Deutsche Bank AG Has $32.42 Million Stock Position in Energy Transfer LP (NYSE:ET)

Deutsche Bank AG lowered its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,655,155 shares of the pipeline company's stock after selling 32,360 shares during the period. Deutsche Bank AG's holdings in Energy Transfer were worth $32,424,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Forvis Mazars Wealth Advisors LLC raised its position in Energy Transfer by 164.1% during the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 60,566 shares of the pipeline company's stock worth $1,186,000 after acquiring an additional 37,633 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake 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 worth $148,621,000 after purchasing an additional 293,088 shares during the last quarter. Wedbush Securities Inc. raised 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 purchasing an additional 41,438 shares during the period. Paragon Capital Management Ltd lifted its stake in Energy Transfer by 435.5% in the 4th quarter. Paragon Capital Management Ltd now owns 68,724 shares of the pipeline company's stock valued at $1,346,000 after purchasing an additional 55,890 shares during the last quarter. Finally, FFG Partners LLC lifted its stake in Energy Transfer by 0.9% in the 4th quarter. FFG Partners LLC now owns 1,650,574 shares of the pipeline company's stock valued at $32,335,000 after purchasing an additional 13,948 shares during the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

Energy Transfer Price Performance

Shares of Energy Transfer stock opened at $17.99 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $61.73 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 0.64 and a beta of 0.77. Energy Transfer LP has a twelve month low of $14.60 and a twelve month high of $21.45. The company has a 50-day simple moving average of $17.45 and a two-hundred day simple moving average of $18.53.

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

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th will be given a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 7.28%. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date is Friday, May 9th. Energy Transfer's dividend payout ratio is presently 99.24%.

Analyst Ratings Changes

A number of equities analysts have weighed in on ET shares. Stifel Nicolaus boosted their price target on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 price target on shares of Energy Transfer in a research note on Tuesday, March 25th. Wells Fargo & Company cut their price target on Energy Transfer from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Finally, Citigroup reissued a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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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