Integrated Advisors Network LLC Buys 22,214 Shares of Energy Transfer LP (NYSE:ET)

Integrated Advisors Network LLC increased its holdings in Energy Transfer LP (NYSE:ET - Free Report) by 21.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,291 shares of the pipeline company's stock after buying an additional 22,214 shares during the quarter. Integrated Advisors Network LLC's holdings in Energy Transfer were worth $2,366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Energy Transfer by 15.7% during the 4th quarter. FMR LLC now owns 38,634,018 shares of the pipeline company's stock valued at $756,840,000 after acquiring an additional 5,254,721 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Energy Transfer by 7.7% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company's stock valued at $469,920,000 after purchasing an additional 1,723,683 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Energy Transfer by 5.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,776,221 shares of the pipeline company's stock worth $387,416,000 after acquiring an additional 1,093,381 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Energy Transfer by 18.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 16,331,220 shares of the pipeline company's stock worth $319,929,000 after acquiring an additional 2,512,060 shares in the last quarter. Finally, Natixis raised its holdings in shares of Energy Transfer by 7.1% during the fourth quarter. Natixis now owns 14,619,124 shares of the pipeline company's stock worth $286,389,000 after acquiring an additional 962,800 shares in the last quarter. 38.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

ET has been the subject of several recent research reports. UBS Group reiterated a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. Mizuho increased their price objective on Energy Transfer from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, May 20th. Morgan Stanley raised their target price on Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. cut their target price on Energy Transfer from $25.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 price target on shares of Energy Transfer in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $22.64.

Energy Transfer Stock Down 0.8%

Shares of Energy Transfer stock traded down $0.16 during trading hours on Friday, reaching $18.30. 14,306,574 shares of the company's stock were exchanged, compared to its average volume of 15,610,522. The company has a 50 day moving average of $17.33 and a two-hundred day moving average of $18.59. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45. 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 stock has a market cap of $62.78 billion, a P/E ratio of 14.29, a P/E/G ratio of 0.64 and a beta of 0.78.

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 the consensus estimate of $0.33 by $0.03. The firm had revenue of $21.02 billion for the quarter, compared to analysts' expectations of $22.28 billion. Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. The business's revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS. On average, sell-side analysts forecast that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th were given a $0.3275 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.31 dividend on an annualized basis and a yield of 7.16%. This is a positive change from Energy Transfer's previous quarterly dividend of $0.33. Energy Transfer's dividend payout ratio (DPR) is currently 99.24%.

About Energy Transfer

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.