Energy Transfer LP (NYSE:ET) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. increased its stake in shares of Energy Transfer LP (NYSE:ET) by 5.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 291,548 shares of the pipeline company’s stock after acquiring an additional 16,065 shares during the period. D.A. Davidson & CO.’s holdings in Energy Transfer were worth $5,711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Empower Advisory Group LLC acquired a new position in Energy Transfer during the 4th quarter worth approximately $205,000. Sanctuary Advisors LLC lifted its position in Energy Transfer by 20.0% during the 4th quarter. Sanctuary Advisors LLC now owns 1,063,085 shares of the pipeline company’s stock worth $22,410,000 after acquiring an additional 177,126 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in Energy Transfer by 6.5% during the 4th quarter. Catalyst Capital Advisors LLC now owns 1,953,355 shares of the pipeline company’s stock worth $38,266,000 after purchasing an additional 119,319 shares during the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in Energy Transfer during the 4th quarter worth approximately $429,000. Finally, Americana Partners LLC increased its holdings in Energy Transfer by 0.6% during the 4th quarter. Americana Partners LLC now owns 1,816,567 shares of the pipeline company’s stock worth $35,587,000 after purchasing an additional 10,751 shares during the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ET has been the topic of several analyst reports. The Goldman Sachs Group lifted their price objective on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Stifel Nicolaus lifted their price objective on Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Royal Bank of Canada lifted their price objective on Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Barclays lifted their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company boosted their price target on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.18.

Energy Transfer Price Performance

Shares of NYSE ET opened at $20.14 on Thursday. The company has a market capitalization of $68.94 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 0.52 and a beta of 1.69. The business has a 50 day simple moving average of $19.85 and a 200-day simple moving average of $17.86. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 1.40. Energy Transfer LP has a twelve month low of $14.52 and a twelve month high of $21.45.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data 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 return on equity of 11.66% and a net margin of 5.74%. As a group, equities research analysts expect that Energy Transfer LP will post 1.47 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a dividend of $0.325 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date was Friday, February 7th. Energy Transfer’s dividend payout ratio is presently 101.56%.

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.