Two Sigma Securities LLC Sells 51,339 Shares of Energy Transfer LP (NYSE:ET)

Two Sigma Securities LLC trimmed its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 80.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,291 shares of the pipeline company's stock after selling 51,339 shares during the quarter. Two Sigma Securities LLC's holdings in Energy Transfer were worth $241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Stonegate Investment Group LLC increased its stake in Energy Transfer by 1.4% in the 4th quarter. Stonegate Investment Group LLC now owns 34,320 shares of the pipeline company's stock valued at $672,000 after buying an additional 482 shares during the last quarter. Private Client Services LLC grew its position in shares of Energy Transfer by 3.1% during the 4th quarter. Private Client Services LLC now owns 16,915 shares of the pipeline company's stock valued at $331,000 after acquiring an additional 511 shares during the period. Wealthspire Advisors LLC grew its position in shares of Energy Transfer by 0.4% during the 4th quarter. Wealthspire Advisors LLC now owns 130,202 shares of the pipeline company's stock valued at $2,551,000 after acquiring an additional 535 shares during the period. Cannell & Spears LLC boosted its holdings in Energy Transfer by 0.4% in the 4th quarter. Cannell & Spears LLC now owns 135,647 shares of the pipeline company's stock worth $2,657,000 after buying an additional 546 shares during the period. Finally, Daymark Wealth Partners LLC boosted its holdings in Energy Transfer by 0.3% in the 4th quarter. Daymark Wealth Partners LLC now owns 160,678 shares of the pipeline company's stock worth $3,148,000 after buying an additional 547 shares during the period. 38.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ET has been the topic of several research analyst reports. Stifel Nicolaus upped their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Morgan Stanley upped their target price on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Barclays upped their target price on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Citigroup restated a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. Finally, UBS Group restated a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $22.09.

Energy Transfer Price Performance

ET opened at $17.04 on Wednesday. The stock has a 50-day moving average price of $17.84 and a 200-day moving average price of $18.50. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $21.45. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $58.47 billion, a P/E ratio of 13.31, a PEG ratio of 0.64 and a beta of 1.32.

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

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Friday, May 9th will be issued a dividend of $0.3275 per share. The ex-dividend date is Friday, May 9th. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 annualized dividend and a yield of 7.69%. Energy Transfer's dividend payout ratio is currently 102.34%.

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.

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