Energy Transfer LP (NYSE:ET) Shares Bought by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton boosted its stake in shares of Energy Transfer LP (NYSE:ET) by 52.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,050 shares of the pipeline company’s stock after purchasing an additional 1,050 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Energy Transfer were worth $60,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in Energy Transfer by 32.3% during the second quarter. Bank of New York Mellon Corp now owns 94,442 shares of the pipeline company’s stock worth $1,532,000 after acquiring an additional 23,079 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Energy Transfer by 0.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 174,002 shares of the pipeline company’s stock worth $2,822,000 after purchasing an additional 1,020 shares during the period. Brown Brothers Harriman & Co. increased its holdings in shares of Energy Transfer by 10.1% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 31,806 shares of the pipeline company’s stock valued at $516,000 after purchasing an additional 2,911 shares in the last quarter. Total Clarity Wealth Management Inc. lifted its stake in shares of Energy Transfer by 14.0% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 19,333 shares of the pipeline company’s stock valued at $314,000 after purchasing an additional 2,377 shares during the period. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in Energy Transfer by 25.0% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 12,990 shares of the pipeline company’s stock worth $211,000 after buying an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on ET shares. Barclays lifted their price target on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday. The Goldman Sachs Group lifted their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Bank of America started coverage on shares of Energy Transfer in a research report on Thursday, October 17th. They set a “buy” rating and a $20.00 price target for the company. UBS Group lifted their price objective on Energy Transfer from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Wells Fargo & Company increased their target price on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $20.82.

Energy Transfer Price Performance

NYSE:ET opened at $19.89 on Wednesday. Energy Transfer LP has a one year low of $13.60 and a one year high of $20.02. The stock has a market cap of $68.10 billion, a PE ratio of 14.63, a P/E/G ratio of 0.62 and a beta of 1.70. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08. The stock has a 50 day moving average price of $18.85 and a 200 day moving average price of $17.12.

Energy Transfer (NYSE:ET) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $21.59 billion. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company earned $0.31 EPS. Equities research analysts expect that Energy Transfer LP will post 1.32 EPS for the current fiscal year.

Energy Transfer Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were issued a $0.3225 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.29 annualized dividend and a yield of 6.49%. Energy Transfer’s payout ratio is 94.85%.

Energy Transfer Company 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.