AGF Management Ltd. Has $389,000 Stock Position in Energy Transfer LP (NYSE:ET)

AGF Management Ltd. lowered its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 73.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,178 shares of the pipeline company's stock after selling 76,515 shares during the period. AGF Management Ltd.'s holdings in Energy Transfer were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ET. Alps Advisors Inc. lifted its holdings in shares of Energy Transfer by 14.5% in the third quarter. Alps Advisors Inc. now owns 73,666,501 shares of the pipeline company's stock valued at $1,033,541,000 after purchasing an additional 9,341,798 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Energy Transfer by 38.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,621,485 shares of the pipeline company's stock valued at $353,576,000 after purchasing an additional 7,097,074 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Energy Transfer by 1,447.6% in the fourth quarter. International Assets Investment Management LLC now owns 3,756,955 shares of the pipeline company's stock valued at $518,460,000 after purchasing an additional 3,514,195 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Energy Transfer in the third quarter valued at about $42,932,000. Finally, Barclays PLC lifted its holdings in shares of Energy Transfer by 31.1% in the third quarter. Barclays PLC now owns 12,378,222 shares of the pipeline company's stock valued at $173,666,000 after purchasing an additional 2,933,353 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

Energy Transfer Trading Up 0.8 %

ET stock traded up $0.13 on Friday, hitting $15.96. 10,720,062 shares of the company were exchanged, compared to its average volume of 12,280,908. Energy Transfer LP has a twelve month low of $12.31 and a twelve month high of $16.40. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.18 and a quick ratio of 1.00. The business's fifty day moving average is $15.67 and its two-hundred day moving average is $14.53. The stock has a market capitalization of $53.79 billion, a price-to-earnings ratio of 14.50 and a beta of 1.63.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). Energy Transfer had a return on equity of 12.22% and a net margin of 4.85%. The company had revenue of $21.63 billion for the quarter, compared to analyst estimates of $20.91 billion. During the same period last year, the company posted $0.32 EPS. The business's revenue for the quarter was up 13.9% on a year-over-year basis. As a group, research analysts forecast that Energy Transfer LP will post 1.54 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.317 per share. 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 116.51%.

Analyst Ratings Changes

Several analysts have issued reports on ET shares. UBS Group upped their price target on shares of Energy Transfer from $23.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday. Citigroup upped their price objective on shares of Energy Transfer from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. Stifel Nicolaus upped their price objective on shares of Energy Transfer from $18.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. Finally, Mizuho reissued a "buy" rating and set a $19.00 price objective (up previously from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.43.

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.