Symmetry Partners LLC Buys Shares of 15,432 Energy Transfer LP (NYSE:ET)

Symmetry Partners LLC acquired a new position in shares of Energy Transfer LP (NYSE:ET - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 15,432 shares of the pipeline company's stock, valued at approximately $302,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Energy Transfer during the fourth quarter worth $29,000. Assetmark Inc. lifted its position 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 purchasing an additional 1,668 shares in the last quarter. United Community Bank acquired a new position in shares of Energy Transfer during the fourth quarter worth $35,000. Financial Life Planners acquired a new position in shares of Energy Transfer during the fourth quarter worth $37,000. Finally, Tortoise Investment Management LLC lifted its position in shares of Energy Transfer by 111.1% during the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company's stock worth $37,000 after purchasing an additional 1,000 shares in the last quarter. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Energy Transfer Stock Performance

Shares of NYSE:ET traded down $0.21 on Friday, reaching $18.65. 15,128,886 shares of the company's stock were exchanged, compared to its average volume of 14,520,280. The firm has a market capitalization of $63.98 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.64 and a beta of 1.72. Energy Transfer LP has a fifty-two week low of $14.90 and a fifty-two week high of $21.45. The business's 50-day moving average is $19.57 and its two-hundred day moving average is $18.29. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42.

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Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings results 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 return on equity of 11.56% and a net margin of 5.74%. As a group, equities research analysts forecast that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.97%. The ex-dividend date was Friday, February 7th. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio (DPR) is 101.56%.

Analysts Set New Price Targets

ET has been the topic of several recent analyst reports. Stifel Nicolaus upped 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. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. Royal Bank of Canada upped their price target on shares of Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Citigroup upped their price target on shares of Energy Transfer from $20.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group upped their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. One 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.55.

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.