Energy Transfer LP $ET Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Energy Transfer LP (NYSE:ET) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 21,898,420 shares of the pipeline company’s stock after purchasing an additional 544,944 shares during the period. Energy Transfer makes up 0.6% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s investment portfolio, making the stock its 22nd largest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Energy Transfer were worth $375,777,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ET. Brighton Jones LLC boosted its stake in shares of Energy Transfer by 93.4% during the fourth quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock worth $481,000 after buying an additional 11,844 shares during the period. AQR Capital Management LLC increased its position in Energy Transfer by 62.8% in the 1st quarter. AQR Capital Management LLC now owns 21,041 shares of the pipeline company’s stock valued at $391,000 after acquiring an additional 8,118 shares during the period. PNC Financial Services Group Inc. increased its position in Energy Transfer by 2.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 247,599 shares of the pipeline company’s stock valued at $4,489,000 after acquiring an additional 6,857 shares during the period. Geode Capital Management LLC raised its stake in Energy Transfer by 6.2% during the 2nd quarter. Geode Capital Management LLC now owns 135,395 shares of the pipeline company’s stock valued at $2,455,000 after acquiring an additional 7,901 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in Energy Transfer by 5.0% during the 2nd quarter. Foundations Investment Advisors LLC now owns 93,741 shares of the pipeline company’s stock valued at $1,700,000 after acquiring an additional 4,478 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Stock Performance

ET opened at $18.76 on Tuesday. The stock has a market cap of $64.52 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.02 and a beta of 0.63. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.22 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $18.18 and its 200 day simple moving average is $17.31. Energy Transfer LP has a 1-year low of $14.60 and a 1-year high of $19.30.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.09). The firm had revenue of $25.32 billion during the quarter, compared to analysts’ expectations of $23.56 billion. Energy Transfer had a net margin of 5.11% and a return on equity of 10.17%. The business’s revenue for the quarter was up 29.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 earnings per share. As a group, equities analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Friday, February 6th were given a $0.335 dividend. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.34 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Friday, February 6th. Energy Transfer’s dividend payout ratio (DPR) is 110.74%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ET shares. Barclays reiterated an “overweight” rating and issued a $22.00 target price (down from $25.00) on shares of Energy Transfer in a research note on Monday, January 12th. TD Cowen upped their price target on Energy Transfer from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Wells Fargo & Company increased their price target on Energy Transfer from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday. Royal Bank Of Canada upgraded shares of Energy Transfer to a “moderate buy” rating in a research report on Monday, December 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Energy Transfer in a research note on Wednesday, December 24th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Energy Transfer has an average rating of “Moderate Buy” and an average target price of $21.60.

Energy Transfer Company Profile

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.