PFG Investments LLC Has $1.82 Million Holdings in Energy Transfer LP (NYSE:ET)

PFG Investments LLC raised its position in Energy Transfer LP (NYSE:ET - Free Report) by 164.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 115,412 shares of the pipeline company's stock after purchasing an additional 71,845 shares during the period. PFG Investments LLC's holdings in Energy Transfer were worth $1,815,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ET. Mutual Advisors LLC lifted its stake in Energy Transfer by 112.9% in the fourth quarter. Mutual Advisors LLC now owns 146,943 shares of the pipeline company's stock valued at $2,028,000 after buying an additional 77,938 shares during the period. Envestnet Asset Management Inc. boosted its stake in Energy Transfer by 230.9% during the third quarter. Envestnet Asset Management Inc. now owns 736,634 shares of the pipeline company's stock worth $10,335,000 after acquiring an additional 513,989 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in Energy Transfer by 3.3% in the fourth quarter. Arkadios Wealth Advisors now owns 28,250 shares of the pipeline company's stock worth $390,000 after purchasing an additional 903 shares during the period. Fractal Investments LLC raised its holdings in shares of Energy Transfer by 12.9% during the third quarter. Fractal Investments LLC now owns 5,682,061 shares of the pipeline company's stock valued at $79,719,000 after purchasing an additional 647,885 shares during the period. Finally, Cutter & CO Brokerage Inc. grew its stake in shares of Energy Transfer by 22.5% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 421,372 shares of the pipeline company's stock valued at $5,912,000 after buying an additional 77,352 shares during the period. 38.22% of the stock is owned by institutional investors.

Energy Transfer Stock Up 0.1 %

Shares of NYSE:ET traded up $0.02 during mid-day trading on Friday, hitting $15.96. 5,346,991 shares of the company traded hands, compared to its average volume of 11,025,037. The stock has a 50-day moving average price of $15.36 and a two-hundred day moving average price of $14.33. Energy Transfer LP has a 12-month low of $12.18 and a 12-month high of $16.04. The stock has a market cap of $53.78 billion, a P/E ratio of 14.64 and a beta of 1.64. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.08. The firm had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $21.46 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 EPS. On average, equities research analysts forecast that Energy Transfer LP will post 1.57 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be given a $0.317 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 7.94%. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date is Friday, May 10th. Energy Transfer's dividend payout ratio is presently 115.60%.

Analysts Set New Price Targets

Several research analysts have issued reports on ET shares. Citigroup increased their price target on Energy Transfer from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st. Mizuho reiterated a "buy" rating and issued a $19.00 target price (up from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. Finally, UBS Group decreased their price target on shares of Energy Transfer from $23.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, February 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.00.

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.

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