Cetera Investment Advisers Purchases 69,643 Shares of Energy Transfer LP (NYSE:ET)

Cetera Investment Advisers grew its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,396,837 shares of the pipeline company's stock after buying an additional 69,643 shares during the period. Cetera Investment Advisers' holdings in Energy Transfer were worth $27,364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC boosted its holdings in Energy Transfer by 15.7% in the 4th quarter. FMR LLC now owns 38,634,018 shares of the pipeline company's stock valued at $756,840,000 after purchasing an additional 5,254,721 shares during the period. Kayne Anderson Capital Advisors LP boosted its stake 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 valued at $469,920,000 after buying an additional 1,723,683 shares during the period. Natixis grew its position in Energy Transfer by 7.1% during the fourth quarter. Natixis now owns 14,619,124 shares of the pipeline company's stock worth $286,389,000 after buying an additional 962,800 shares in the last quarter. BROOKFIELD Corp ON increased its stake in Energy Transfer by 4.6% during the 4th quarter. BROOKFIELD Corp ON now owns 13,750,386 shares of the pipeline company's stock worth $269,370,000 after acquiring an additional 610,462 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Energy Transfer by 12,090.8% during the 4th quarter. Bank of Montreal Can now owns 12,455,613 shares of the pipeline company's stock valued at $244,005,000 after acquiring an additional 12,353,441 shares during the period. Institutional investors and hedge funds own 38.22% of the company's stock.

Energy Transfer Stock Up 6.7 %

Shares of NYSE ET opened at $16.88 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The stock has a market capitalization of $57.90 billion, a PE ratio of 13.18, a P/E/G ratio of 0.64 and a beta of 0.77. Energy Transfer LP has a one year low of $14.60 and a one year high of $21.45. The business's fifty day moving average price is $17.52 and its 200-day moving average price is $18.48.

Energy Transfer (NYSE:ET - Get Free Report) last issued its earnings results on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. The firm had revenue of $21.02 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the business earned $0.32 earnings per share. The company's quarterly revenue was down 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th will be issued a $0.3275 dividend. This is a positive change from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 dividend on an annualized basis and a dividend yield of 7.76%. The ex-dividend date of this dividend is Friday, May 9th. Energy Transfer's dividend payout ratio (DPR) is presently 102.34%.

Analysts Set New Price Targets

ET has been the topic of several recent analyst reports. Citigroup reissued a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. Barclays boosted their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Stifel Nicolaus raised their target price on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Royal Bank of Canada restated an "outperform" rating and set a $23.00 price objective on shares of Energy Transfer in a research report on Tuesday, March 25th. Finally, UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Energy Transfer presently has an average rating of "Moderate Buy" and an average price target of $22.09.

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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