Private Wealth Partners LLC raised its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 454.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,500 shares of the pipeline company's stock after buying an additional 54,500 shares during the quarter. Private Wealth Partners LLC's holdings in Energy Transfer were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Energy Transfer by 173.1% in the third quarter. Blue Trust Inc. now owns 11,783 shares of the pipeline company's stock worth $191,000 after purchasing an additional 7,468 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Energy Transfer by 37.2% in the third quarter. Sequoia Financial Advisors LLC now owns 47,192 shares of the pipeline company's stock worth $757,000 after purchasing an additional 12,787 shares during the last quarter. Signaturefd LLC increased its position in Energy Transfer by 12.6% during the third quarter. Signaturefd LLC now owns 27,419 shares of the pipeline company's stock valued at $440,000 after acquiring an additional 3,075 shares during the last quarter. Eastern Bank bought a new position in Energy Transfer during the third quarter valued at $109,000. Finally, Leo Wealth LLC increased its position in Energy Transfer by 197.5% during the third quarter. Leo Wealth LLC now owns 37,575 shares of the pipeline company's stock valued at $603,000 after acquiring an additional 24,944 shares during the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.
Energy Transfer Stock Down 2.7 %
Shares of ET stock traded down $0.55 during mid-day trading on Friday, hitting $19.40. 15,630,769 shares of the stock traded hands, compared to its average volume of 16,852,734. Energy Transfer LP has a 52-week low of $14.52 and a 52-week high of $21.45. 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 cap of $66.55 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.64 and a beta of 1.69. The stock's fifty day moving average is $19.87 and its two-hundred day moving average is $17.91.
Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) 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%. Equities analysts predict that Energy Transfer LP will post 1.46 EPS for the current year.
Energy Transfer Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 6.70%. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio is 101.56%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on ET. Royal Bank of Canada boosted their price objective on shares of Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Stifel Nicolaus boosted their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Wells Fargo & Company boosted their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. The Goldman Sachs Group boosted their price objective on shares of Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Finally, Barclays boosted their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.50.
Read Our Latest Stock Analysis on ET
About Energy Transfer
(
Free Report)
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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