15,601 Shares in Energy Transfer LP (NYSE:ET) Acquired by Disciplined Investors L.L.C.

Disciplined Investors L.L.C. purchased a new position in Energy Transfer LP (NYSE:ET - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,601 shares of the pipeline company's stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP increased its holdings in shares of Energy Transfer by 7.7% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company's stock worth $469,920,000 after purchasing an additional 1,723,683 shares during the last quarter. Hartree Partners LP bought a new stake in Energy Transfer in the 4th quarter worth approximately $16,083,000. Strategic Financial Concepts LLC raised its holdings in shares of Energy Transfer by 1,572.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 750,340 shares of the pipeline company's stock worth $14,699,000 after acquiring an additional 705,475 shares in the last quarter. Mercuria Capital Strategies LLC bought a new position in shares of Energy Transfer during the 4th quarter valued at approximately $12,734,000. Finally, Bowen Hanes & Co. Inc. purchased a new position in shares of Energy Transfer in the fourth quarter valued at $10,774,000. 38.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on ET shares. UBS Group reissued a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Morgan Stanley boosted their price objective on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. The Goldman Sachs Group raised their price objective on Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 target price on shares of Energy Transfer in a research report on Tuesday, March 25th. Finally, Citigroup restated a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.09.

Energy Transfer Trading Down 9.1 %

Shares of NYSE ET traded down $1.61 during mid-day trading on Friday, reaching $16.12. The company had a trading volume of 50,869,573 shares, compared to its average volume of 14,843,097. The stock has a market cap of $55.30 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32. Energy Transfer LP has a 52 week low of $14.90 and a 52 week high of $21.45. The business's 50-day moving average is $19.18 and its 200-day moving average is $18.44. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42.

Energy Transfer (NYSE:ET - Get Free Report) last issued its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 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 expect that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 8.07%. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer's dividend payout ratio is currently 101.56%.

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.