Retireful LLC Purchases New Holdings in Energy Transfer LP (NYSE:ET)

Retireful LLC purchased a new position in shares of Energy Transfer LP (NYSE:ET - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 63,864 shares of the pipeline company's stock, valued at approximately $1,195,000. Energy Transfer comprises about 1.2% of Retireful LLC's portfolio, making the stock its 27th biggest position.

Other large investors have also added to or reduced their stakes in the company. Forvis Mazars Wealth Advisors LLC increased its position in shares of Energy Transfer by 164.1% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 60,566 shares of the pipeline company's stock worth $1,186,000 after purchasing an additional 37,633 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of Energy Transfer by 44.2% in the fourth quarter. Wedbush Securities Inc. now owns 135,281 shares of the pipeline company's stock valued at $2,650,000 after buying an additional 41,438 shares in the last quarter. FFG Partners LLC increased its holdings in Energy Transfer by 0.9% during the fourth quarter. FFG Partners LLC now owns 1,650,574 shares of the pipeline company's stock worth $32,335,000 after buying an additional 13,948 shares during the last quarter. Greenland Capital Management LP acquired a new position in Energy Transfer during the fourth quarter worth $2,253,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Energy Transfer during the fourth quarter worth $597,000. Institutional investors and hedge funds own 38.22% of the company's stock.

Energy Transfer Stock Performance

Shares of Energy Transfer stock traded up $0.27 on Friday, hitting $17.94. The stock had a trading volume of 12,134,630 shares, compared to its average volume of 15,519,204. The stock has a market cap of $61.57 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 0.64 and a beta of 0.78. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. Energy Transfer LP has a twelve month low of $14.60 and a twelve month high of $21.45. The business's 50 day moving average is $17.21 and its two-hundred day moving average is $18.62.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $21.02 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the prior year, the firm posted $0.32 EPS. The company's revenue for the quarter was down 2.8% on a year-over-year basis. Analysts forecast 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 was paid on Tuesday, May 20th. Investors of record on Friday, May 9th were given a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a yield of 7.30%. 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 dividend payout ratio (DPR) is currently 99.24%.

Wall Street Analyst Weigh In

ET has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of Energy Transfer from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Citigroup reiterated a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. Morgan Stanley boosted their price target on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. dropped their price objective on Energy Transfer from $25.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Finally, Stifel Nicolaus raised their price objective on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.64.

Energy Transfer 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.