Energy Transfer LP (NYSE:ET) Shares Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its position in Energy Transfer LP (NYSE:ET - Free Report) by 14.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,276,127 shares of the pipeline company's stock after purchasing an additional 157,669 shares during the period. Aptus Capital Advisors LLC's holdings in Energy Transfer were worth $24,999,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of Energy Transfer by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 126,331 shares of the pipeline company's stock valued at $2,028,000 after buying an additional 5,127 shares during the period. World Investment Advisors LLC lifted its holdings in Energy Transfer by 4.6% in the third quarter. World Investment Advisors LLC now owns 78,806 shares of the pipeline company's stock valued at $1,265,000 after acquiring an additional 3,485 shares during the period. Tidal Investments LLC boosted its position in shares of Energy Transfer by 1.2% during the 3rd quarter. Tidal Investments LLC now owns 101,738 shares of the pipeline company's stock worth $1,633,000 after purchasing an additional 1,248 shares in the last quarter. Synovus Financial Corp grew its stake in shares of Energy Transfer by 69.8% during the 3rd quarter. Synovus Financial Corp now owns 84,530 shares of the pipeline company's stock worth $1,357,000 after purchasing an additional 34,749 shares during the period. Finally, Peapack Gladstone Financial Corp increased its holdings in shares of Energy Transfer by 6.8% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 15,675 shares of the pipeline company's stock valued at $251,000 after purchasing an additional 1,000 shares in the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price target on shares of Energy Transfer in a report on Tuesday, March 25th. UBS Group reissued a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. Stifel Nicolaus boosted their price objective on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Citigroup reissued a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. Finally, Barclays raised their target price on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, January 13th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $22.09.

Energy Transfer Stock Performance

Shares of Energy Transfer stock opened at $16.62 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The business's fifty day simple moving average is $17.69 and its 200 day simple moving average is $18.49. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $21.45. The firm has a market capitalization of $57.03 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32.

Energy Transfer (NYSE:ET - Get Free Report) last released 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%. As a group, analysts anticipate 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 will be paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th will be given a $0.3275 dividend. The ex-dividend date of this dividend is Friday, May 9th. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 annualized dividend and a yield of 7.88%. Energy Transfer's dividend payout ratio (DPR) is presently 102.34%.

Energy Transfer Company 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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