shares of the pipeline company's stock after acquiring an additional 138,761 shares during the period. Sei Investments Co.'s holdings in Energy Transfer were worth $4,784,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ET. Thrivent Financial for Lutherans increased its stake in shares of Energy Transfer by 57.0% during the third quarter. Thrivent Financial for Lutherans now owns 21,671 shares of the pipeline company's stock valued at $348,000 after purchasing an additional 7,870 shares in the last quarter. Chevy Chase Trust Holdings LLC increased its position in Energy Transfer by 2.9% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 52,166 shares of the pipeline company's stock valued at $837,000 after buying an additional 1,486 shares in the last quarter. Hilltop Holdings Inc. raised its stake in Energy Transfer by 340.4% during the third quarter. Hilltop Holdings Inc. now owns 64,432 shares of the pipeline company's stock valued at $1,034,000 after buying an additional 49,802 shares during the last quarter. Harmony Asset Management LLC boosted its holdings in Energy Transfer by 10.9% in the third quarter. Harmony Asset Management LLC now owns 19,697 shares of the pipeline company's stock worth $316,000 after acquiring an additional 1,942 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in shares of Energy Transfer by 15.8% in the third quarter. Integrated Wealth Concepts LLC now owns 144,200 shares of the pipeline company's stock worth $2,314,000 after acquiring an additional 19,669 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently issued reports on ET. UBS Group reiterated a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. 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. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 price objective on shares of Energy Transfer in a report on Tuesday, March 25th. Wells Fargo & Company increased their target price on Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Finally, Barclays boosted their price target on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Energy Transfer has an average rating of "Moderate Buy" and a consensus target price of $22.09.

Energy Transfer Stock Performance

Shares of NYSE:ET traded down $1.23 during trading on Thursday, hitting $17.71. The company's stock had a trading volume of 30,086,796 shares, compared to its average volume of 14,633,678. The company has a 50-day moving average of $19.34 and a 200-day moving average of $18.43. 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 firm has a market cap of $60.75 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 0.64 and a beta of 1.72. Energy Transfer LP has a 12 month low of $14.90 and a 12 month high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. On average, sell-side analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were paid a $0.325 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 annualized dividend and a dividend yield of 7.34%. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio (DPR) is 101.56%.

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.