Energy Transfer LP (NYSE:ET) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,776,221 shares of the pipeline company's stock after acquiring an additional 1,093,381 shares during the quarter. Energy Transfer comprises approximately 0.8% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s investment portfolio, making the stock its 13th largest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.58% of Energy Transfer worth $387,416,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in Energy Transfer in the fourth quarter valued at approximately $29,000. Wealth Enhancement Advisory Services LLC boosted its position in Energy Transfer by 3.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 742,147 shares of the pipeline company's stock valued at $14,539,000 after buying an additional 23,324 shares during the last quarter. Winthrop Advisory Group LLC purchased a new stake in Energy Transfer in the fourth quarter valued at approximately $245,000. Brookstone Capital Management boosted its position in Energy Transfer by 4.4% in the fourth quarter. Brookstone Capital Management now owns 225,829 shares of the pipeline company's stock valued at $4,424,000 after buying an additional 9,471 shares during the last quarter. Finally, Eastern Bank boosted its position in Energy Transfer by 14.7% in the 4th quarter. Eastern Bank now owns 7,790 shares of the pipeline company's stock worth $153,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

Energy Transfer Stock Down 0.9%

Shares of NYSE:ET opened at $17.22 on Monday. The business has a 50-day moving average price of $17.46 and a 200 day moving average price of $18.53. 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 company has a market capitalization of $59.09 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.64 and a beta of 0.77. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $21.45.

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

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th will be paid a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 7.61%. The ex-dividend date of this dividend is Friday, May 9th. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. Energy Transfer's dividend payout ratio (DPR) is presently 99.24%.

Analysts Set New Price Targets

Several equities research analysts have commented on ET shares. Citigroup restated a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 price objective on shares of Energy Transfer in a research report on Tuesday, March 25th. Stifel Nicolaus upped their price objective on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Barclays upped their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Finally, Wells Fargo & Company lowered their price objective on Energy Transfer from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Energy Transfer currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.09.

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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