Susquehanna Fundamental Investments LLC Invests $21.31 Million in Energy Transfer LP (NYSE:ET)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Energy Transfer LP (NYSE:ET - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,087,977 shares of the pipeline company's stock, valued at approximately $21,313,000.

Other institutional investors also recently made changes to their positions in the company. Stonegate Investment Group LLC raised its position in Energy Transfer by 1.4% in the fourth quarter. Stonegate Investment Group LLC now owns 34,320 shares of the pipeline company's stock valued at $672,000 after purchasing an additional 482 shares during the period. Private Client Services LLC grew its stake in shares of Energy Transfer by 3.1% in the fourth quarter. Private Client Services LLC now owns 16,915 shares of the pipeline company's stock valued at $331,000 after buying an additional 511 shares in the last quarter. Wealthspire Advisors LLC raised its holdings 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 buying 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 acquiring an additional 546 shares during the period. Finally, Daymark Wealth Partners LLC grew its position in Energy Transfer by 0.3% in the fourth quarter. Daymark Wealth Partners LLC now owns 160,678 shares of the pipeline company's stock valued at $3,148,000 after acquiring an additional 547 shares in the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ET. Citigroup restated a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. Morgan Stanley lifted their target price on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. UBS Group reissued a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. Stifel Nicolaus upped their target price on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $23.00 price target on shares of Energy Transfer in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $22.09.

Energy Transfer Stock Performance

Shares of NYSE:ET traded down $0.52 on Wednesday, reaching $16.52. 9,699,327 shares of the company's stock were exchanged, compared to its average volume of 15,254,914. The firm has a market capitalization of $56.68 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.64 and a beta of 1.32. The business's 50-day moving average is $17.84 and its two-hundred day moving average is $18.50. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42.

Energy Transfer (NYSE:ET - Get Free Report) last posted 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 net margin of 5.74% and a return on equity of 11.56%. 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 announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th will be given a $0.3275 dividend. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.31 annualized dividend and a yield of 7.93%. Energy Transfer's dividend payout ratio is 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.