Energy Transfer LP (NYSE:ET) Shares Purchased by Quantum Private Wealth LLC

Quantum Private Wealth LLC increased its stake in shares of Energy Transfer LP (NYSE:ET) by 12.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 96,183 shares of the pipeline company’s stock after purchasing an additional 10,733 shares during the period. Quantum Private Wealth LLC’s holdings in Energy Transfer were worth $1,327,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ET. Bank of New York Mellon Corp raised its position in shares of Energy Transfer by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 79,889 shares of the pipeline company’s stock worth $894,000 after purchasing an additional 3,501 shares during the last quarter. Cibc World Market Inc. grew its stake in Energy Transfer by 0.6% during the 1st quarter. Cibc World Market Inc. now owns 424,932 shares of the pipeline company’s stock valued at $4,755,000 after acquiring an additional 2,403 shares in the last quarter. Blair William & Co. IL grew its stake in Energy Transfer by 13.7% during the 1st quarter. Blair William & Co. IL now owns 260,824 shares of the pipeline company’s stock valued at $2,919,000 after acquiring an additional 31,407 shares in the last quarter. Cetera Investment Advisers grew its stake in Energy Transfer by 7.3% during the 1st quarter. Cetera Investment Advisers now owns 159,249 shares of the pipeline company’s stock valued at $1,782,000 after acquiring an additional 10,856 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Energy Transfer by 43.0% during the 1st quarter. NewEdge Advisors LLC now owns 192,394 shares of the pipeline company’s stock valued at $2,153,000 after acquiring an additional 57,880 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Trading Down 0.9 %

Shares of Energy Transfer stock traded down $0.13 during mid-day trading on Wednesday, hitting $15.10. The stock had a trading volume of 22,004,915 shares, compared to its average volume of 10,364,834. The firm has a 50-day moving average of $15.10 and a two-hundred day moving average of $14.21. Energy Transfer LP has a 12-month low of $12.18 and a 12-month high of $16.04. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. The firm has a market cap of $50.88 billion, a P/E ratio of 13.85 and a beta of 1.64.

Energy Transfer (NYSE:ET) last posted its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.08. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The business had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $21.46 billion. During the same quarter in the prior year, the company posted $0.34 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts forecast that Energy Transfer LP will post 1.44 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were paid a $0.315 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 6th. This represents a $1.26 annualized dividend and a dividend yield of 8.34%. Energy Transfer’s dividend payout ratio is 115.60%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group dropped their price objective 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. 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.57.

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.