Wellington Shields & Co. LLC Buys 2,000 Shares of Energy Transfer LP (NYSE:ET)

Wellington Shields & Co. LLC grew its stake in Energy Transfer LP (NYSE:ET) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,527 shares of the pipeline company’s stock after purchasing an additional 2,000 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Energy Transfer were worth $1,009,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of Energy Transfer by 2,138.5% in the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 1,668 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Energy Transfer by 7.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 186,286 shares of the pipeline company’s stock valued at $2,990,000 after acquiring an additional 12,284 shares in the last quarter. Curi RMB Capital LLC grew its stake in shares of Energy Transfer by 8.7% in the third quarter. Curi RMB Capital LLC now owns 44,930 shares of the pipeline company’s stock valued at $721,000 after acquiring an additional 3,608 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Energy Transfer by 15.0% in the third quarter. Empowered Funds LLC now owns 346,825 shares of the pipeline company’s stock valued at $5,567,000 after acquiring an additional 45,172 shares in the last quarter. Finally, Mizuho Markets Americas LLC grew its stake in shares of Energy Transfer by 62.3% in the third quarter. Mizuho Markets Americas LLC now owns 483,822 shares of the pipeline company’s stock valued at $7,765,000 after acquiring an additional 185,805 shares in the last quarter. 38.22% of the stock is owned by institutional investors.

Energy Transfer Trading Up 3.0 %

Shares of Energy Transfer stock opened at $18.72 on Friday. The firm has a market capitalization of $64.22 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The firm’s 50 day moving average is $19.65 and its 200 day moving average is $18.16. Energy Transfer LP has a 1 year low of $14.90 and a 1 year high of $21.45.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. Equities research analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a dividend of $0.325 per share. The ex-dividend date was Friday, February 7th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a yield of 6.95%. Energy Transfer’s dividend payout ratio (DPR) is currently 101.56%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ET shares. The Goldman Sachs Group upped their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Stifel Nicolaus raised their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. UBS Group reissued a “buy” rating on shares of Energy Transfer in a report on Tuesday, March 4th. Wells Fargo & Company raised their target price on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Barclays raised their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.55.

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.