FFG Partners LLC grew its stake in Energy Transfer LP (NYSE:ET - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,650,574 shares of the pipeline company's stock after purchasing an additional 13,948 shares during the period. Energy Transfer comprises about 11.3% of FFG Partners LLC's investment portfolio, making the stock its 2nd biggest position. FFG Partners LLC's holdings in Energy Transfer were worth $32,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in ET. FMR LLC raised its stake in shares of Energy Transfer by 44.0% in the 3rd quarter. FMR LLC now owns 33,379,297 shares of the pipeline company's stock valued at $535,738,000 after buying an additional 10,195,768 shares in the last quarter. International Assets Investment Management LLC increased its stake in Energy Transfer by 1,491.0% in the third quarter. International Assets Investment Management LLC now owns 4,175,731 shares of the pipeline company's stock valued at $67,020,000 after acquiring an additional 3,913,266 shares during the period. BNP Paribas Financial Markets raised its position in Energy Transfer by 36.7% in the third quarter. BNP Paribas Financial Markets now owns 11,563,478 shares of the pipeline company's stock worth $185,594,000 after purchasing an additional 3,106,631 shares in the last quarter. Citigroup Inc. lifted its stake in Energy Transfer by 45.9% during the third quarter. Citigroup Inc. now owns 9,581,762 shares of the pipeline company's stock worth $153,787,000 after purchasing an additional 3,013,973 shares during the period. Finally, Pathway Financial Advisers LLC boosted its holdings in Energy Transfer by 1,837.4% during the third quarter. Pathway Financial Advisers LLC now owns 1,338,885 shares of the pipeline company's stock valued at $21,489,000 after purchasing an additional 1,269,778 shares in the last quarter. Institutional investors own 38.22% of the company's stock.
Energy Transfer Trading Up 0.4 %
NYSE:ET traded up $0.08 during trading hours on Monday, hitting $20.01. 13,632,601 shares of the stock were exchanged, compared to its average volume of 17,289,928. The company has a market capitalization of $68.50 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 0.52 and a beta of 1.69. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 1.40. The company's 50 day moving average is $19.71 and its two-hundred day moving average is $17.65. Energy Transfer LP has a twelve month low of $13.94 and a twelve month high of $21.45.
Energy Transfer Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 6.50%. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, February 7th. Energy Transfer's dividend payout ratio (DPR) is presently 94.85%.
Analysts Set New Price Targets
ET has been the topic of a number of analyst reports. Barclays upped their price target on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Bank of America began coverage on shares of Energy Transfer in a report on Thursday, October 17th. They issued a "buy" rating and a $20.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. The Goldman Sachs Group upped their price objective on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada lifted their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Energy Transfer presently has a consensus rating of "Moderate Buy" and an average price target of $20.82.
Get Our Latest Analysis on Energy Transfer
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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