Fort Washington Investment Advisors Inc. OH Sells 23,007 Shares of Energy Transfer LP (NYSE:ET)

Fort Washington Investment Advisors Inc. OH cut its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332,618 shares of the pipeline company's stock after selling 23,007 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in Energy Transfer were worth $6,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ET. United Advisor Group LLC lifted its holdings in Energy Transfer by 3.0% during the 4th quarter. United Advisor Group LLC now owns 18,540 shares of the pipeline company's stock worth $363,000 after buying an additional 534 shares in the last quarter. Wealthspire Advisors LLC lifted its position in Energy Transfer by 0.4% during the 4th quarter. Wealthspire Advisors LLC now owns 130,202 shares of the pipeline company's stock worth $2,551,000 after buying an additional 535 shares in the last quarter. Cannell & Spears LLC boosted its stake in shares of Energy Transfer by 0.4% during the 4th quarter. Cannell & Spears LLC now owns 135,647 shares of the pipeline company's stock worth $2,657,000 after buying an additional 546 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Energy Transfer by 18.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 3,649 shares of the pipeline company's stock worth $71,000 after buying an additional 556 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in shares of Energy Transfer by 3.0% in the fourth quarter. OneDigital Investment Advisors LLC now owns 20,389 shares of the pipeline company's stock valued at $399,000 after acquiring an additional 596 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Trading Down 1.0%

Energy Transfer stock traded down $0.18 during trading hours on Monday, reaching $18.14. 15,434,633 shares of the company's stock were exchanged, compared to its average volume of 15,609,796. The firm's 50 day simple moving average is $17.33 and its 200 day simple moving average is $18.58. Energy Transfer LP has a twelve month low of $14.60 and a twelve month high of $21.45. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $62.25 billion, a PE ratio of 14.17, a PEG ratio of 0.64 and a beta of 0.78.

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

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 9th were given a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 7.22%. This is a positive change from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, May 9th. Energy Transfer's payout ratio is presently 99.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ET. Wells Fargo & Company lowered their price target 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. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 price target on shares of Energy Transfer in a research report on Tuesday, March 25th. Citigroup reiterated a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. Morgan Stanley increased their target price on shares of Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Finally, Mizuho boosted their price objective on Energy Transfer from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Energy Transfer currently has a consensus rating of "Moderate Buy" and an average target price of $22.64.

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.