Blair William & Co. IL Acquires 39,816 Shares of Energy Transfer LP (NYSE:ET)

Blair William & Co. IL increased its holdings in shares of Energy Transfer LP (NYSE:ET) by 8.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 515,292 shares of the pipeline company’s stock after purchasing an additional 39,816 shares during the quarter. Blair William & Co. IL’s holdings in Energy Transfer were worth $10,095,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in shares of Energy Transfer by 57.0% during the third quarter. Thrivent Financial for Lutherans now owns 21,671 shares of the pipeline company’s stock worth $348,000 after buying an additional 7,870 shares during the period. Cerity Partners LLC lifted its stake in Energy Transfer by 29.1% in the 3rd quarter. Cerity Partners LLC now owns 242,531 shares of the pipeline company’s stock valued at $3,893,000 after acquiring an additional 54,611 shares in the last quarter. FMR LLC boosted its position in Energy Transfer by 44.0% during the 3rd quarter. FMR LLC now owns 33,379,297 shares of the pipeline company’s stock worth $535,738,000 after acquiring an additional 10,195,768 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of Energy Transfer by 27.7% during the 3rd quarter. CreativeOne Wealth LLC now owns 43,087 shares of the pipeline company’s stock worth $692,000 after acquiring an additional 9,335 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Energy Transfer by 0.4% in the third quarter. Rockefeller Capital Management L.P. now owns 3,497,601 shares of the pipeline company’s stock valued at $56,137,000 after purchasing an additional 12,545 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Trading Down 0.9 %

ET stock opened at $18.72 on Friday. The stock has a market cap of $64.22 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. The company has a fifty day moving average price of $19.46 and a two-hundred day moving average price of $18.37. Energy Transfer LP has a one year low of $14.90 and a one year high of $21.45. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88.

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

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a $0.325 dividend. 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 payout ratio is 101.56%.

Analyst Upgrades and Downgrades

ET has been the subject of a number of analyst reports. Morgan Stanley raised their target price on shares of Energy Transfer from $20.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Wells Fargo & Company raised their price objective on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a report on Tuesday, March 4th. Barclays raised 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, January 13th. Finally, The Goldman Sachs Group upped their price objective on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Energy Transfer has a consensus rating of “Moderate Buy” and an average price target of $22.09.

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.