Bokf Na Purchases 50,000 Shares of Energy Transfer LP (NYSE:ET)

Bokf Na grew its position in Energy Transfer LP (NYSE:ET - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 839,738 shares of the pipeline company's stock after acquiring an additional 50,000 shares during the quarter. Bokf Na's holdings in Energy Transfer were worth $16,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Watts Gwilliam & Co. LLC bought a new stake in Energy Transfer in the fourth quarter worth $1,297,000. Forvis Mazars Wealth Advisors LLC increased its holdings in shares of Energy Transfer by 164.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 60,566 shares of the pipeline company's stock worth $1,186,000 after buying an additional 37,633 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its position in shares of Energy Transfer by 4.0% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 7,586,598 shares of the pipeline company's stock valued at $148,621,000 after buying an additional 293,088 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Energy Transfer by 44.2% in the 4th quarter. Wedbush Securities Inc. now owns 135,281 shares of the pipeline company's stock valued at $2,650,000 after acquiring an additional 41,438 shares during the last quarter. Finally, Paragon Capital Management Ltd grew its position in Energy Transfer by 435.5% in the fourth quarter. Paragon Capital Management Ltd now owns 68,724 shares of the pipeline company's stock worth $1,346,000 after acquiring an additional 55,890 shares in the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ET has been the topic of a number of recent research reports. Citigroup restated a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. Morgan Stanley increased their price target on Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 target price on shares of Energy Transfer in a research note on Tuesday, March 25th. Finally, Barclays lifted their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Energy Transfer currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.09.

Energy Transfer Trading Down 2.9 %

Shares of ET opened at $16.19 on Tuesday. The firm has a market capitalization of $55.55 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.64 and a beta of 0.77. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. Energy Transfer LP has a 1-year low of $14.60 and a 1-year high of $21.45. The company has a 50-day moving average of $17.63 and a 200 day moving average of $18.51.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. On average, research analysts expect 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 issued a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 8.09%. 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. Energy Transfer's dividend payout ratio is currently 102.34%.

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.

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