Whittier Trust Co. of Nevada Inc. Acquires New Holdings in Energy Transfer LP (NYSE:ET)

Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Energy Transfer LP (NYSE:ET - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 353,240 shares of the pipeline company's stock, valued at approximately $6,920,000.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in Energy Transfer during the fourth quarter valued at about $29,000. United Community Bank bought a new position in shares of Energy Transfer during the 4th quarter valued at about $35,000. Financial Life Planners acquired a new position in shares of Energy Transfer in the 4th quarter worth approximately $37,000. Tortoise Investment Management LLC raised its holdings in shares of Energy Transfer by 111.1% in the 4th 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. Finally, Citizens National Bank Trust Department acquired a new stake in Energy Transfer during the fourth quarter valued at approximately $39,000. 38.22% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Stock Up 1.4 %

Shares of NYSE ET traded up $0.26 during mid-day trading on Monday, reaching $18.86. The company had a trading volume of 12,846,403 shares, compared to its average volume of 14,513,591. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. The company has a market capitalization of $64.71 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.64 and a beta of 1.72. The stock has a fifty day moving average of $19.57 and a two-hundred day moving average of $18.29. Energy Transfer LP has a 12-month low of $14.90 and a 12-month high of $21.45.

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Energy Transfer (NYSE:ET - Get Free Report) last released its earnings results 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%. As a group, equities research analysts expect 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 given a dividend of $0.325 per share. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a yield of 6.89%. Energy Transfer's dividend payout ratio (DPR) is presently 101.56%.

Analyst Upgrades and Downgrades

ET has been the topic of several research reports. Stifel Nicolaus upped their price target on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Wells Fargo & Company boosted their target price on Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. The Goldman Sachs Group increased their price target on Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Barclays boosted their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Finally, Royal Bank of Canada raised their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $21.55.

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.