Sowell Financial Services LLC lifted its position in Energy Transfer LP (NYSE:ET - Free Report) by 30.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 440,165 shares of the pipeline company's stock after purchasing an additional 103,709 shares during the quarter. Sowell Financial Services LLC's holdings in Energy Transfer were worth $6,074,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of Energy Transfer by 4.6% in the 1st quarter. Bank of New York Mellon Corp now owns 79,889 shares of the pipeline company's stock worth $894,000 after buying an additional 3,501 shares during the last quarter. Cibc World Market Inc. lifted its stake in shares of Energy Transfer by 0.6% in the 1st quarter. Cibc World Market Inc. now owns 424,932 shares of the pipeline company's stock valued at $4,755,000 after purchasing an additional 2,403 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of Energy Transfer by 13.7% in the 1st quarter. Blair William & Co. IL now owns 260,824 shares of the pipeline company's stock valued at $2,919,000 after purchasing an additional 31,407 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Energy Transfer by 7.3% in the 1st quarter. Cetera Investment Advisers now owns 159,249 shares of the pipeline company's stock valued at $1,782,000 after purchasing an additional 10,856 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Energy Transfer by 43.0% in the 1st quarter. NewEdge Advisors LLC now owns 192,394 shares of the pipeline company's stock valued at $2,153,000 after purchasing an additional 57,880 shares during the last quarter. 38.22% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently issued reports on ET. Citigroup raised their price objective on Energy Transfer from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. UBS Group cut their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a "buy" rating on the stock in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.57.
Check Out Our Latest Stock Analysis on Energy Transfer
Energy Transfer Trading Up 0.1 %
Energy Transfer stock traded up $0.01 during mid-day trading on Friday, hitting $15.83. The company's stock had a trading volume of 7,873,367 shares, compared to its average volume of 12,402,015. Energy Transfer LP has a one year low of $12.18 and a one year high of $16.04. The company has a 50 day moving average of $14.90 and a 200-day moving average of $14.11. The stock has a market cap of $53.32 billion, a PE ratio of 14.54 and a beta of 1.64. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 1.10.
Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.08. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The company had revenue of $20.53 billion during the quarter, compared to analyst estimates of $21.46 billion. During the same quarter last year, the business posted $0.34 EPS. The firm's revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts anticipate that Energy Transfer LP will post 1.44 EPS for the current year.
Energy Transfer Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.315 per share. This is an increase from Energy Transfer's previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a yield of 7.96%. The ex-dividend date was Tuesday, February 6th. Energy Transfer's dividend payout ratio (DPR) is presently 115.60%.
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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